ETMA accomplishes its primary objective, improving risk management, efficiency and transparency of the secondary market, by surveying and legal requirements and developments. (Buckley, 1998, p. 47)
Loan Sales FAQs

What is a loan sale?

A loan sale is a commonly used term for the sale of loans or loan pools. Loans acquired by the FDIC from failed financial institutions are generally sold in pools through sealed bid sale or English outcry auction.

How are sales structured?

Typically, sales contain loans that have similar characteristics. The loans are refined into pools according to specific criteria. Pooling considerations may include loan size, quality, type, collateral and location.

What documents are available on the site?

The storeroom provides documents for the sale offering and the individual loan pools. The documents that can be found in the storeroom are the: Invitation to Bid, Bid Instructions, Purchaser Eligibility Certification, Loan Sale Agreement, Loan Spreadsheets and other relevant documents.

Are loans an appropriate…...

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References www.questia.com/PM.qst?a=o&d=5019679285

Berger, a.N., & Frame, W.S. (2007). Small Business Credit Scoring and Credit Availability. Journal of Small Business Management, 45(1), 5+. Retrieved September 22, 2007, from Questia database:   www.questia.com/PM.qst?a=o&d=5001398208http://www.questia.com/PM.qst?a=o&d=5019679285 

Buckley, R.P. (1998). The Regulation of the Emerging Markets Loan Market. Law and Policy in International Business, 30(1), 47. Retrieved September 22, 2007, from Questia database:   www.questia.com/PM.qst?a=o&d=34689598http://www.questia.com/PM.qst?a=o&d=5001398208 

Cranston, R. (1997). Principles of Banking Law. Oxford: Clarendon Press. Retrieved September 22, 2007, from Questia database:  http://www.questia.com/PM.qst?a=o&d=34690467 

Derivative. (2007). Investopedia. A Forbes media company. Retrieved September 23, 2007, at   www.questia.com/PM.qst?a=o&d=5000176748http://www.investopedia.com/terms/d/derivative.asp 

Loan Scenario
Norwest Bank had been lending money to Tresch to run a dairy farm. The balance due the bank after several years was $147.000; the loan agreement stated that Tresch would not buy any new equipment in excess of $500 without the express consent of the bank. Some time later, Tresch applied to the bank for a loan of $3,100 to purchase some equipment. The bank refused to make the loan because it did not believe the new equipment would correct the condition for which it would be bought and would not result in significant additional income. Tresch then sued the bank, claiming that its refusal to make the loan was a breach of the implied covenant of good faith and fair dealing. Decide.

Although, in this case the lender is accused of acting in bad faith against the bank that gave him the loan, really it seems as if it…...

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Work Cited

"Bad Faith." (2004) Retrieved November 23, 2004 at  http://law.freeadvice.com/general_practice/suing_being_sued/lawsuit_bad_faith.htm 

" When Does a Breach of Contract Occur?" (2004) Retrieved November 23, 2004 at  http://law.freeadvice.com/general_practice/legal_remedies/breach_contract.htm

92. The total loan service cost will therefore be $4,382.92.
It should be noted that the interest portion of each payment is tax deductible. The interest for the first year is going to be $2,100. The interest for the second year will be $1,489.46. The interest for the third year will be $793.45. The interest declines each year as the remaining principle on the loan declines. Thus, the interest for the first year is on the entire amount of $15,000. After the first year, the remaining principle will be $10,693.03. The interest for the second year will therefore be calculated based on that figure, not the original $15,000.

The same holds true for the third year. The remaining principle after two years will be $5,667.52. The interest for the final year will be calculated on that amount only. As a result, the interest for each year will decline. The overall payment will…...

Liquidity and Loan Quality: the Impact it is having on ank Health
Since the 1980's, there has been an emphasis on deregulation within the banking industry. Part of the reason for this, is because of shifts in the economy (thanks in part to globalization) as the markets and products have changed. This has forced many different governments around the world to reduce regulations to include: liquidity and loan quality standards. As a result, the underlying risks at many financial institutions have increased exponentially. In this research project, we will show how these reduced standards have contributed directly to: the financial crisis and stagnant economy. Once this takes place, it will provide the greatest insights as to how these two factors will determine the strengths of different of financial institutions. At which point, we can present specific ideas about how to effectively address these challenges in the future.

