To begin this executive summary, we first look at the issue of research. In our semester project we are discussing the steps one would take in order to get a home mortgage. The reason we have chosen to do this project is to see how one goes about not only becoming approved for a loan but also how to service your mortgage and keep it up to par.
The sources that we used in obtaining this information were sources that were able to help educate us on home mortgage and also help us further understand the entire process. The web-site www.mortgage-x.com was to me the most useful in our research. This site provided thousands of articles on the issue, a glossary and dictionary to help us in our search, and also provided a number of links to other sites that could elaborate on a certain subject. One of the links that we visited was www.fanniemae.com, this site helped us further understand Fannie Mae and apply it to our research.
With this extensive research we came across a number of main findings. The first was how one went about getting a home mortgage. We found that when applying for a mortgage the borrower must give a credit report, prove sources of income, show proof of any assets, and proof of any debts, i.e. credit card payments, car loans, ect. After the application process the applicant is either accepted or denied the loan, then the terms of the mortgage are decided upon. Terms of the mortgage can include length of the loan or interest that will be charged on the mortgage. Then a mortgage agreement is signed by the borrower and the borrower receives receives the mortgage and the financial institution begins to service the loan. Upon the closing of the mortgage, the financial institution begins to service the ...
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...lue of the house and other factors.
Sources
1) Gasper, Juli-Ann Ph.D, “Mortgage Securitization,” Power Point presentation— copyright 2002.
2) Hayes III, Samuel L., Mortgage Banking Harvard. 1992.
3) Home Buyer’s Guide. Omaha State Bank, 2001
4) Kidwell, David S., Richard L. Peterson, and David W. Blackwell. Financial
Institutions, Markets, and Money. Harcourt College, 2000, Chapter 10.
5) Managing Your Mortgage. 18 Feb. 2002 http://www.mortgage-
x.com/library/managing.htm.
6) Peterson, Doug. Personal interview. 18 Feb. 2002.
7) Mortgage Application. 18 Feb. 2002 http://www.mortgage-
x.com/library/application.htm.
8) Transfer of Your Mortgage. 18 Feb. 2002 http://www.mortgage-
x.com/library/loan_transfer.htm.
9) Understanding Fannie Mae. 15 Feb. 2002 http://www.fanniemae.com/aboutfm.
With that in mind, it is important to understand a couple of concepts before analyzing and determining the effectiveness of that document. Although people do not always realize it, the purchase of a home is one of the b...
American history is joined by a not insignificant rundown of adventurers who initially found and who investigated the gigantic landmass. The majority of the wayfarers affected the advancement of America. The Lewis and Clark campaign, otherwise called the Corps of Discovery, stands conspicuously at the top some portion of this rundown. The Lewis and Clark Expedition has had a huge political, social, and monetary impact on America. They were the first to guide out the west and set off westbound development. Without the accomplishment of the undertaking development of America would have taken five times as long, as anticipated by Thomas Jefferson.
Branch Rickey was interested in Robinson for two reasons. One, being his talent, of course. Two, Branch Rickey wanted to make a change that will affect the MLB forever. Branch Rickey wanted to assist Jackie Robinson in breaking the color barrier. Jackie was soon tried on the Montreal Royals for the International Leagues. During this period of time, Jackie Robinson of course attracted a huge amount of attention, both good and bad. Of course, the white citizens were furious and continually frustrated with this “disgrace” to baseball. Although the reactions of Caucasians were negative, African Americans were very supportive and encouraged.
