Mortgage Company Business Plan - 8783 Words

Business Plans: Mortgage Company Copyright Notice  ©2006 eNotes.com LLC ALL RIGHTS RESERVED. No part of this work covered by the copyright hereon may be reproduced or used in any form or by any means graphic, electronic, or mechanical, including photocopying, recording, taping, Web distribution or information storage retrieval systems without the written permission of the publisher. For complete copyright information, please see the online version of this work: http://www.enotes.com/handbook−business−plans Mortgage Company BUSINESS PLAN NATIONAL MORTGAGE, INC. 123 N. Main Blvd., Suite 201Seattle, Washington 98108 This mortgage company specializes in lending money to people who have poor credit or who are self−employed and have†¦show more content†¦National will continue to utilize the services from consultants in areas such as planning, budgeting, accounting, general business advising, and law. UNIQUENESS AND DIFFERENTIATION OF THE SERVICE National, Inc. will continue to specialize in serving individuals who have less than perfect credit or who are self−employed and cannot qualify for conventional loans. The company was formed to provide loans to this niche market. The company utilizes the most current technology to enable it to not only provide competitive pricing but also excellent service. In the future, we plan to offer complementary products such as secured credit cards and debit cards, insurance, and other investment tools. It is rare in today s business world to find a true market void. That is exactly what National has done. It has combined the latest in technology with an unfilled need and promises to deliver a high quality product at a competitive price. Our services have limited competition in Washington and even nationally because of the nature of our clients. We have built an excellent reputation in the area and wish to capitalize on it to enter the national marketplace. To reach an even larger marke t we will develop and utilize a web page on the Internet. BUSINESS DESCRIPTION 2 Business Plans: Mortgage Company FUNDS REQUIRED AND USAGE To continue to fund its growth and provide the money for franchise operations, National Mortgage will be seeking $150,000 inShow MoreRelatedSwot Analysis Of Swot Analysis : Swot911 Words   |  4 Pagesbrainstorming tool that helps people evaluate an idea or project for a business or formulate a business plan (Harmon, 2015). It should be noted that SWOT analysis is an acronym for Strengths, Weaknesses, Opportunities, and Threats. The author explained that the purpose of SWOT analysis is to identify how internal and external factors influence a business. The author further suggested that this process will shed light on a business internal strengths and weaknesses- for instance reputation, and externalRead MoreMcbride Financial Services1071 Words   |  5 PagesMcBride Financial Services-Marketing Plan University of Phoenix BSA 310-Business Systems McBride Financial Services-Marketing Plan The first step in any marketing plan should be marketing research. McBride Financial Services will be using a four step plan for gathering research for marketing. The goal of marketing research for McBride is to gather data from local chambers of commerce, visitors’ bureaus, and local realtors concerning the target market: professionals and retirees purchasingRead MoreThe Big Short And Twilight Of The Elites1313 Words   |  6 Pagesbanks, the mortgage brokers, and the consumers were all affected by this collapse. On each level of the system, there were things that went wrong and that could have been changed or could have prevented the failure of the housing market. Before the 1970’s banking was not a business that you went into to make money and it remained that way until Louis Ranieri came around. Louis Ranieri had one idea that changed the housing market forever. His plan was to have a mortgage back security. Mortgage back securitiesRead MoreCountrywide Financial Corporation And The Subprime Mortgage Crisis1183 Words   |  5 Pagesthe Subprime Mortgage Debacle In order to discuss the financial crisis of 2008, a person must understand the history of the mortgage industry. This case study shed light on one of the leading companies in the mortgage industry, Countrywide Financial, helping people recognize the events that led up to the crisis of 2008 by providing a breakdown of the company and showing the range of their operations (Eastburn, 2010, p. 247-262). To help people understand the crisis of the mortgage company, strategiesRead MoreMcbride Marketing Paper1258 Words   |  6 PagesIntroduction McBride Financial Service is a mortgage lender based out of Boise, Idaho. The goal of the company is to develop into most brilliant cost mortgage contributor by utilizing modern technology while keeping interest rates low. McBride always wishes to increase its current growth by expanding into five additional states Montana, North Dakota, Idaho, South Dakota and Wyoming. McBride will also strive toward improving the standard of the company with the traditional loans for purchasing andRead MoreThe Problem Of The Housing Market Crash1213 Words   |  5 Pagesbanks, the mortgage brokers, and the consumers were all affected by this collapse. On each level of the system, there were things that went wrong and that could have been changed that could have prevented the failure of the housing market. Before the 1970s the banking was not a business that you went into to make money. That was until Louis Ranieri came around. Louis Ranieri had one idea that changed the housing market forever. His plan was to have a mortgage back security. A mortgage back securityRead MoreStrategic Plan, Part Ii: Swott Analysis1373 Words   |  6 PagesStrategic Plan, Part II: SWOTT Analysis BUS/475 SWOTT Analysis Today’s business world is one of many challenges; challenges with our Federal Government encroaching upon the business world with regulatory changes and restrictions, challenges with an ever-changing economic climate that seems to swing in either direction and challenges with both political parties that engage in meaningless finger-pointing, rather than looking for solutionsRead MoreMortgage Insurance ( Http )1612 Words   |  7 Pagescom/AIG_Internet/AIG_2014_Annual_Report.pdf) Mortgage Insurance (http://www.reuters.com/article/2014/07/16/us-bankofamerica-mbs-settlement-idUSKBN0FL1B720140716) (http://www.propertycasualty360.com/2015/11/03/moodys-warns-of-negative-impact-in-proposed-aig-br ) (life Insurance)http://www.vault.com/company-profiles/insurance/american-general-life-insurance-company/company-overview.aspx, http://www.vault.com/company-profiles/insurance/american-international-group,-inc/company-overview.aspx Property CasualtyRead MoreCountrywide1127 Words   |  5 Pagesnation’s largest mortgage lenders. It used to hold about 17% of all United State’s mortgage and was listed as #91 among Fortune 500 companies. I chose the case study of Countrywide because it reminds me of the powerful era of the mortgage industry and how it collapsed leading to the chain reaction of economic and financial crisis; creating almost depression symptoms in the housing market, and pushing the economy to the edge of recession. Countrywide was not the only mortgage company that seeked forRead MoreForeclosures: My Familys Experience Essay1137 Words   |  5 Pageshad been trying to pay the house off at a faster rate so had opted for a short term mortgage. Everything was going fine until the bottom fell out when the economy busted. They tried desperately to get their mortgage restructured before their savings ran out the first part of the plan, make an emergency refinance program and suspend DOC stamps and other fees so people who demonstrate need can reduce their mortgage payments before becoming delinquent. The federal government could make a program like

