Term Paper on "Fixing the Mortgage Market"
Term Paper 3 pages (1069 words) Sources: 3
[EXCERPT] . . . .
Fixing the Mortgage MarketOver the last decade the U.S. housing market has been on a tremendous rollercoaster ride. Where, prices were at all time highs and lending standards were easy. Then, the inventible collapse came; that was accompanied by a financial crisis that was not seen since the Great Depression. An example as to how extreme the current economic situation became is with the total number of foreclosures in 2009. Where, Realty Track found that foreclosures hit an all time high during that year, coming in at 2.8 million. This is a 120% increase in the total amount of foreclosures since 2007. With Realty Track CEO James Saccacio saying, "A massive supply of delinquent loans continues to loom over the housing market, and many of those delinquencies will end up in the foreclosure process in 2010." ("Record Number of Foreclosures in 2009") This is significant because it underscores the overall scope of the problem that various federal and state bailout programs are facing. As the overall supply and fear among lenders is mitigating any kind of homeowner relief programs. To rectify this situation requires altering the approach that is being used. Two ways that this can be accomplished is through increased amounts of homeowner education and higher standards of ethics / professionalism within the real estate industry. Together, these two elements will provide the greatest insights as to how you can improve the various federal and state homeowner assistance programs.
Educating Homebuyers
One of the biggest issues that many homebuyers faced during the housing boom was a variety of different mortgages to choose from. In many cases, the traditional lendi
download full paper ⤓
Higher Standards of Ethics / Professionalism with the Real Estate Industry… READ MORE
Quoted Instructions for "Fixing the Mortgage Market" Assignment:
Term Paper
All students are required to discuss, in writing, the current economic situation in the financial markets with particularly emphasis on the real estate mortgage industry.
By now, most of us are familiar with how we got into this mess (if not at the start of the class, certainly midway through) low qualifying standards, no income documentation, hedge funds in the secondary market, interest only products and ridiculous adjustable rate loans.
Currently there are a number of suggestions to remedy the situation; rather than discussing *****bail outs***** and other inflammatory issues before Congress, you are asked to make recommendations of structural changes that could be made to improve the mortgage market, for example: the role of FHA and DVA, Secondary Mortgage players (Fannie Mae and *****e Mac), the regulations and licensing of loan brokers and mortgage bankers as well as the loan products themselves. Students are reminded that any measure to make lending more conservative will also make it more difficult for first time home buyers to purchase*****¦this issue needs to be addressed as well.
Students will be graded based on their understanding of the problem and the creativity of their recommendations. While constructive editorializing of current proposals might be helpful, students are cautioned that this paper should not be a *****"rant*****" on the current situation (*****shooting members of Congress***** as a former student proposed, is not a solution) is not constructive to seeking a solution. A superior paper will document suggestions with other qualified opinions, taking a careful effort to properly document their sources. Such documentation may be casually done following a statement such as (The Monster that Ate Wall Street, Matthew Philips, Newsweek, Sept. 27, 2008). Remember, plagiarism can result in a failing grade!
Please emphasize these two suggestions for fixing the mortgage market for the paper;
1) Educate Buyers - give additional discounts to home buyers who take a class on home ownership that focuses on finance.
2) Hold industry professionals such as loan brokers and mortgage bankers to higher standards.
I will be sending to resources for this paper. Please use a 3rd resource to further strengthen the points to support the paper. *****
How to Reference "Fixing the Mortgage Market" Term Paper in a Bibliography
“Fixing the Mortgage Market.” A1-TermPaper.com, 2010, https://www.a1-termpaper.com/topics/essay/fixing-mortgage-market/550841. Accessed 4 Oct 2024.
Related Term Papers:
Prediction of the Housing Value in Beverly Hills Los Angeles Term Paper
Bev Hill Real Estate
Beverly Hills Real Estate: Reasons to Delay Investment in 90210
The recent global recession was felt especially severely in the United States, where the bursting of… read more
Term Paper 4 pages (1161 words) Sources: 4 Topic: Urban Studies / City Planning / Housing
Real Estate in Greece Research Proposal
Real Estate in Greece
The work of Costa Siomopoulos entitled: "Fast Growth for Greek Real Estate" state that over the past few years that there has been integration of real… read more
Research Proposal 20 pages (6076 words) Sources: 150 Style: Harvard Topic: Urban Studies / City Planning / Housing
Business Requirement Analysis Term Paper
Business Requirements Analysis for Long Beach Mortgage
The intent of this paper is to provide both the Business Requirements Analysis and use cases regarding the Broker Front Office Tool (BFOT)… read more
Term Paper 8 pages (2720 words) Sources: 1+ Topic: Business / Corporations / E-commerce
Executives Salaries Are They to High Thesis
Executive Salaries
With the current financial crisis and intense controversy over government bailouts of floundering companies, the question of executive compensation has again come to the fore of business discourse.… read more
Thesis 10 pages (3105 words) Sources: 11 Style: MLA Topic: Economics / Finance / Banking
Entrepreneurs Unusual Tactic Buying Up Homes Term Paper
Entrepreneurs' unusual tactic: Buying up homes by hundreds" is an interesting look at an investment scheme that not too many companies have attempted. From a financial management standpoint, it seems… read more
Term Paper 1 pages (326 words) Sources: 0 Topic: Economics / Finance / Banking
Fri, Oct 4, 2024
If you don't see the paper you need, we will write it for you!
We can write a new, 100% unique paper!