...There were illegal actions that took place on the borrower’s behalf falsifying documents and pure ignorance is the reason for my position. Mortgage fraud has been on the rise since 2009, the FBI investigated 67,190 mortgage fraud cases, and in just the first two months of 2010 had 29,780 cases on the books. Estimated annual losses attributed to mortgage fraud range from $4 to $6 billion. Mortgage fraud not only affects financial institutions—it can affect home owners, buyers, and sellers as well as entire neighborhoods. There are several different types of mortgage fraud… * Equity skimming: An investor obtains a mortgage by falsifying income documents and credit reports of a straw buyer (someone who falsely represents themselves). After closing, the straw buyer signs the property over to the investor in a quit claim deed. The investor does not make any mortgage payments and rents the property until foreclosure takes place. * Property flipping: Property flipping in itself is legal. Where the mortgage fraud comes into play is through falsely appraising the property for a high value and then quickly selling it, often multiple times. This scheme usually involves fraudulent appraisals, doctored loan documentation, and kickbacks to buyers or others involved. * Predatory lending: This typically affects senior citizens, lower-income individuals, and credit-challenged borrowers. Predatory lenders charge borrowers exorbitant fees or higher interest rates, which often result in...
Words: 308 - Pages: 2
...There were illegal actions that took place on the borrower’s behalf falsifying documents and pure ignorance is the reason for my position. Mortgage fraud has been on the rise since 2009, the FBI investigated 67,190 mortgage fraud cases, and in just the first two months of 2010 had 29,780 cases on the books. Estimated annual losses attributed to mortgage fraud range from $4 to $6 billion. Mortgage fraud not only affects financial institutions—it can affect home owners, buyers, and sellers as well as entire neighborhoods. There are several different types of mortgage fraud… * Equity skimming: An investor obtains a mortgage by falsifying income documents and credit reports of a straw buyer (someone who falsely represents themselves). After closing, the straw buyer signs the property over to the investor in a quit claim deed. The investor does not make any mortgage payments and rents the property until foreclosure takes place. * Property flipping: Property flipping in itself is legal. Where the mortgage fraud comes into play is through falsely appraising the property for a high value and then quickly selling it, often multiple times. This scheme usually involves fraudulent appraisals, doctored loan documentation, and kickbacks to buyers or others involved. * Predatory lending: This typically affects senior citizens, lower-income individuals, and credit-challenged borrowers. Predatory lenders charge borrowers exorbitant fees or higher interest rates, which often result...
Words: 635 - Pages: 3
...Spencer Crane Fin 3351 December 5, 2013 The House of Cards Crisis The political and economic environment described in the House of Cards video is characterized by events leading up to the financial crisis the United States experienced in in the early 2000s. The crisis is credited to events such as, the burst of the Dot Com Bubble, which lead to a market crash that put the American economy in a recession; and the controversy that surrounded Government Sponsored Enterprises, which lead the American people to lose trust in it’s government’s financial institutes. However, people such as, Ben Bernanke and Alan Greenspan have helped the United States recover from this crisis by implementing new guidelines for the financial market. According to Cashzilla.com, the Internet bubble described in summary was “a rapid rise in equity markets fueled by investments in Internet-based companies. During the dot com bubble of the late 1990s, the value of equity markets grew exponentially, with the technology-dominated Nasdaq index rising from under 1,000 to 5,000 between 1995 and 2000.” Basically, investors started inserting a vast amount of their money into these internet-based companies, which in turn caused the stock market to rise dramatically. “The approach of rapidly growing customer bases before making any real profit was the first mistake”(Dot-Com Bubble: Explained). These Internet companies were running their businesses off of investor’s money and not from real profit, consequently...
Words: 1000 - Pages: 4
...Brooklyn nine nine House of Cards The big bang theory American Horror Story The walking dead Game of thrones Modern family Silicon valley Brooklyn nine nine House of Cards The big bang theory American Horror Story The walking dead Game of thrones Modern family Silicon valley Brooklyn nine nine House of Cards The big bang theory American Horror Story The walking dead Game of thrones Modern family Silicon valley Brooklyn nine nine House of Cards The big bang theory American Horror Story The walking dead Game of thrones Modern family Silicon valley Brooklyn nine nine House of Cards The big bang theory American Horror Story The walking dead Game of thrones Modern family Silicon valley Brooklyn nine nine House of Cards The big bang theory American Horror Story The walking dead Game of thrones Modern family Silicon valley Brooklyn nine nine House of Cards The big bang theory American Horror Story The walking dead Game of thrones Modern family Silicon valley Brooklyn nine nine House of Cards The big bang theory American Horror Story The walking dead Game of thrones Modern family Silicon valley Brooklyn nine nine House of Cards The big bang theory American Horror Story The walking dead Game of thrones Modern family Silicon valley Brooklyn nine nine House of Cards The big bang theory American Horror Story The walking dead Game of thrones Modern family Silicon valley Brooklyn nine nine House of Cards The big bang...