Summary #18 Example

Essays on Summary #18 Essay AGGRESSIVE BEHAVIOUR Aggressive Behavior Aggressive behavior is learnt and shared from the father to the child since the boys learndirectly by observing the behavioral patterns of the father. In the ordinary and conventional sense, children do not only learn from the things that their parents advice or tell them to do but also emulate from their actual behavior (Rosenthal Zimmerman, 2014). The fact that the father shouts, screams and is even physically violent with the boys put them in a bad headspace emotionally. When the father pushes the boys to the ground, their emotional stability and acumen is shaken and they are left psychologically scared. Thus, as a result, it would be ordinary for the children or the boys to transfer the same type of treatment and violence to the other younger children or people. This stems from the fact that the children are modelled or mentally prepared to reasons that violence either through shouting, screaming or physically manhandling their peers is t he best way of resolving issues and disagreements. Intuitively, the elder children who are manhandled and shouted to transform and do the same to the younger child by lifting him up by his ears while they are screaming at him. The younger child also does not take the shouting in a soft manner and instead also raises his voice to the other older children. It is my humble opinion and respectful li9ne of thought that the younger child also emulates the stance demonstrated by the father relative to violence. Thus, it is fair to mention that the violent and abusive behavior of the father directly affects the children to act in the same manner to all their other counterparts.ReferenceRosenthal, T. L., Zimmerman, B. J. (2014). Social learning and cognition. Academic Press.

