Ended December 31‚ 2006 Compared to Year Ended December 31‚ 2005 Increase (Decrease) Volume Rate Net (In Thousands) Interest-earning assets: Mortgage loans: One-to-four family Multi-family‚ commercial real estate and construction Consumer and other loans Mortgage-backed and other securities Federal funds sold and repurchase agreements Federal Home Loan Bank stock Total Interest-bearing liabilities: Savings Money market NOW and demand deposit Liquid CDs Certificates of deposit Borrowings Total Net
Premium Interest Mortgage loan Mortgage
analysis: d. serves as an initial evaluation of the adequacy of an investment’s expected cash flows. 6.Assume a retail shopping center can be purchased for $5.5 million. The center’s first year NOI is expected to be $489‚500. A $4‚000‚000 loan has been requested. The loan carries a 9.25 percent fixed contract rate‚ amortized monthly over 25 years with a 7-year term. What will be the property’s (annual) debt coverage ratio in the first year of operations? b. 1.19 7.Which of the following is not an operating
Premium Mortgage Mortgage loan
fees and illegal kickbacks between mortgage barrower‚ broker‚ and lender. Bettina J. Scheutz (the barrower) thought it was unfair that she had to pay an additional $516.00 to Home Mortgage Financial Corporation (the mortgage broker) for the yield spread premium. She already paid them $1‚661 in direct fees‚ consisting of $688.00 for loan origination‚ $688.00 for loan discount‚ and $285.00 for processing‚ but Banc One (the mortgage lender) also gave Home Mortgage Financial Corporation a yield spread
Premium Mortgage Mortgage loan Finance
American financial system and has been described as processing of acquiring financial asset and packaging the same for investments by several investors. The term ‘securitisation’ has not been defined as such‚ but has been used in certain rules‚ regulations and notifications. In the recently enacted the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act‚ 2002 (for short “the Securitisation Act”) the term securitisation has been defined as “acquisition of
Premium Debt Mortgage loan Loan
I. Introduction Job evaluation or analysis is the process of systematically determining in detail the particular job duties and requirement‚ and the relative worth of a particular job. The evaluation is based on a combination of job content‚ skill required‚ value to the organization‚ organizational culture‚ and the external market. An important aspect in the Job Analysis is that the analysis is conducted on the job‚ a description or specification of the job‚ not a description of the person
Premium Employment Mortgage loan Interest
National Mortgage Association (FNMA) (NYSE: FNM)‚ commonly known as Fannie Mae‚ is a stockholder-owned corporation chartered by Congress in 1968 as a government sponsored enterprise (GSE)‚ but founded in 1938 during the Depression. Contrary to some beliefs‚ Fannie Mae does not make home loans directly to consumers‚ but rather functions as an intermediary in the U.S. secondary mortgage market. By purchasing and securitizing mortgages‚ Fannie Mae facilitates liquidity in the primary mortgage market by
Premium Mortgage loan Subprime mortgage crisis Mortgage
imposes unfair or abusive loan terms on a borrower. It is also any practice that convinces a borrower to accept unfair terms through coercive‚ deceptive‚ exploitative‚ or unscrupulous actions for a loan that a borrower can’t afford‚ doesn’t need‚ or doesn’t want. Predatory lending benefits the lender‚ not the borrower by ignoring or hindering the borrower’s ability to repay the debt. These lending tactics attempt to take advantage of a borrower’s lack of understanding about loans‚ terms‚ or finances in
Premium Predatory lending Mortgage loan Loan
| | Prof: | Hoa N. Burrows‚ CPA | Countrywide Financial: The Subprime Meltdown Questions: 1. Are subprime loans an unethical financial instrument‚ or are they ethical tools that were misused? We believed subprime loans are ethical tools that were misused. Subprime loans involve “lending to borrowers‚ generally people who would not qualify for traditional loans‚ at a rate higher than the prime rate” (Ferrell et al 385) meaning that it is a financial instrument in which borrowers benefit
Premium Debt Mortgage Loan
my desk is in the centre of the mortgage banking division‚ I could tell long before he got to me that I was the one he was looking for. And‚ frankly‚ the folder he dropped at my desk was the last thing in the world I expected to see.” Robin Lall is a 26 year old assistant broker in the mortgage banking division of Old Delhi Finance Trust‚ a relatively small interstate bank located in Northern India. Robin’s branch has regional responsibility for home mortgages in Northern Virginia and the Washington
Premium Mortgage Vice president Bank
Mortgages First Time Home Buyers Burlington Description If you are going to choose the mortgage for the best first time home buyer‚ this is the right destination. Now read this article carefully to know How to Find the Best First Time Home Buyer Mortgages Are you looking for buying a new for the first time? Do not know how to find out the best mortgage plan for first time home buyer? Just go through this article‚ you will definitely get to know about it. There are various mortgage packages available
Premium Real estate Debt Money