Words: 1772 - Pages: 8
...production of House of Cards. http://en.wikipedia.org/wiki/House_of_Cards_%28U.S._TV_series%29 http://www.nytimes.com/2013/02/25/business/media/for-house-of-cards-using-big-data-to-guarantee-its-popularity.html?pagewanted=all&_r=0 http://www.ukessays.com/essays/marketing/netflix-case-analysis-marketing-essay.php http://www.fastcodesign.com/1671893/the-secret-sauce-behind-netflixs-hit-house-of-cards-big-data [pic] According to lots of observation and information, this TV series was produced on the basis of big data. In this presentation, we can comprehend big data as internal secondary data. It’s risky to start the production of House of Cards, because its budget is high( 50 millions dollars), and it really focus on some sensitive issues. Right now, this series, directed by David Fincher, starring Kevin Spacey and based on a popular British series, is already the most streamed piece of content in the United States and 40 other countries, according to Netflix. But it’s a not surprise to anyone in Netflix, because they had predicted a big success for House of Cards after making good use of their secondary internal data. In our presentation, we can cover all the concepts in our parts by explaining how House of Cards is produced. The data Netflix wants to use is the data of Netflix’s subscribers. This data comes from Netflix itself, so it must be internal. Also, it’s gathered for the collection of customer information, not specifically for deciding if House of Cards will succeed...
Words: 570 - Pages: 3
...value at the end of the game. On your turn, spin the wheel. (If the spinner arm stops between numbers, spin again.) Then move your car the number of spaces on the spinner. Carefully remove the LIFE Tiles from the cardboard sheet. Place the LIFE Tiles LIFE-side-up near the gameboard and mix them up. Draw 4 tiles and, without looking at the message on the back, stack them LIFE-side-up at Millionaire Estates. The remaining tiles form the draw pile. Always move your car forward, in the direction of the arrows. (Just as in real life, you can’ go back in time!) If you t land on an occupied space, move ahead to the next open space. Follow the space directions. This ends your turn. CARDS Your first turn is an exception. See GETTING STARTED. Separate the cards into 4 decks: Career Cards, Salary Cards, House Deeds and Stocks. Place each deck facedown near the gameboard. GETTING STARTED On your first turn, decide either to start a career, or to start college. INSURANCE POLICIES & BANK LOANS College offers more career and salary options, but it takes time-and it puts you in debt! Separate the Automobile Insurance Policies, Homeowner’ Insurance s Policies and Bank Loans. Place each pile near the gameboard. START CAREER If you decide to start a career, place your car on the S A T CAREER TR space, then do the folIowing: MONEY Choose one player to be the banker. This player is in charge of all money paid to and from the bank. Draw a Career...
Words: 2044 - Pages: 9
...In this scenario of the Texas Hold'em game, I have a six of diamonds and a seven of diamonds dealt as face-down cards. On the table, face up, the 3(three) of diamonds, the 4 (four) of clubs, 9( nine) of spades and the 10 (ten) of diamonds have been dealt. My opponent has revealed their two cards; they are the 10 of clubs and the 10 of spades. We both have bet $24,000 and my opponent has just raised by $10,000. In deciding whether I should call the bet or fold, I will need to look at the likelihood of getting a better hand than my opponent. There are 52 cards in a deck and seven have already been dealt. My opponent currently has three of a kind. The simplest way for me to beat that hand is to get a straight. In order to achieve this, the one of the final two community cards needs to be an eight. No eight has been dealt. The odds of an eight being dealt are 4 in 45 and 4 in 44, respectively over the next two community cards. Overall, the odds of this occurring is 1 in 11.125, an 8.99% chance. This will allow me to beat my opponent’s three of a kind. However, I have the potential for an even better hand. Currently, I have two diamond cards and there are two diamond cards within the community cards. One more diamond card and I would have a Flush, which is one hand better than a straight and two hands better than a three of a kind. There are a total of 13 diamond cards. Four have been dealt, leaving 9. The odds that they are dealt are 9 in 45 and 9 in 44. That is 9 in 44.5, or a...
