...Changes at Scott Mortgage De’Sean Anderson Strayer University BUS 520 Leadership & Organizational Behavior Dr. Anderson June 12, 2010 Discuss the nature of change in the work environment of the 21st century. Between technological advances, the changing composition of the workforce, and the growing influence of the global economy, organizational structures and employees' careers are taking unprecedented and unpredictable turns. People still want to be successful in their jobs, want a sense of internal and external equity, and want personal connections with others. Organizations still need people who have the right skills and who are working toward a common set of objectives. People still resist change, even though the amount of change in their work lives has increased. New and faster technology, redefined values, and shifting customer demands are changing the way businesses operate in the twenty-first century. The delivery of goods, services, and spare parts will be done by e-commerce organizations. In the majority of developed countries, the population is aging. Human resources are being transformed from a specialized, stand-alone function to a broad, corporate competency. HR policies and program initiatives will have to be responsive to market conditions and global business structures. Organizations are becoming flatter, leaner, and more flexible in order to keep up with technological advances and to become and/or remain competitive in the global marketplace...
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...Asia Pacific Equity Research 25 February 2005 Australian Mortgage Industry Volume 1 A Lot of Fat ! JPMorgan Australian Banks Team Brian Johnson (61-2) 9220-1605 brian.d.johnson@jpmorgan.com Richard Wiles (612) 9220 1525 richard.e.wiles@jpmorgan.com Ed Henning (61-2) 9220-1933 ed.a.henning@jpmorgan.com Fujitsu Australia Team Martin North (61-2) 9293-0617 martin.north@au.fujitsu.com Tom Dissing (61-2) 9293-0423 tom.dissing@au.fujitsu.com This report is the result of a joint effort between Fujitsu Australia and JPMorgan, focusing on developments in the Australian mortgage industry. We use the Fujitsu Mortgage Market and Yield Improvement Modelling. See page 30 for analyst certification and important disclosures, including investment banking relationships. JPMorgan does and seeks to do business with companies covered in its research reports. As a result, investors should be aware that the firm may have a conflict of interest that could affect the objectivity of this report. Investors should consider this report as only a single factor in making their investment decision. Brian Johnson (61-2) 9220-1605 brian.d.johnson@jpmorgan.com Asia Pacific Equity Research 25 February 2005 Table of Contents Executive Summary .................................................................3 Industry Overview ....................................................................5 Mortgage Brokers................................................................
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...The Gold Mine Version 2.1 Your Step by Step System for Finding, Securing and Obtaining Surplus Funds From Mortgage Foreclosures, Tax Sales, Unclaimed Estate Monies, and Bankruptcy Courts. **Please NOTE – the Videos that will help you understand the written information that follows are now all on one page with titles describing what they address. Please be sure to check those videos out at http://www.surplusfundsriches.com/coursevids.htm YOUR BROWSER MUST BE OPEN IN THE BACKGROUND FOR THIS TO WORK! If you’re internet browser is open in the background while you are reading this, you can click the above link and go straight to the page. If not, cut and paste it into your browser. WATCH AT LEAST THE INTRODUCTORY – FIRST – VIDEO PLEASE! Also – if you are going to function as a researcher, using our funding, you are responsible for using this book to get the list of monies held, doing the research as outlined in the pages that follow, and sending that information in. The last part of this portion of the book has the Independent Contractor’s Agreement, the Referral Form and additional information. You do not do the negotiations or contact the individuals if you wish to function in this capacity. Please, before you ask for help on acquiring a list, follow directions to do so with the emails to the bookkeepers. GETTING THE LIST IS PRIORITY – USE THE VIDEO LINK ABOVE TO WATCH VIDEOS, IN ADDITION TO READING THIS BOOK! Finally, I get a lot of calls regarding new statutes/laws passed in each...
