Mortgage Essays (Examples)
Study Document
Enterprise Risk Management In Wells Fargo During The Pandemic
… as the risk can be transferred to a third party. Hazard risk in the financial industry in the past has been associated with mortgage backed securities and collateralized debt obligations and credit default swaps. The risk of writing loans to high-risk home buyers was mitigated so long … default swaps skyrocketed. Moral hazard came back to bite a number of high-profile banks that were left with millions if not billions in mortgage-backed securities for which…[break]…premium is determined by the market and is usually priced according to the volatility of the underlying. For very volatile stocks ……
References
References
Beasley, M. (2020). How to Leverage ERM Principles to Better Respond to COVID-19-Related Risks. ERM Professional Insights.
Derysh, I. (2020). Watchdog questions why Wells Fargo reported giving only one large PPP loan to a Black-owned business. Retrieved from https://www.salon.com/2020/07/22/watchdog-questions-why-wells-fargo-reported-giving-only-one-large-ppp-loan-to-a-black-owned-business/
English, C. (2020). Wells Fargo Forced to Cut Its Dividend After Fed Stress Test. Here’s What Other Banks Did. Retrieved from https://www.barrons.com/articles/wells-fargo-forced-to-cut-its-dividend-after-fed-stress-test-51593467664
Hall, J. (2007). Internal Auditing and ERM: Fitting in and Adding Value. Retrieved from https://global.theiia.org/about/about-the-iia/Public Documents/Sawyer_Award_2007.pdf
Kaplan, R. & Mikes, A. (2012). Managing risks: A new framework. Harvard Business Review, 3.
Lewis, M. (2010). The Big Short. NY: W. W. Norton.
Lundqvist, S. (2014). Abandoning Silos for Integration: Implementing Enterprise Risk Management and Risk Governance. Lund University.
Morgenson, G. (2020). More Wells Fargo customers say the bank decided to pause their mortgage payments without asking. Retrieved from https://www.nbcnews.com/business/personal-finance/more-wells-fargo-customers-say-bank-decided-pause-their-mortgage-n1234610
Study Document
SEC Enforcement Of Goldman Sachs And AIG
… charged by the SEC in 2010 with “Fraud In Connection With the Structuring and Marketing of a Synthetic CDO” from the 2007 subprime mortgage scandal at the heart of the financial crisis of 2007-2008 (SEC, 2010). The specific charge was that the bank and Tourre made material … obligation that the bank had structured, marketed and sold to investors. The synthetic CDOs were linked to the performance of the subprime housing mortgage market—i.e., the subprime mortgage-backed securities identified by Lewis (2010) as triggering the wave of financial distress that led to central banking intervention (unconventional monetary policy—also known as ……
References
References
Baer, J. (2014). Former Goldman Trader Tourre Won't Appeal Fraud Verdict. Retrieved from https://www.wsj.com/articles/former-goldman-trader-tourre-wont-seek-appeal-of-securities-fraud-verdict-1401221556
Huston, J. H., & Spencer, R. W. (2018). Quantitative easing and asset bubbles. Applied Economics Letters, 25(6), 369-374.
Lewis, M. (2010). The Big Short. NY: W. W. Norton.
McDonald, R., & Paulson, A. (2015). AIG in Hindsight. Journal of Economic Perspectives, 29(2), 81-106.
Murray, N., Manrai, A. K., & Manrai, L. A. (2018). The role of incentives/punishments, moral hazard, and conflicts of interests in the 2008 financial crisis. The bi-annual academic publication of Universidad ESAN, 22(43).
SEC. (2010). Litigation Release No. 21489 / April 16, 2010. Retrieved from https://www.sec.gov/litigation/litreleases/2010/lr21489.htm
Weisenthal, J. (2009). Goldman Sachs made billions shorting AIG. Retrieved from https://www.businessinsider.com/goldman-sachs-made-billions-shorting-aig-2009-3
Study Document
How Interest Rates Compare Over The Last Decade Within The United
… by the fact that different purchases, securities, and investments all have varying durations. A car loan can be 5 to 7 years, a mortgage may be 30 years, a certificate of deposit may be for 3 years, and so forth. A bank has the problem of matching … financial institutions, particular as it relates to interest rates. A typical example relates to banks having large amounts of long-term assets such as mortgages funded in large part by short term liabilities such as deposits or certificates of deposit. In the event of a rise in short ……
References
References
1. Goodhard, C and E Perotti, 2008 “Maturity mismatch stretching: Banking has taken a wrong turn”, CEPR Policy Insight 81, 6-July
2. Holston, Laubach, and Williams. 2017. “Measuring the Natural Rate of Interest: International Trends and Determinants,” Journal of International Economics 108, supplement 1 (May): S39–S75
3. Laubach and Williams. 2003. “Measuring the Natural Rate of Interest,” Review of Economics and Statistics 85, no.4 (November): 1063-70.