Words: 568 - Pages: 3
...Wiki edit Title edit Send gifts to Nepal including flower bouquets, cakes, chocolates, watches, sweets, sarees, electronics, house-hold items and much more through MUNCHA.COM Description edit www.muncha.com is modeled after a regular departmental store “Muncha House”. Muncha House originated at Balkumari, Ason and went by the name of Moti Man Ratna Man back then. It was only after the shop moved to New Road in the 1930s that it came to be known by the name of Muncha House, a name it has retained to this day. Muncha House is one of the oldest and leading departmental stores in Nepal, located in New Road, the heart of the capital. It has served its customers consistently for over eight decades by retailing, wholesaling and also supplying business organizations with their daily necessities. With the sole motto of reaching out extensively to its customers around the globe, Muncha House has launched Muncha Internet Ventures through which www.munchahouse.com was started. This was done taking in view the advent of the internet which raised the possibility of serving the Nepalese people in ways which were before thought of to be impossible. In the long run, we have changed to “MUNCHA.COM” for brevity reasons, but our services remain the same and we always strive to improve our services to our valued customers. In order to extend services, Muncha Internet Ventures has recently registered a company in Texas, USA under the name of Muncha LLC. To service clients in the US, a toll...
Words: 974 - Pages: 4
...other people’s information and use the information to apply for credit cards and loans. The different types of information taken from victims can be: bank statements, copies of credit applications, lost or stolen credit cards, physician statements. Identity thieves will impersonate as representatives of government agencies, banks, and even internet service providers to collect social security number, passwords, mother’s maiden names, financial information, and other identifying information. Imposters will use different ways to acquire identity from victims through stealing wallets and purses which contain identification and bank cards. Also imposters will steal mail, which include those annoying preapproved credit offers, bank statements, tax information. Identity theft is serious as any major crimes it has caused people to commit suicide because of the stress and hardship that an individual endures. Identity theft can affect a person a week or even years of hardship and stress. I personally was a victim of identity theft on 2006 resulting in months of hardship and stress. On June 18, 2006 my family and I took a vacation to Philippines for a month and left our house with my brother to look after. As we were enjoying our vacation within two weeks I received a call from my brother stating that the house flooded with sewer, the cause of the flooding is due to the roots from our tree that was in front of our house to break the sewer line which caused the sewage to spill out from the...
Words: 1047 - Pages: 5
...problem associated with billing consumer living in isolated area and reduces deployment of manpower for taking meter readings. Every consumer can buy a memory card (is nothing but an EEPROM IC) with a password stored inside it using a MC program. The memory card is available at various ranges (ie. Rs 50, Rs 100, Rs 200 etc).In our project we have given the name for memory card as smart card. When the consumer insert a smart card into the card reader which is connected kit.Then the card reader will read the stored information and delete the information from the EEPROM IC(smart card) using the MC program. So that the smart card cannot be reused by others. Suppose if a consumer buy a card for Rs.50/- he / she can insert this amount through the card reader so that prepaid energy meter with tariff indicator kit will be activated. According to the power consumption the amount will be reduced. When the amount is over, the relay will automatically shutdown the whole system. In our project we also have a provision to give an alarm sound to consumer before the whole amount is reduced. You can also find the Card programmer circuit and program from the download. So that you can easily create your own cards. Here's the procedure to create the cards. How to program a new card. For making a unit price card for Rs 2.50 1. Insert the card into the Programmer 2. Dial 1*0250# The format is 1 for unit price * for start process - Higher digit of the unit price - lower digot of the unit price...
Words: 2185 - Pages: 9
...naturally by making new organizations in house or by obtaining contenders or organizations in the new business. On the off chance that the organization chooses to broaden naturally in house, the organization will need to contract the administration group and specialists that have the experience. 2. Define diversification and its necessity in risk management. Diversification is a corporate system that an organization uses to enter an industry or market that is not quite the same as the center business. There are four purposes behind broadening, for example, (1) diminishing a business' dependence on one or a little number of pay sources, (2) wipes out cyclical and occasional item vacillations by making products and administrations focused around an alternate interest cycle, (3) receiving a higher development rate, and (4) entering a contender's center business .Diversification is a risk management technique. 3. Discuss at least 5 steps to diversify the card business. (1) The organization will get financing by one of the 6 alternatives recorded underneath. (2) The organization will procure programming designers to make the custom programming in house. (3) Also, the organization will have in house client administration delegates to give backing to welcome card training clients. (4) The organization will create welcome card programming. The product will be sold in stores, which will incorporate the welcome card supplies to make 50 welcome cards. Keeping in mind the end goal to expand...