Introduction

: ackground

Over the last…...

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Bibliography

Comparative Analysis. (2011). Business Dictionary. Retrieved from:  http://www.businessdictionary.com/definition/comparative-analysis.html 

Criticism of Obama's Financial Reform Plan. (2010). Raw Finance Blog. Retrieved from: http://rawfinanceblog.com/2010/04/23/criticism-of-obamas-financial-reform-plan-focuses-on-negative-economic-effects/

The Dodd Frank Act. (2011). FDIC. Retrieved from:  http://www.fdic.gov/deposit/deposits/unlimited/index.html 

Empirical. (2010). Your Dictionary. Retrieved from:  http://www.yourdictionary.com/empirical

Student Loans Dangerous to the Economy?
In Sharon Epperson's interview with Sarah Bloom askin, it becomes clear that not only are student loans dangerous to the economy, but also that the solution to the student-loan debt crises might have a significant impact on the financial future of multiple generations of Americans. The interview also makes it clear that Bloom askin's approach to loan debt does not appear to involve making education more affordable for students, but rather on educating people about interest rates and the ramifications of taking on certain levels of debt (Epperson, 2014). However, that solution ignores the fact that education cannot work as a stepping ladder to success if financial barriers continue to outline who has access to the best educational opportunities and all of the networking opportunities that come with those schools. The fact that there may be equivalent educational opportunities in lower-cost schools ignores the…...

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References

Epperson, S. (2014, May 1). Is student loan debt dangerous to the economy? Retrieved May

12, 2014 from NBC News website:  http://www.nbcnews.com/business/economy/student-loan-debt-dangerous-economy-n94916 

Rizzuto, R. (2014, May 6). Sen. Elizabeth Warren introduces bill to reduce burden of student loan debt in U.S. And enact "Buffet Rule." Retrieved May 12, 2014 from MassLive website:  http://www.masslive.com/politics/ 

index.ssf/2014/05/sen_elizabeth_warren_introduci.html

Borrowers who focus on the size of their monthly payment may end up paying more in overall interest, and if a buyer can afford to pay a larger monthly payment, by making small monthly sacrifices that can be budgeted with the help of a financial advisor, he or she may emerge the winner from the refinancing bidding wars.
One way to convince a client is to remind the client that a car, unlike a home, depreciates quickly. Homes can increase in value, and often do, but cars, with wear and tear, and the advances in technology usually do not -- something a financial advisor must also remind someone aching to buy a fancy but impractical vehicle, or balking at a good refinancing deal. The buyer must be aware that he or she may owe more than the car is even worth, over time, and ask if it is worth paying…...

Art
Currently on loan from the Frick Collection in New York, Hans Memling's "Portrait of a Man" is unique among paintings in the Norton Simon Museum, which does not otherwise boast a collection heavy in Flemish art. The Memling portrait is executed in oil on oak panels, and completed in the mid-1470s. It is relatively small in scale, at just over a foot high and nine inches wide.

The museum's description of the piece and the artist indicates that Memling was actually born in Seligenstadt, Germany and later moved to Bruges in 1465. Memling was trained as an artist in Brussels, alongside ogier van der Weyden. Memling enjoyed a high degree of career success as a painter in Bruges. The "Portrait of a Man" in particular "testifies to the artist's popularity and renown during his lifetime," ("Memling's 'Portrait of a Man' on loan from The Frick Collection"). The portrait depicts a wealthy…...

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Reference

"Memling's 'Portrait of a Man' on loan from The Frick Collection." The Norton Simon Museum. Retrieved online:  http://www.nortonsimon.org/memling-s-portrait-of-a-man-on-loan-from-the-frick-collection#

Crime
Flinn operated a loan brokering business without a license. Flinn was prosecuted for violating the statute required that persons engaged in the business of brokering loans obtain a license from the state. Flinn's defense was that he was unaware of the statute and therefore lacked criminal intent. Where criminal intent is not a specific element of the crime, a party's intent is irrelevant to a determination of guilt or innocence. Furthermore, ignorance of the law is not a defense. Because criminal intent is not a necessary element in the charge of violating a licensing statute, Flinn's defense that he lacked criminal intent will be unsuccessful.