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...BANK OF THE PHILIPPINE ISLANDS, INC., Petitioner, vs. SPS. NORMAN AND ANGELINA YU and TUANSON BUILDERS CORPORATION represented by PRES. NORMAN YU, Respondents. Brief Details of the Case This case is about the propriety of a summary judgment in resolving a documented claim of alleged excessive penalty charges, interest, attorneys fees, and foreclosure expenses imposed in an extrajudicial foreclosure of mortgage. Opinion on the case of BPI versus . SPS. NORMAN AND ANGELINA YU and TUANSON BUILDERS CORPORATION The complaint given by the YUs regarding the none disclosure of Bank of the Philippine island regarding the Finance Charges, I substantially do not agree on that complaint because, it was mentioned in the case that the BPI have provided a promissory note that the YUs have signed before the consumption of the transaction, it was indicated there that "I/We jointly and severally, promise to further pay a late payment charge on any overdue amount herein at the rate of 3% per month." In this note signed by YUs. Given that fact, YU’s has no escape in paying the late payment charge. The questionable part is, it was not mentioned in the promissory note the collection of Attorney’s fees, Litigation expenses and Publication fees. In this case, BPI somehow had a grounds of none disclosure of some incidental charges to its debtor. On Oct 24, 2003, The YUs have filed a complaint against BPI, I agree to the complaint of the YUs wherein BPI have not provided any supporting documents...
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...SAFE AND SECURE A security instrument accompanies (or should accompany) every Promissory Note. The security instrument is state specific, and examples include mortgage, deed of trust, security deed, or trust deed. The security instrument identifies and encumbers the real property used as collateral for the note. It is notarized and recorded with the county in which the property is located. Once recorded, it secures an interest in, or lien against, the property. In title theory states, a mortgage is used and it conveys ownership to the lender. A clause in the mortgage provides that title reverts back to the borrower when the loan is paid. In lien theory states, the mortgage creates a lien only on the property and the title remains with the borrower. The lien is removed when all the payments have been made. With a Deed of Trust there are three parties involved; the Trustor (borrower), the Beneficiary (lender or note holder), and the Trustee (third party holding title to the property, normally a title company or attorney). With a mortgage document, there are only two parties involved, the borrower and the lender. With a Deed of Trust, the borrower conveys title to a trustee who will hold title to the property for the benefit of the lender. The title remains in trust until the loan is paid. Certain language is vital in a security instrument. When reviewing, look for the following terms: Due on Sale Clause: This clause allows the (note holder, lender, etc.) to...
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...The Thai rice mortgage scheme continues to receive a fair amount of media bashing even after completing its one-year anniversary on 7 October 2012. The debate on its impacts on Thailand and the rest of the world continues to take center stage at a majority of rice conferences in the region. The media and rice gurus have all ganged up on this scheme because nobody expected this from Thailand. This is the country that remained open for business during the 2007 rice crisis when India and Vietnam banned exports and provided some stability to a market that was chaotic and getting out of control. Despite all the negative publicity and criticism, Thai policymakers remain unruffled and publicly vow to continue with the program. Questions come to mind: Is this the only country with such a program? Does it really create so much uncertainty in the global rice market? To answer the first question, let me say that Thailand is not the only country with a price support program. As a matter of fact, most of the rice-growing countries in Asia have some form of price support program for farmers. These have different names and somewhat different operational mechanisms but all of them are designed to provide a guaranteed floor price for farmers. The only difference is that some countries religiously implement these programs and procure all the rice offered by farmers at the announced support price whereas others procure only the amount needed for a strategic reserve. The critical aspect of these...
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...craiglist, eBay, etc.. 4. Edit videos and pictures for professional exposure 5. Spinner: gather information and change the words around to be a new and unique blog, story, definition, and topics. 6. Graphic design for flyers and other pieces of marketing Search online to create the following blogs: 5. Financial Programs for first time buyers 6. Financial programs for 2nd home owners/Do you need 20% down payment to buy your second house? 7. Tax benefit on owning real estate 8. How to create wealth with real estate 9. What’s an escrow and what is their responsibilities when you are in a transaction 10. Other topics relating to real estate 11. What professional expert are talking about. 12. What’s a trust? 13. What is mortgage insurance? 14. Market conditions & statistics La County riverside & San Bernardino? 15. 5 thing not to do when buying a house. 16. 10 thing to improve the value of your home 17. 5 things you need to do before you buy 18. 10 items you need to buy a home why does escrow fall out how long is an escrow How to avoid probate 19. What is a probate sale? 20. The risk of selling on your own vs selling with a real estate professional 21. What’s a title company? And what does it do in a real estate...
