Office of Thrift Supervision

In the view of Green and Shoven (1986), under PHM model, influencing factors mainly include four aspects: 1. the refinancing rate R(t) and contract interest rate c, when the refinancing rate is lower than the contract interest rate , prepayment will be : Thus the prepayment is caused by the difference between contract interest rate and refinancing rate. 2. The refinancing rate will also cause the accelerating effect on prepayment. 3. The prepayment also has relationship between mortgage balance

FACTs of WA-MU Washington Mutual Bank, aka WA-MU, was organized in September 1889 to help provide funds for rebuilding Seattle after the great fire. Washington Mutual became the largest thrift in the US, and one of its largest banks. From that beginning, Washington Mutual has grown into financial services company that offered services in mortgages, credit cards and retail landings. “But if its rise was storied, its fall was spectacular

Online Banking Introduction The World Wide Web has changed our culture in so many ways. People are able to do so many activities over the World Wide Web, it is unbelievable. You can pursue a degree through online universities, communicate with users around the world, purchase goods and services online, and yes, you can bank and pay your bills online. This new technology has enabled us to make payments, maintain a checking/debit card account, balance transfers, all via the web. You can

For millions of people in the United States, the property boom of the 2000’s ended without much warning. All over the country, tent cities are emerging as the abode of those most unprepared for the collapse of housing prices and the resulting decrease in employment opportunities. The housing crisis’ effect on national economies threatens to plunge the global economy into a malaise unseen since the 1930s, according to Alan Greenspan (former Federal Reserve Chairman), the International Monetary Fund

After working at US Bank’s credit card department for four years, the bank was purchased in 1997 by a bank based in Minnesota, and the local credit card division was closed. In December of that year, a California bank, Fidelity Federal Bank (FFB), announced plans to open a credit card call center in Beaverton, and I knew a former manager that would serve as operations manager, overseeing a number of departments. She asked that I join her at this new business, Bank Plus Credit Services (BPCS), and

California State University Los Angeles Department of Economics Economics 303 Money and Banking and the Economy Prof. Giorgio Canarella Fall Quarter 2012 Midterm 2 Return your work Saturday, November 10, at 1:00 pm Problem (50 points) Use a blue book. You are given the following estimates about the monetary economy of the US: C/D = 0.1; T/D = 2; ER/D = 0.2, [pic], [pic], MB = 1000. Compute the money multiplier, the money supply, the level of currency and checkable deposits, the level of time

Introduction Foreclosure has become an outbreak affecting an entire nation. Realtytrac just reported in the month of April 2011 that one in every 593 housing units received a foreclosure filing. (N1) That statistic is for just one month! Some states such as Arizona, California, Florida, Michigan and Nevada continue to be plagued with an influx of homes falling victim to foreclosure or some other form of default. Each home that is a casualty to a foreclosure, short sale or even bankruptcy is secured

Introduction Foreclosure has become an outbreak affecting the entire United States of America. Realtytrac just reported in the month of April 2011 that one in every 593 housing units received a foreclosure filing. (N1) That statistic is for just one month! Some states such as Arizona, California, Florida, Michigan and Nevada continue to be plagued with an influx of homes falling victim to foreclosure or some other form of default. Each home that is a casualty to a foreclosure, short sale or even

In 2008 the world faced the worst financial crisis since the great depression. Many banks closed their doors for good that year. Among them were both small and large banks. One specific bank that collapsed that year was IndyMac, one of the largest banks in the United States. IndyMac marked the largest collapse of a Federal Deposit Insurance Corporation (FDIC) insured institution since 1984, when Continental Illinois, which had $40 billion in assets, failed, according to FDIC records (“The Fall of

The Collapse of IndyMac Bank In 2008 the world faced the worst financial crisis since the great depression. Many banks closed their doors for good that year. Among them were both small and large banks. One specific bank that collapsed that year was IndyMac, one of the largest banks in the United States. IndyMac marked the largest collapse of a Federal Deposit Insurance Corporation (FDIC) insured institution since 1984, when Continental Illinois, which had $40 billion in assets, failed, according