Jennings, a courier, used money that belonged to his clients to make investments, but always delivered the money to his clients on time. Jennings kept the profits from the investments and was prosecuted for embezzlement. Embezzlement involves the fraudulent conversion of property that is lawfully in…...

2.0.2 Interest on loan

Before any loan is granted, the borrower must clarify the position as to the payment of interest on the loan draw-downs during construction. The mode of payment of this interest may vary and may be payable every six months from the date of the first drawdown with a final payment in respect of the pre-delivery draw-downs on the day of delivery, this is the standard pattern for years. It is a usual tendency to allow the 'roll up' of the interest and added to the total loan outstanding when the vessel is delivered, this leads to a substantial reduction on the cash sums that the owner has to pay prior to the vessel entering service. As an alternative to the owner drawing down the favorable loan to help make his payments during construction, in some countries the yard itself arranges to borrow the equivalent funds and pay…...

Business Financing: Increasing One's Chances of Obtaining a Bank Loan
Applying for a loan in a bank or any financial institution with lending capabilities can be frustrating, especially if the applicant does not know exactly what they are supposed to do to win the loan officer's confidence. Banks have an obligation to protect the funds and assets that clients have entrusted to them; as such, they often are very conservative. At the same time, they also are in business, out to make profit by recouping the principal of loans that they extend to borrowers, obtaining a profitable rate of return on the same, and ensuring that borrowers prosper and increase their deposits with them. In the final analysis, this only shows that it is the borrower's responsibility, therefore, to develop and maintain positive relations with the bank, and provide sufficient reason for the bank to feel safe entrusting their capital to…...

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References

Abrahams, C.R. & Zhang, M. (2008). Fair-Lending Compliance: Intelligence and Implications for Credit Risk Management. Hoboken, NJ: John Wiley & Sons

Bangs, D. (2010). Getting a Loan. Entrepreneur Media Inc. Retrieved 19 February 2015 from  http://www.entrepreneur.com/article/241831 

Bartram, P. (2014). When the Bank Says No. Director Publications. Retrieved 20 February 2015 from  http://www.director.co.uk/magazine/2009/8%20September/finance_when_bank_says_no_63_01.html

Federal Student Tuition Loan Limits
Current federal student loan limits make it difficult for many students to pursue the educational program of their choice. Therefore, student loan limits must be raised.

Despite financial aid and federal loans, a college education remains beyond the reach of many Americans.

Illustration of problem - Many colleges fix their loans at levels very low levels, without taking into account the effects of inflation.

Individual level - Many students, particularly those from out of state, cannot afford college even in public and state colleges.

Society level - Many students drop out of programs such as education, in order to go into more "highly paying" majors such as business.

Pointing - By decreasing the number of younger people who go to college or into field such as social work and education, society loses valuable human resources.

Satisfaction - Federal student loan limits must be increased.

Action

We should join coalitions calling for increasing federal…...

However, equity in the company cannot be used as collateral because its value fluctuates. The banker would have to consider that if the company is insolvent enough to require the bank's acquisition of collateral, retained earnings would not likely have any value remaining.
3) the current ratio is calculated as the current assets/current liabilities. The current assets are as follows:

Cash 15,000

Accounts Receivable 5,000

Total Current Assets 20,000

The current liabilities are as follows:

Accounts Payable 2,500

Customer Deposits 3,000

So therefore, the current ratio is as follows:

5500 = 4.18

This is a great current ratio. The ratio is a measure of a firm's liquidity, its ability to meet its pending debts. This company has a limited debt load, consisting of accounts payable and customer deposits. The current assets include accounts receivable and cash. With $15,000 in cash, this firm is very liquid at present.

4) the current ratio would matter to my banker because it indicates the…...

The customer also wishes to borrow 90% of the purchase price of the new vehicle. In looking at the full picture the loan officer recognizes that the customer's late payments were the result not of choice but of extenuating circumstance. In explaining the turndown of the loan application the officer cites the collateral issue as well as the late payments as reasons for not extending the loan. He points out to the customer though that in six months with no late payments on outstanding debt, and a larger down payment (capital) that the loan could be made. The moral risk of default is low and the loan officer recognizes this fact.
The obverse scenario is the customer looking to borrow $40,000 on a new Cadillac Escalade. The credit report indicates a similar 615 score however, there are considerable differences to the application. Borrower B. is ready to put 30% down…...