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...MORTGAGE A Mortgage is defined as a debt instrument, secured by the collateral of specified real estate property, that the borrower is obliged to pay back with a predetermined set of payments. Mortgages are used by individuals and businesses wishing to make large value purchases of real estate without paying the entire value of the purchase up front. Mortgages are also known as liens against property, or claims on property. It can be further described as the debt instrument giving conditional ownership of an asset, secured by the asset being financed. The borrower gives the lender a mortgage in exchange for the right to use the property while the mortgage is in effect, and agrees to make regular payments of principal and interest. The mortgage lien is the lender's security interest and is recorded in title documents in public land records. The lien is removed when the debt is paid in full. A mortgage normally involves real estate and is a long-term debt, normally 25 to 30 years, but can be written for much shorter periods. Originally written exclusively as fixed-rate fully amortizing loans, mortgages have evolved into more flexible contracts. Since the mid-1970s, the financial industry's funding sources have become more volatile and market sensitive, and legislation and regulation have relaxed the prohibitions on alternative types of mortgage financing, such as variable rate and adjustable rate mortgages. Recent innovations in packaging of mortgage loans for resale in the...
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...Real Estate Notes for Test 3 Ch. 9 Mortgage Theory & Law Key Terms 1 mortgage 2mortgagor (borrower) 3mortgagee 4trustee 5Deed of Trust title *regular, 2 Lien *Deed of trust, 3 *promissory • release of lien, deed of trust • default • trustee, lender *21 *acceleration *alienation *property taxes *deficiency • 7 2. deed in lieu of foreclosure • deliquent judicial 3rd party trustee Non- Judicial 1. Use trustees 2. less expensive 3. trustee system 4. more common in TX 5. Less expensive to lenders 6. should result in lower rates the last two blanks are to be kept blank Ch 10 Lending Practices • • • • • • **** • • * * * * *** • Taxible Income • Income, Higher Ch 11 The Loan & The Consumer • Federal Housing, National Housing Lender, Insurer • Construction, Lender • 97%, 3% • 1.5, 2.25%, upfront mortgage insurance premium • ½ • 5%, 95% • 20% • 1%, 1% • 80% • Sub-Prime, Foreclosure Truth in Lending • Financed • The total charges related to financing 1. Amount Financed 2. Finance Charge (Interest) 3. APR 4. Total Payments Regulation Z • Trigger • Five Examples: 5%, $500 down, 90% financing Example: Only $600 a month Example: Only 60 easy payments Example: Easy 15 year term Example: We will finance for only $500 Five 1. Cash price of loan 2. Amount of down payment 3. Number amount...
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...Active use of the Internet and participation in social media groups have been recognized as by the US Congress as powerful means of helping people to avoid being victimized by advance fee loan scams and other types of financial fraud. Social media is a powerful force, reaching millions of people. The user-friendly design of the major social networking groups encourages users from all age groups and skill sets to communicate and to share information. That is exactly why social media has attracted the attention of government officials and consumer advocate organizations as a tool in the fight against advance fee loan scams. Knowledge is the best protection a person has against this type of financial predator. Social media plays two very important roles in raising public awareness by helping spread loan scam knowledge far and wide. Advance fee loan scams, as recently reported by DirectLendingSolutions.com, continue to evolve, shifting their form, gathering a phony aura of legitimacy from what is in the public eye. When the government got involved in trying to help ease the foreclosure crisis, for example, advance fee loan modification scams began to proliferate. The site has been publishing people's loan scam experiences since 2007, and reading those first hand experiences clearly demonstrates that despite shifts in form and detail, the fundamental structure of an advance fee loan scam remains the same. These sorts of scams have become a financial industry scourge, moving government...
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...similarities and differences in pricing for each home. 6.Select the home that you will purchase and explain the reasoning behind your selection. Assume that at least a 20% down payment is required. How much money would you need to have saved? After the down payment, what would be the purchase price of the home? 7.Assume the following: •Closing costs (including all potential loan origination, title, and closing fees) are $3,500. •You have been approved for a 30-year fixed-rate mortgage note at a rate of 5.0%. Calculate the monthly payment for this loan. (It is recommended that you show your calculation.) 8.Using your textbook readings this week as a resource, and based upon your monthly gross income and current additional debt payments, perform the calculations below (it is recommended that you show your calculations). •Your affordable monthly mortgage payment (assume your lender uses a guideline of 33% for monthly gross income or 38% if you have other debt payment obligations) •Your affordable mortgage amount (meaning the amount that can be financed; assume the loan terms under #7b) •Your affordable home purchase price (assume a 20% down payment). Compare these calculations to the previous data under #6...
