The average American does not know what Mers is, and what purpose it holds in their life. Mers is a corporation who was created by financial institutions such as Fannie and Freddie Mac, in 1995 to told title to a mortgage that would allow electronic reassignment of profitable owners to the mortgage. Mers’s database is a substitute for the county land record so recording fees can be bypassed and the change of ownership to title can be input electronically. Homeowners don’t know who they are paying their mortgages to because the ownership would frequently change lenders. MersCorp shouldn’t be able to track change of ownership because they have no obligation to do so. Also, Mers shouldn’t be allowed to exist, because it’s replacing the county …show more content…
Mers eliminates a county’s recording fee which is an average of $35. According to ThisMatter.com, Mers’s records contain 50% to 60% of the residential mortgages in the United States. However, companies who affiliates with Mers pays Merscorp membership fees and per transaction fees for access to the Mers database. Consumers should be careful with their mortgages, promissory notes, and know who or what rightfully has their title. Mers has a webpage for homeowners or anyone who may have questions about the mortgage. It provides series of actions for disputing any information in a Mers record. Although, Mers is vague on how a borrower would have knowledge on what was in their record. Mers is leaving borrowers clueless on who to talk to when they are having problems with their loan. Furthermore, Mers hurt many consumers financially because it was a major influence on the foreclosure crisis. Merscorp were allowing the original loan holders to pass their credit default risk to investors of securitized loans. Lenders were lending to risky borrowers, however, borrowers were being told that they can afford this loan when in reality they could not. As, a consumer it is important to know when a product seems too good to be true, because it usually is and be alert when a company says no down payment until a certain date. On top of that the mortgage companies and banks were not getting back their …show more content…
Bill Beckman, the president of MersCorp should close down the business and hand or over to HUD or the FHA. These government officials would be able to overlook, the misguided use of Mers and turn it into a more suitable business that handles the use of mortgages. Consumers are affected by Mers when they can are in default and when they face foreclosure. Mers wasn’t a legit interest holder in a homeowner or investors real property so, courts could not foreclose on the house. Consumers were in a mist when they wanted answers to their questions about their mortgage. Mers is just a scam, that anyone who pay taxes should look out
Based on presenting information, Mrs. William and Paul were included in the treatment process. However, Peter and the LCSW preselected sessions that families could attend. During the first session, the LCSW began by asking a question Peter what he wanted from agreeing to therapy. Peter responded that he wanted to “get help with managing stress, marital issues and communication tactics.” When asked how he would know that he was getting that helped, he said he would be relaxed at home, and sociable and his marriage will start to feel like a partnership again. This was expanded on when the Miracle Question (MQ) was asked. LSCW: “Peter, if you woke tomorrow and all of your issues were no longer present what are some things that would be different.”
When brothers Sidney and Stanley Goldstein partnered with Ralph Hoagland in Lowell Massachusetts in 1963, they were unaware of the nationwide impact that CVS would have on the retail drug industry today. Just six years after establishment, Goldstein and Hoagland sold to Melville Corporation and began acquiring companies including Revco, Prescription Health Services, People’s Drug and Eckerd Health Services. This led to an increase in sales reaching one billion dollars in 1985 as well set the bar for all pharmaceutical companies within the United States.
The term ‘Mabo’’, as described in media reports refers to all the issues concerning the Australian High Court Judgment in the Mabo against Queensland Case. The Mabo decision was named after Eddie Mabo, a Torres Strait islander who regarded the Australian Law on land ownership wrong and challenged the Australian legal system. Eddie Mabo was born on the 29th of June 1936 on Murray Island. Murray Island is between mainland Australia and Papua New Guinea. In his early days of childhood, at the age of 16, Mabo was banished from Murray Island for breaking a customary law and moved to Queensland, where he worked various jobs such as a deck hand and cane cutter. At the age of 23 he married Bonita Nehow and settled in Townsville and had ten children. In Townsville he was a spokesperson for the Torres Strait Islander community and was involved in the Torres Strait islander advancement league. While working as a groundskeeper on James Cook University in 1974, he discovered that his people’s traditional land was actually owned by the government.
“Unless Washington acts boldly, mortgage delinquencies and foreclosures are sure to keep rising”, Jonathan Lain (How to Solve the Foreclosure Crisis). My solution is tied to a non-profit because, in my opinion, when there’s one person in charge, along with check systems in place, concrete steps are taken to complete the mission. Furthermore, I suggested that Brick-by-Brick tackle the problem, yet be funded by the government. Since the government will fund this foreclosure program, they can check on B-b-B’s progress on a monthly basis. In conclusion, having a non-profit organization become responsible for the foreclosure crisis would help to educate, support and inspire fellow Americans to truly comprehend the importance of credit, money management and the actual mortgage payment.