Words: 1490 - Pages: 6
...Paper on Business Intelligence (BI) Index of Topics covered 1 What is BI 2 Applications of BI 3 Common Functions of BI 4 Requirement & Challenges of BI Implementation 5 Best Practices of BI 6 Case Study 7 Conclusion What is BI: BI is a broad category of applications and technology for gathering, storing and providing access to data to help enterprises make better decisions. It can provide information of various “Information Assets” in an organization and how they interact with each other. These assets include Customer Databases, SCM Information, Personnel data, Manufacturing, Sales & Marketing Activity. Applications of BI: BI can be applied to MARCKM * Measurement - performance metrics, benchmarking etc., * Analytics - data mining, process mining, predictive modeling * Reporting - Data visualization, Executive Information System * Collaboraton - Data sharing & Electronic Data Interchange. * Knowledge Management - This leads to regulatory compliance and learning management The term was used by Gartner group in 1996, “..... Data analysis, reporting and query tools can help business users wade through a sea of data to synthesize valuable information from it - which today collectively fall into a category of BI.” Common Functions & Requirements of BI Common functions of BI are reporting, analytics, data mining, process mining, complex event processing and predictive analysis. Requirement &...
Words: 1444 - Pages: 6
...(ATM) is a computerized telecommunication device that provides a financial institution’s customers with a method of financial transaction in a public space without a need for a human clerk or a bank teller. Debit card: A debit card is a plastic card which provides an alternative payment method to cash. While making purchases. The amount of a transaction is typically displayed on a card reader, after which the customer swipes the card and enters the pin number. There is usually a short delay while the EFTPOS (electronic fund transfer at point of sale) terminal contact the computer network (over a phone line and mobile connection) to verify the authorize the transaction. Credit card: A credit card is a system of payment named after the small plastic card issued to users of the system. A credit card is different from a debit card in that it does not remove money from the user’s account after every transaction. In the case of credit card the issuer lends money to the customer. It is also different from a charge card though this name is sometimes used by the public to describe credit cards. This requires the balance to be paid in full each month. In contrast the credit card allows the customer to revolve their balance at the cost of having interest charged. Credit card facility fully can not be extended in the country, as common gateway between financial institutions can not be established. Pricing...
Words: 1146 - Pages: 5
...250 WORDS ANWSERS FOR EACH QUESTION 1. According to Delfabbro (2009) games of chance can be classified across four dimensions. Explain one of these dimensions and identify a form of gambling at each extreme point of this dimension. Delfabbro(2009) has mentioned that locational characteristics is also influences the nature of gambling activities such as whether they can play at home, alone, a groups, at casino, or can be on telephone and on internet. Besides, the locational characteristics of gambling play a significant role in people’s choice of gambling activity (Productivity Commission, 1999). Different venue can also affect social relationships, and environmental air at the scene of gambling activities. Players prefer to engage in lively environment, casino, race track, where the player can easily interact with the host and other players. Bustling atmosphere can create more dynamic, stimulating players more involved. (Charlotte Fabiansson, 2010) But in addition, with today's modern technology, players can easily participate in gambling activities such as betting at the races at home without directly by phone and internet. (Richard McGowan, 2008) Today, with modern technology, the gambling the phone and internet gambling is increasing because of the rapid, convenient, time-saving to the player. Players just sit at home and can be able to communicate, bet with friends and other players around the world with the click or one phone call. Casino host also can create online...
Words: 3159 - Pages: 13
...American politics in different media An essay written by Emil Holte. As the headline articulates this essay would be about American politics in different medias. This essay will discuss the representation of American politics in three different medias. The media consists of books, TV-series and Cartoons. To be more specific it is, America – A Citizen’s Guide to Democracy Inaction (chapter 6), House of Cards and a cartoon with Obama and Romney. These three medias do all somehow have a common representation of American politics or American politicians. What do they have in common and where do they differentiate from each other? The common thing all three different medias are representing is the overall opinion of the American politician and American politics in general. The book, America – A Citizen’s Guide to Democracy Inaction (chapter 6), is deeper in the “theoretical” aspect than the other two. But you should not be fooled by the word theoretical. The book does describe the American politics and the politicians, but it is in a very informal and sarcastic approach. The sixth chapter describes campaigns and elections and therefore also how the American politician acts. It tells basic facts about American politics but with a twist of a subjective and sarcastically opinion. As an example “Initially, the process of conducting campaigns and holding elections was conceived as a means to an end – the peaceful transfer of power.”. Later on in the same passage “Today, running for...
Words: 943 - Pages: 4