Malek bennabi free essay sample

Malek Bennabi Malek Bennabi (1905 1973) (Arabic: dib) was an Algerian writer and philosopher, who wrote about human society, particularly Muslim society with a focus on the reasons behind the fall of musllrn civilization. He Is mostly known for the concept of colonlabllity which Is the Inner aptitude of some societies to be colonized (Black-African particularly). The fall of the Almohad dynasty that ruled North Africa and Muslim Spain marked a new devastating trend of undermining ideas. The lack of new ideas concurrently spurned the death of new civilizations. According to Malik Bennabi, with this, emerged what he coined civilizational bankruptcy. Education Bennabl was born in Constantine. Educated in Paris and Algiers in engineering, he later based himself in Cairo, where he spent much of his time toiling through fields of history, philosophy and sociology. In 1963, after returning to Algeria, he witnessed modern science and technologicalcivilizations fold before his very eyes. This has spurred him to reflect on the question of culture in the early nineteenth century. His approach was simple, not parroting what had been discovered before his time, but ather, searching for what constitutes the essence of culture and the birth of civilization. work From one of his works, Les Conditions de la Renaissance (1948), he defined culture as the mode of being and becoming of a people. This includes aesthetic, ethical, pragmatic, and technical values. When these contents have been clearly defined, only then could various formulations of Ideas be born. The birth of new Ideas equals to a dynamic society that leads to the movement of vibrancy of a new civilization. In another book, The Question of Culture (1954), he said, the organisation of society, its ife and movement, indeed, its deterioration and stagnation, all have a functional relation with the system of ideas found in that society. If that system were to change in one way or another, all other social characteristics would follow suit and adapt in the same direction. Ideas, as a whole, form an important part of the means of development In a given society. The various stages of development In such a society are indeed different forms of its intellectual developments. If one of those stages corresponds to what is called renaissance, it will mean that society at that stage Is njoying a wonderful system of ideas; a system that can provide a suitable solution to each of the vital problems in that particular society. He added that ideas influence the lite ot a given society in two different ways; either they are factors of growth ot social life, or on the contrary, the role of factors of contagion, thus rendering social growth rather difficult or even Impossible. Views He said that In the nineteenth century, the relations among nations were based on power for the position of a nation was dependent on the number of Its factories, cannons, fleets and gold reserves. However, the twentieth century Introduced a new values. This development has not been strongly felt in many underdeveloped countries, for their inferiority complex has created a warped infatuation with the criteria of power that is based on objects. Muslims living in an underdeveloped country will no doubt feel that they are inferior to people living in a developed country. They will gradually realise that what separates people is not geographical distance, but distance of another nature. As a result of this inferiority, Muslims ascribe this distance to the field of objects. They see their situation as an abomination caused by lack of weapons, aeroplanes and banks. Thus, their inferiority complex will lose its social efficacy, leading only to pessimism on the psychological level. On the social level, it will lead to what we have elsewhere called taqdis (heaping-up). To turn this feeling into an effective driving-force, Muslims should ascribe their backwardness to the level of ideas, not to that of objects, for the development of the new world depends increasingly on ideational and intellectual criteria. In underdeveloped countries, which are still within the phere of influence of the superpowers, arms and oil revenues are no longer sufficient to support that influence. Ideas alone can do the Job. The world has, therefore, entered a stage at which most of its problems can be solved only by certain systems of ideas. Therefore, the Arabs and other Muslim countries, especially those that do not possess a great deal of material power, should give more weight to the issue of ideas. [2] He later criticised the Muslim society for frequently falling into an apologetic state, where its members keep on harping on the civilization that once was built by their forefathers. Muslims tend to circle around the archaic archaeological process, digging up past treasures instead of bridging progress with new ones. Muslims today are in a state of disarray. Muslim countries and societies are largely imperialized by the West. This is truly not a failure of Islam, but because Muslims and those in governance abandoned the true understanding of what Islamic values connote. In this, Bennabi again pointed out, after Egypts humiliation in the Six-days war in June 1967, it is the ummahs (global Muslim community) understanding and worldview, its stock of ideas rather than of arms and mmunitions, that needs to be renewed. Obviously corrections need to be rectified. Although looking back to what had been achieved in the Golden Age of Islam is still relevant, what is more important is to be able to appreciate the political values and culture of models and systems implemented by past prophets, re-interpret and apply these to our contemporary society. Enriching the society is part of dynamism in Islam. Colonisation of minds has driven Muslims towards a state of moral and psychological decay. Again in his book, Islam in History and Society (1954), moral paralysis results in intellectual paralysis.