The purpose of integrating practices within the MTSS framework has multiple features with in its three level of tiers, that benefit both students and teachers resulting in improved outcomes in content learning as well as behavior and emotional domains. The intent of the integration of practices is to optimize learning, keep students engaged in learning and in the classroom, eliminate distractions, and the efficacy of instruction time using evidence based practices for academics and behavior skills. (McIntosh & Goodman, 2016). When selecting an evidence base practice it should have validation of multiple rigorous research studies that improve student outcome, as well as met standard of criteria from respected publications and meet four suggested criteria: (1) have at least two high-quality experimental studies, (2) studies conducted by teams from different institutions with at least one having no affiliation with the developers, (3) consist of documentation of positive educational outcomes with no negative side effects, and (4) evidence the practice can be fully implemented by school personnel with standard resources.
To what extent are Mercutio, the Nurse and Friar Lawrence responsible for the deaths of Romeo and Juliet?
CCIB received SOC 341 from reporting party (RP) stating that resident Sam Bordeaux (DOB: 02/25/40) was sent to the hospital by staff who stated that they could not handle the resident's level 4 dementia and aggression. When the resident was medically stable for discharged from ED, staff at the facility refused to accept the resident back into the facility. RP stated that the facility is not taking the proper channels for eviction and they are not assisting with arranging for higher level of care for the resident.
Leading up to the crisis of the housing market, borrowers got mortgages without understanding the terms. Banks were giving out loans to people the banks weren't sure could pay the money back. The closer to the crisis, the higher the frequency of illegitimate loans and mortgages. Because there were so many mortgages on houses that could not be paid back, millions of mortgages were foreclosed on, and the houses we...
A majority of mortgage defaults that Americans used were on subprime mortgage loans, which were high-interest-rate loans lent to people with high risk credit rates (Brue). Despite knowing the risks, the Federal government encouraged major banks to lend out these loans to buyers, in hopes, of broadening ho...
The Sub-Prime Mortgage Crisis of 2008 has been the largest financial crisis to take place since the end of the Great Depression. It was the actions of individuals and companies that caused this crisis. For although it could have been adverted, too much money was being made by too many people in place of authority to think deeply on the situation. As such, by the time actions were taken to attempt to rectify the situation, it was already too late. Trillions of dollar of tax payers’ money was spent trying to repair the situation that was caused by the breakdown of ethics and accountability in the private sector. And despite the government’s actions to attempt to contain the crisis, hundreds of thousands lives were negatively affected before, during, and after this crisis.
As social workers, one way we can understand a person is through a multidimensional approach that specifically looks at a person through different dimensions. These dimensions are who they are as a person, the impacts of their surrounding environment, and the effects of time. A case study has been completed on Manisha. Her life and human behavior will be examined by the multidimensional approach.
DESCRIBE THE STRATEGIC CONTEXT IN WHICH QUINTANA SHOULD JUDGE MUSIMUNDO’S PERFORMANCE. WHAT ARE THE CHARACTERISTICS OF THE ENVIRONMENT THAT MUSIMUNDO COMPETES IN? WHAT ARE PEGASUS’ STRATEGIC OBJECTIVES FOR MUSIMUNDO? HOW DO THESE FACTORS AFFECT THE BUDGETING PROCESS?
Executive Summary This report provides an analysis and recommendation of current issues faced by Singapore-based Meli Marine, a leading container shipping company in the intra-Asian market, to gain a presence in the Asia-North America trade routes through an acquisition of 16 vessels of Teeh-Sah Holdings. On the surface, this opportunity would expand Meli’s business, diversify it’s operations and provide a protective function against a downturn in the intra-Asian market. But, this opportunity will bring Meli lots of economic risks. It would return Meli to its former less flexible model with owning vessels also.
Mortgage loans are a substantial form of revenue for the financial industry. Mortgage loans generate billions of dollars in the financial industry. It is no secret that companies have the ability to make a lot of money by offering a variety of mortgage loan products. The problem was not mortgage loans but that mortgage companies were using unethical behavior to get consumer mortgage loans approved. Unfortunately, the Countrywide Financial case was not an isolated case. Many top name mortgage companies have been guilty of unethical behavior. Just as the American housing market was starting to recover from its worst battering since the Great Depression, a new scandal, an epidemic of flawed or fraudulent mortgage documents, threatens to send not just the housing market but the entire economy back into a tailspin (Nation, 2010).
The theory of economics does not furnish a body of settled conclusions immediately applicable to policy. It is a method rather than a doctrine, an apparatus of the mind, a technique for thinking, which helps the possessor to draw correct conclusions. The ideas of economists and politicians, both when they are right and when they are wrong, are more powerful than is commonly understood. Indeed the world is ruled by little else. Practical men, who believe themselves to be quite exempt from any intellectual influences, are usually the slaves of some defunct economist." (John Maynard Keynes, the General Theory of Employment, Interest and Money p 383)