4. Rachel, L. and Smith, T.D., 2017. Are low real interest rates here to stay?. International Journal of Central Banking, 13(3), pp.1-42.
5. Schularick, M, and A M Taylor, (2009), “Credit Booms Gone Bust: Monetary Policy, Leverage Cycles and Financial Crises, 1870-2008”, NBER DP 15512
6. Stock, J.H. and Watson, M.W., 2007. Why has US inflation become harder to forecast?. Journal of Money, Credit and banking, 39, pp.3-33
Study Document
Analyzing Social Context
How Emotional Experiences are Influenced by One s Sense of Self
The interviewee was a mother, age 55, employee of a mortgage servicing company. Because of COVID 19, she has been stuck working from home, which is very challenging and frustrating for her as none ……
References
Works Cited
Goffman, Erving. “Tie Signs.”
Hochschild, Arlie. Managed Heart. University of California Press, 2012.
Katz, Jack. How Emotions Work. University of Chicago Press, 1999.
Study Document
The Phillips Cure And Unemployment
...Mortgage The Short-Run and Long-Run Relationship between Unemployment and Inflation
Introduction
Phillips observed a consistent inverse relationship between wage inflation and unemployment when he analyzed data from the UK spanning nearly a century from 1861 to 1957. The explanation Phillips gave was simple: the lower the unemployment rate, the more employers had to do to attract talent and raising wages was one of the primary ways to do just that (Wulwick, 1987). In a tight labor market, companies would race to quickly raise wages, and during periods of higher unemployment there would be less pressure to incentivize workers as the latter would consider themselves fortunate just to have a job. Since wages offered laborers are linked to prices businesses charge consumers (Lucas & Rapping, 1969), it was not long before economists applied the Phillips curve to inflation in general rather than to only wages. It became evident that monetary policy could……
References
References
Amadeo, K. (2019). Unemployment rate by year since 1929 compared to inflation and GDP. Retrieved from https://www.thebalance.com/unemployment-rate-by-year-3305506
FRED. (2019). FRED Graph. Retrieved from https://fred.stlouisfed.org/series/LNU04000024#0
Friedman, M. (1977). Nobel lecture: inflation and unemployment. Journal of political economy, 85(3), 451-472.
Heller, R. (2017). Monetary mischief and the debt trap. Cato Journal, 37(2), 247-261.
Lucas, R. E., & Rapping, L. A. (1969). Price expectations and the Phillips curve. The American Economic Review, 59(3), 342-350.
Stiglitz, J. (1997). Reflections on the natural rate hypothesis. Journal of Economic Perspectives, 11(1), 3-10.
Wulwick, N. J. (1987). The Phillips curve: which? whose? to do what? how?. Southern Economic Journal, 834-857.
Study Document
Can Aging Be Reversed
...Mortgage Can Aging be Reversed or Delayed?
Aging is a fact of nature. Everything ages and eventually dies. For people living today this is often a source of fear and anxiety because death, as Shakespeare pointed out, is the “undiscovered country from whose bourn no traveler returns”—in other words, the final point of life that so little is actually known about (Easwaran, 1996). People with faith in an afterlife tend to have less anxiety about death, but faith is not enjoyed by everyone (Alvarado, Templer, Bresler & Thomas-Dobson, 1995). Those who want to put off death as long as possible turn to de-aging techniques and strategies, hoping to delay the inevitable. This paper will discuss the reality of aging and address the assumptions that 1) Aging cannot be reversed; and 2) Aging can be delayed; however, the average person could not afford the cost of treatments to delay aging because one……
References
References
Alvarado, K. A., Templer, D. I., Bresler, C., & Thomas?Dobson, S. (1995). The relationship of religious variables to death depression and death anxiety. Journal of clinical psychology, 51(2), 202-204.
Drugs. (2019). Sprycel. Retrieved from https://www.drugs.com/price-guide/sprycel
Easwaran, E. (1996). The undiscovered country: Exploring the promise of death. Nilgiri Press.
Hashizume, O., Ohnishi, S., Mito, T., Shimizu, A., Ishikawa, K., Nakada, K., ... & Okita, K. (2015). Epigenetic regulation of the nuclear-coded GCAT and SHMT2 genes confers human age-associated mitochondrial respiration defects. Scientific reports, 5, 10434.
Liu, J., Yu, H., & Ning, X. (2006). Effect of quercetin on chronic enhancement of spatial learning and memory of mice. Science in China Series C: Life Sciences, 49(6), 583-590.
Mack, E. (2015). Researchers may have discovered fountain of youth by reversing aging in human cells. Retrieved from https://newatlas.com/reversal-of-aging-human-cell-lines/37721/
Quick, D. (2015). Senolytics: A new class of drugs with the potential to slow the aging process. Retrieved from https://newatlas.com/senolytics-drug-slow-aging/36472/
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