Stock and Rate Essay Example

Stock and Rate Essay However, interest is paid semi-annually. If your required rate of return is 10%, what is the value of the bond? How would your answer change if the interest were paid annually? 7) Sharp Co. Bonds are selling in the market for $1,045. These 15 year bonds pay 7% interest annually on a $1,000 par value. If they are purchased at the market price, what is the expected rate of return? 8) You own a bond that pays $100 In annual Interest, with a $1,000 par value. It matures in 15 years. Your required rate of return is 10 percent. 1 . Calculate the value of the bond. 2. Calculate YET Topic: Stocks 9) BBC Ltd paid a dividend of RSI 4 per share at the end of the year. It Is expected to grow by 8 percent each year for the next 4 years. The market price of the shares Is expected to be RSI 60 at the end of 4 years. Assuming 1 2 percent required rate of return of investors, at what price should the shares of BBC Ltd sell? 10)Blackburn and Smith common stock currently sells for $23 per share. The companys executives anticipate a constant growth rate of 10. Percent and an end-of-year dividend of 2. 50. What Is your expected rate of return? If you require a 17% return, should you purchase the stock 11) IBM Industries pays a dividend of $ 2 per quarter, the dividend yield on its stock Is reported at What price Is the stock selling at? 12) Inconstant Growth. Tattletale News Corp.. Has been growing at a rate of 20 percent per year, and you expect this growth rate in earnings and dividends to continue for another 3 years. A. If the last dividend paid was $2, what will the next dividend be? B. We will write a custom essay sample on Stock and Rate specifically for you for only $16.38 $13.9/page Order now We will write a custom essay sample on Stock and Rate specifically for you FOR ONLY $16.38 $13.9/page Hire Writer We will write a custom essay sample on Stock and Rate specifically for you FOR ONLY $16.38 $13.9/page Hire Writer If the discount rate Is 15 percent and the steady growth rate after 3 years Is 4 percent, what would the stock price be today? Topic: Capital Budgeting 13) Mutually Exclusive Investments. Here are the cash flow forecasts for two mutually exclusive projects: a. Which project would you choose on NAP and AIR basis the opportunity cost of capital Is 2 percent? B. Which would you choose if the opportunity cost of capital Is 12 14) Lana Industries, Inc. , needs a new lathe. It can buy a new high-speed lathe for $1 million. The lathe will cost $35,000 to run, will save the firm $125,000 in labor costs, and will be useful for 10 years. Suppose that for tax purposes, the lathe will be appreciated on a straight-line basis over its 10-year life to a salvage value of $100,000. The actual market value of the lathe at that time also will be $100,000. The discount rate is 10 percent and the corporate tax rate is 35 percent. What is the NAP of buying the new lathe? 15) Blooper Industries must replace its magnesium purification system. Quick Dirty Systems sells a relatively cheap purification system for $10 million. The system will last 5 years. Do-let-Right sells a sturdier but more expensive system for $12 million; it will last for 8 years. Both systems entail $1 million n operating costs; both will be depreciated straight line to a final value of zero over their useful lives; neither will have any salvage value at the end of its life. The firms tax rate is 35 percent, and the discount rate is 12 percent. Which system should Blooper install? 16) PC shopping network may upgrade its modem pool. It last upgraded two years ago, when it spent $1 man on equipment with an assumed life of 5 years and an assumed salvage value of $man for tax purpose. The firm uses straight line depreciation. The old equipment can be sold today for $man. A new odder pool can be installed today for $Mann. They will have a 3 year life and will be depreciated to zero using straight line depreciation. The new equipment will enable the firm to increase sales by $man per year and decrease operating cost by $1 Mom per year. At the end of the three years, the new equipment will be worthless. Assume the firms tax rate is 35% and the discount rate for the project of this sort is 10%. What is the NAP of the replacement project? Topic : Cost of Capital 17) The market value of your firms equity is $500 million, which is also the value of your total debt.