Rubicon Mortgage Advisors‚ LLC is currently licensed to operate in five states‚ with the corporate office located in Edina‚ Minnesota. Rubicon Mortgage Advisors‚ LLC was formed June 26‚ 2006 in the State of Minnesota and became licensed as a money broker in the State of North Dakota on April 7‚ 2011. The Licensee has two North Dakota branch offices located in Bismarck and Grand Forks. The Bismarck‚ North Dakota office employs three Mortgage Loan Originators Wyatt Pollert‚ Jill Krueger and Nate Watson
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Case Summary for Capital Mortgage Insurance Corporation Overview The president and senior vice president of Capital Mortgage Insurance Corporation (CMI) hope to acquire Corporate Transfer Services (CTS). Currently‚ CMI is a business that sells mortgage insurance to banks and other mortgage lenders. However‚ executives at CMI desire to expand their business into the real estate relocation industry. Essentially‚ this industry works to assist employees who have been transferred to a new city as
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A Markov Chain Study on Mortgage Loan Default Stages Ying-Shing Lin‚ PhD Associate Professor‚ Dept. of Accounting Information Systems. National Kaohsiung First University of Science and Technology e-mail:yslin@nkfust.edu.tw (NKFUST) Sheng-Jung Li‚ PhD Assistant Professor‚ Dept. of Finance Shu-Te University e-mail:botato@stu.edu.tw Shenn-Wen Lin PhD Candidate National Kaohsiung First University of Science and Technology e-mail:059180@landbank.com.tw September‚ 2012 Abstract Shifting
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Mortgage Servicer Needs Assessment For McBride Financial Services Mitchell Chong March 18‚ 2013 CIS/568 Saundra McDavid CONTENTS Purpose of Document 3 Overview 4 Needs Elicitation 5 Needs Description 7 Gap Analysis 9 Use Cases 10 References 11 Purpose of Document According to McBride Financial Services (2011)‚ their mission statement states “McBride Financial Services will be the preeminent provider of low cost mortgage services using state of the art technology in the five state
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Michigan‚ New Mexico‚ or Utah that secures a window- period mortgage loan and except in the circumstances below as described in the FNMA servicing guide: 1. any fixed-rate whole first-lien mortgage loan‚ if the purchase of the Property is financed by obtaining a wraparound or second-lien mortgage loan from an institutional lender (regardless of the date of the commitment under which it was purchased); 2. any fixed-rate whole first-lien mortgage loan that Fannie Mae purchased under a commitment contract
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of the Federal National Mortgage Association‚ also abbreviated as FNMA. It is one of two of America’s largest mortgage companies‚ along with Freddie Mac (Federal Home Loan Mortgage Corporation – FHLMC).1 Fannie Mae guarantees and purchases loans from mortgage lenders to help ensure families can buy new homes or refinance.2 Fannie Mae was founded in 1938 as part of Franklin Delano Roosevelt’s New Deal during the Great Depression. As borrowers began to default on mortgages during the country’s major
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error of this significance be overlooked by experienced programmers who thoroughly reviewed and tested the new system? 2. 3. Is this an inadvertent error‚ or could it be a fraud? What-qpn be done to find the error in the program? lntroduction This chapter focuses on auditing an accounting information system (AIS). Audiring is the systematic process of obtaining and evaluating evidence regarding assertions about economic actions and events in order to determine how well they correspond
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HSBC’s Mortgage Lending Decisions: What went wrong? 1. What problem did HSBC face in this case? What people….. They came into problems during the global financial crisis because of heavy exposure in the subprime mortgage market. They bought subprime loans from other sources to increase its revenue. Many of these did not require any down payment‚ but were approved for risky borrowers with a poor credit history. Home values started to go down‚ interest rates were going up. Unfortunately‚ borrowers
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Subprime Mortgage Crisis ECO561 January 19‚ 2015 Subprime Mortgage Crisis Subprime mortgages are generally granted to borrowers who cannot obtain conventional mortgages due to insufficient or delinquent credit histories. These borrowers may be forced to take interest-only loan‚ which have lower monthly payment but are very difficult to pay off in the end. Problems with mortgage financing are the generally accepted cause of the financial meltdown that occurred between 2007 and 2008 (Gorton‚ 2009)
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DEPARTMENT OF ESTATE MANAGEMENT. ESM 314 – LAND LAW. DETERMINE WHETHER OR NOT AN INFANT CAN ENGAGE IN A VALID MORTGAGE TRANSACTION IN NIGERIA. 20TH MAY‚ 2011. CAN AN INFANT ENGAGE IN A VALID MORTGAGE TRANSACTION IN NIGERIA? Mortgage is the conveyance of title from the mortgagor to the mortgagee as a security in respect of a loan. An infant in legal terms is one who is of minor age (under 18 or 21 years) and cannot engage in a contractual agreement. The Land Use Act originated
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