Wachovia

The mortgage crisis of 2007 marked catastrophe for millions of homeowners who suffered from foreclosure and short sales. Most of the problems involving the foreclosing of families’ homes could boil down to risky borrowing and lending. Lenders were pushed to ensure families would be eligible for a loan, when in previous years the same families would have been deemed too high-risk to obtain any kind of loan. With the increase in high-risk families obtaining loans, there was a huge increase in home buyers and subsequently a rapid increase in home prices. As a result, prices peaked and then began falling just as fast as they rose. Soon after families began to default on their mortgages forcing them either into foreclosure or short sales. Who was to blame for the risky lending and borrowing that caused the mortgage meltdown? Many might blame the company Fannie Mae and Freddie Mac, but in reality the entire system of buying and selling and free market failed home owners and the housing economy.

Pay options were also available allowing the borrowers to choose lower payments and the balance of what you should pay and what you actually paid was added to the loan to have a negative amortization. The introductory low rates were called Teaser Rates. The goal was to make home ownership more affordable for more people. Michael Francis and other brokers in Wall Street knew that some of these loans are bad loans but they didn’t cared because they transferred all these loans to whoever wanted to buy them such as pension funds. They are just the intermediary or the pipeline. These pension funds could only buy AAA mortgage loan. The investors wanted to sell their loans to the pension funds but they needed to be rated AAA by these agencies. Their job was to evaluate the risk of the securities. What was the ethical issue here with the agencies? The riskier BBB looked as good as the triple AAA and they looked much safer than they used to be and they started to look more like a AAA security. So AAA requirement got lower as the market got smart. Moodies, S&P, and Fitch are the three rating agencies. They didn’t give price but based on their ratings they got priced. The suggestion is that these agencies would come with the investment bankers. The business was getting more competitive so you just wanted to get more business or more business than the other agencies. When Anne Arundel was asked if standards lower she

Once Job Analysis is complete, the next step is to define the responsibilities of the candidate to meet the needs of the position. Job description is basically a list of the tasks required of the employee holding the particular position defined in the job analysis. A Complete job description will include level of responsibility and the expected outcome. Once these attributes are defined and documented, finding the ideal candidate will become easier and more precise.

Wawa was built on a commitment to their communities since day one, when the first store opened in 1964. The resilient company of Wawa, Inc. has made great strides at becoming a more sustainable company. The company has excelled in some areas such as transportation emission reductions with their delivery trucks and their led lighting. Wawa has even rolled out new trashcans back in 2011, when they unveiled a recycling program. These trashcans include dual compartments, which the left side is trash and right is recycled cans and bottles. The recycling program that once stood in place at the convenience store was removed about two months after the rollout transpired. With a moralist company such as Wawa, it is hard to believe the deception that they have created.

Countrywide, co-founded in 1969 by Angela Mozillo had become the largest home loan provider in the U.S. with decades (Ferrell, Fraedrich, & Ferrell, 2013). During the 90’s, Countrywide’s loans reached $1 trillion and were known as the number one loan provider that help qualify people with low incomes to purchase a home. Countrywide also created a program called ‘House America” which was to assist people to get a home with lower down payments. By the year 2000, Countrywide provided one in six of the loans provided to consumers in the U.S. During 2003, Countrywide had formed another program called ”We House America”, which was put in place for low-income consumers as well as the minority consumer. Countrywide goal for the program was to provide

It is accepted as a popular alternative and the lenders are finding new ways to customise the loan deals.

Everybody from down South knows about the Waffle House and has one close in a local area. The Waffle House is a 24-hour diner place that sales just about anything that you want. Although Waffle House is an excellent place to eat at, there are things that make people think twice bout going. Most Waffle Houses are extremely cold. Why? because workers are dealing with eggs and things of that nature and employees become very hot quick. When sitting at the table, the waiter gives a napkin to put the fork, the spoon and the knife on. In some Waffle Houses, the utensils are not always clean. Dirty spots are on both utensils, plates and cups. The drinks have things floating around in it, which is very unacceptable. When customers. come they have

Lenders are partial to ARM 's because their exposure to below market interest rate mortgages rates is limited therefore they offer rates commensurate with the fixed rate term. Also because the interest rate adjusts after the initial fixed term they eliminate the accounting problem of carrying substantially below market investments on their balance sheet far into the future. The

Nabisco Food Groups has been one of the widely known names in the food industry. Nabisco is among the world’s largest manufacturers of cookies and crackers. Nabisco Brands was formed in 1981 through a merger of Nabisco and Standard Brands. In 1985 R.J. Reynolds Industries acquired Nabisco brands in one of the largest takeovers in business history. In earlier years the company was called N.B.C. In 1941 the company took on the name Nabisco, but it was in 1971 when the name became the official corporate name.

1.  What are the two ways Countrywide – or any mortgage lender - made money?

Countrywide’s tactics often led borrowers to expensive and sometimes unfavorable loans that resulted in richer commissions for Countrywide’s sales forces, fees to company affiliates providing services on the loans, and a roaring stock price that made Countrywide executives among the highest paid in America. Countrywide’s entire operation, from its computer system to its incentive pay structure and financing arrangements, was intended to wring maximum profits out of the mortgage lending boom no matter what it cost borrowers (Morgenson, 2007).

To continue to fund its growth and provide the money for franchise operations, National Mortgage will be seeking $150,000 in

In the second half of 2007, the banking industry and financial market showed signs of considerable stress by raising the default rate of mortgage and the decline in the value of residential mortgage-backed securities. This had led to a re-pricing of many debt instruments. By the end of 2007, Citigroup declared that the fair value of its U.S. sub-prime related direct exposure could decline by 20%. This affected Citigroup’s financial results and would incur further losses in the future.

Operating in six segments, PepsiCo American Beverages (PAB), Frito Lay North America (FLNA), Quaker Foods North America (QFNA), Latin America Foods (LAF), Europe, Asia, Middle East and Africa, PepsiCo is commitment to Performance with Purpose. The belief at is being ethical is not only about doing the right thing but that it is also the right thing for the organization. Using a Worldwide Code of Conduct the company expects employees to have leadership responsibilities to comply with laws, regulations, and policies, as well as the resources to resolve ethical dilemmas, while providing a safe, clean and healthy workplace. PepsiCo is dedicated to holding all employees to the highest standards of ethics and compliance; never forgoing an ethical decision or compliant behavior to accomplish business goals.

There are many competitors the market like Coca-Cola, Birel; they have over 185,000 employees working in 200countries.