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References

Credit Score Scale.net. Credit Score Scale. Credit Score Scale.net. N.D. 1. Retrieved May

13, 2011 from http://www.credit-score-scale.net/

Investopedia. The Five C's of Credit. Investopedia. N.D. 1. Retrieved May 12, 2011 from  http://www.investopedia.com/terms/f/five-c-credit.asp 

Pitt, David. Car Loan Approval Rates are Improving. MSNBC.com. July 19, 2010. 1.

" Personal happiness has since become a primary ideal of Western political thought with the idea that the government is there to secure people's freedom and their ability to find happiness. The smiley face image has since been incorporated into modern American society as a symbol of happiness, whatever that happiness may entail, and many project their ideas of happiness onto the symbol. But the symbol is so simple and universal it will continue to exist despite those who attempt to assign a definition to it. [3: Lumpkin, Libby. Deep Design: Nine Little Art Histories. (Los Angeles: Art Issues, 1999), 23.]
While many in the modern world associate artistic smiles with happiness, the article points out that this has not always been the case. In the past, smiles have been associated with many other things like the fulfillment of desire or the attainment of secret knowledge. Smiles were used to give…...

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References

Lumpkin, Libby. Deep Design: Nine Little Art Histories. (Los Angeles: Art Issues, 1999), 15-27.

The third piece, which creates the "burden of history" to Sam, was the fact that Pilar was his half-sister, and that his relationship with her should not be continued. Finally, the last piece of mystery was the assumption, or truth, that it was uddy who did the crime against Charley.
In the early part of the story, it was thought that the differences in race between Sam and Pilar was the reason why his father was disapproving of their relationship. Ironically, it was the "burden of history," so to speak. Also, the assumptions that uddy killed Charley became a burden to Sam because it somehow haunted him that soon led him to search for the truth.

Tomas Sandoval also suggested in another way how history can create a burden depending on how the people create things out of what happened in the past. In the end of the film, it was…...

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Bibliography

Sandoval, Tomas. The Burden of History and John Sayle's Lone Star.

http://bad.eserver.org/issues/1996/28/sandoval.html

One of the cornerstones of the idea of liberty and freedom, especially when viewed from a religious perspective like Thomas Merton’s, is the idea of free will.  Whether human beings truly have free will is a surprisingly divisive philosophical question that, by design, must consider questions like natural versus nurture, motivation, the influence of society on people, and even the nature of good and evil (O’Connor).  However, the idea of free will is central to Christianity and also to Merton’s explorations of liberty and freedom in a Christian context.

Using the concept of free will to explore the....

In order to determine whether there should be more financial support given to physicians who practice primary care, we have to first determine some facts about primary care physicians, their costs, their salaries, and other financial factors.  While the average annual salary of a primary care physician varies by state, the average appears to be from $130k a year to around $220k a year.  This breaks down to around $75 to $120 an hour. 

At first glance, that salary seem very comfortable and may leave people wondering if financial support for the position is warranted.  However, in reality....

Microeconomic Analysis of HSBC Bank

Introduction

HSBC Bank is a global banking and financial services corporation headquartered in London, England. As one of the largest banks in the world, it operates in over 60 countries and territories, offering a wide range of financial products and services to individuals, businesses, and governments. This essay will focus on microeconomic concepts that can be applied to analyze HSBC Bank, with specific examples and insights.

Market Structure

One important microeconomic concept to consider is market structure. HSBC Bank operates in a highly competitive global banking industry. It faces competition from numerous other large banks, as well as smaller....

Understanding Business Failure: A Comprehensive Analysis of Causes, Consequences, and Mitigation Strategies

Introduction

Business failure is an unfortunate reality that affects a significant number of enterprises worldwide. Understanding the causes, consequences, and potential mitigation strategies for business failure is crucial for entrepreneurs, managers, and policymakers alike. This thesis aims to provide a comprehensive analysis of business failure, exploring the factors that contribute to its occurrence, the impact it has on individuals, organizations, and the economy, and the measures that can be taken to mitigate its effects.

Section 1: Causes of Business Failure

1. Economic Factors: Economic downturns, recessions, and changes in market conditions can....