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...Memo To: Head Accountant of Tyler Corporation From: xxxx, Assistant Accountant of Tyler Corporation Date: January 15, 2011 Re: Classification of Note Payable on the December 31, 2010 Balance Sheet After checking the Generally Accepted Accounting Principles, I want to explain how to classify the $100,000 note payable on the December 31, 2010 balance sheet. According to Accounting Standard Codification 470-10-45-14, “A short-term obligation shall be excluded from current liabilities if the entity intends to refinance the obligation on a long-term basis”, and “After the date of an entity's balance sheet but before that balance sheet is issued or is available to be issued, a long-term obligation or equity securities have been issued for the purpose of refinancing the short-term obligation on a long-term basis. If equity securities have been issued, the short-term obligation, although excluded from current liabilities, shall not be included in owners' equity.” Tyler Corporation has the same situation above. On January 5, 2011, Tyler Corporation sold 2,000 shares of its $10 par common stock for $80,000. It intends to use these plus $20,000 cash on hand to repay the note payable on March 6. Therefore, the company should get $80,000 common stock out of owner’s equity and report the $80,000 as note payable in long-term liabilities on the December 31, 2010 balance sheet. For the $20,000 cash on hand, the company should report it as note payable in current liabilities on...
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...HSBC’s Mortgage Lending Decisions and the Big Melt It isn’t often that the American financial system, and its world counterpart, has a near- death experience. The last time was the 1930s. Beginning in 2007 and extending through 2009, American and global financial systems failed, melted down, and were rescued only by concerted central bank interventions in all the major industrial countries. The United States directly invested about 1 trillion dollars in U. S. financial institutions, and guaran-teed an estimated $ 14 trillion dollars in private debt. The complete history of this period has not been written. Many causes, involving many different actors, have been identified. Some have likened the big melt to a “ perfect storm” where a number of storm systems just happened to combine to form a much larger, lethal storm. But one cause was the failure of decision- making models, both the model builders and the financial man-agers who relied on those models. One of the major players in this crisis was HSBC Holdings PLC, the third largest bank in the world based on market value, and the largest bank in Europe. In the financial meltdown of 2008— 2009, HSBC joined the other major money center banks in a collective failure. HSBC weathered the turmoil in the financial markets better than most of its rivals, mainly because it had profited from continuing growth in Asia, where it generates about 65 percent of its pretax profit. But the company’s stock prices have fallen by half from their...
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...Warm Up Exercises E2–1 What does it mean to say that individuals as a group are net suppliers of funds for financial institutions? For financial institutions, the key suppliers of funds and the key demanders of funds are individuals, businesses, and governments. The savings that individual consumers place in financial institutions provide these institutions with a large portion of their funds. Individuals not only supply funds to financial institutions but also demand funds from them in the form of loans. However, individuals as a group are the net suppliers for financial institutions: They save more money than they borrow. What do you think the consequences might be in financial markets if individuals consumed more of their incomes and thereby reduced the supply of funds available to financial institutions? If individuals consumed more financial institutions would have less to invest in the economy. Lack of investment in the economy could lead to loss of jobs and much needed investment into businesses and infrastructure. E2–2 You are the chief financial officer (CFO) of Gaga Enterprises, an edgy fashion design firm. Your firm needs $10 million to expand production. How do you think the process of raising this money will vary if you raise it with the help of a financial institution versus raising it directly in the financial markets? As a CFO if I raise the money with the help of a financial institution I will be in a better position to get...
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...Final Project: A New House – Decision XECO 212 Week 9 7/21/11 Seffan Bune Home ownership is considered by many as the pinnacle of the American dream, a two car garage, white picket fence, and nice backyard for those projects that are somehow always nearly completed. This is what we have been told is the major leap into adulthood and makes you one of the high caliber Americans who can claim that their home is their castle, but is this still true in this country? With the financial downturn and the home foreclosures at a all time high, nearly every block I see has a home for sale at reduced price so how does this milestone still hold up to scrutiny and how can this generation still reach for that goalpost of what is considered the standard of the happy nuclear family? The decision to purchase a home is the major point in an American life and it is a decision that should not be taken lightly because if not done correctly and with a plan on how to sustain the purchase that is not solid the consequences could be dire. After taking this course I have found out that there are methods and concepts that if implemented correctly the idea of owning a home is still within grasp of many of us but there are many things that need to be weighed before pulling the trigger on such a large and momentous decision. First are the ten principles of economics which I will go into more detail later on that are crucial to making a large purchase be it a home, car, or any other large ticket item...
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