Jackie Robinson was the most influential ball player of all time. Jackie was born in Cairo, Georgia on January 31, 1919. Robinson had a tough childhood since his dad left his family when he was only 1 year old. This was very difficult for his family, so Jackie, his mom, and his 4 siblings moved to California. This move actually helped Jackie in the long run as he later attended UCLA. At UCLA, Jackie became the first 4-letter man. This meant that he was the first person in the school’s history to join four varsity sports teams. From there, Jackie went on to the army and then to the Negro Leagues. During his time in the Negro Leagues, Branch Rickey, the general manager of the Brooklyn Dodgers, was looking for a black man to break the
George and Lennie were lifelong friends and had varying personalities even from the start. Lennie thought about how his Aunt Clara said he should have been more like George. At the time when the story took place, the two men were travelling together, and had been for some time, working and then moving on to search for the next job they could find. They were like many other men in search for work, except it was rare for men to travel together. George felt a need to take care of Lennie because he was somewhat slow. George was an average man of the time. He was a good size, nice, but firm, and he had aspirations to be more than just a nomadic laborer. Lennie, on the other hand, had always been a little different. He was big, goofy, clumsy, but sweet. They were also both good workers. George was concerned with working and getting his money before they got into trouble and had to leave camp. Lennie was the one who normally started the trouble. He was a hard worker and lived to appease George, but he got distracted easily which angered George. George told about how they would own a house and a farm together and work for themselves. Lennie loved to hear the story and think about the possibilities, even though nobody knew if any of it was a possibility. George and Lennie's differences in part led to George's inclination to kill Lennie. Despite their dissimilarity, the two men needed each other probably more than they realized.
In 1947 Branch Rickey of the Brooklyn Dodgers desperately wanted Robinson to play for him and his team. He would become the first black MLB player since 1889 when baseball became discriminated. In his first year he was the Rookie of the Year. He debuted in the International League with the Montreal Royals. This the led to Branch’s interest in Robinson since he was considered one of the best players in the International League and considering it was his first time playing with white men.
Lewis and Clark Expedition, also known as the Corps of Discovery Expedition, was the first American overland exploration of the American West and Pacific Northwest, departing in May, 1804 from St. Louis on the Mississippi River, making their way westward through the continental divide to the Pacific coast and ending in September 1806. The expedition was commissioned by President Thomas Jefferson and guided byf Meriwether Lewis and William Clark. The exploration covered a total of about about 8000 miles round trip, from St. Louis to the Pacific Ocean. Jefferson trusted in the existence of a Northwest Passage, a water way between the Atlantic and Pacific Oceans. The main goal of the expedition was to locate this Northwest Passage and plan its potential as a waterway for American westward expansion and commerce. Although Lewis and Clark did not find this route, the expedition succeeded in making peaceful contact with Native Americans and uncovering a wealth of knowledge about the peoples, geography, plants, and animals of the western United States. This expedition was an overwhelming amount of work in both preparations and the expedition itself and given the aftermath and achievements was not all for nothing.
Branch Rickey had been around baseball all his life. He was a player, coach, manager, and team owner for over sixty years. Branch Rickey was nominated into baseball’s hall of fame and on his plaque it mentions his signing of Jackie Robinson. Branch Rickey chose Robinson because he knew he would be able to take all the abuse and keep his cool. Also, he knew Robinson was an outstanding ball player. Branch Rickey has always wanted to integrate baseball since early in his career. Rickey was looking for a strong person who would be able to take the public scrutiny, avoid confrontation, and also a talented ball player. Rickey set his eyes on Robinson because he has had experience in integrating other sports. Robinson attended UCLA and lettered in four other sports.
Branch Rickey was the club president and general manager of the Brooklyn Dodgers, and had the secret goal of signing the Negro Leagues' top players to the team. Although there was no official ban on blacks in organized baseball, previous attempts at signing black ballplayers had been thwarted by league officials and rival clubs in the past, and so Rickey operated undercover. His scouts were told that they were seeking players for a new all-black league Rickey was forming; not even the scouts knew his true objective.
Captain Meriwether Lewis and William Clark took the risk of life, limb, and liberty to bring back the precious and valuable information of the Pacific Northwest of the United States territory. Their accomplishments of surviving the trek and delivering the data to the U.S. government, have altered the course of history, but have some Historian’s and author’s stating, “It produced nothing useful.”, and having “added little to the stock of science and wealth. Lewis and Clark’s expedition is one of the most famous and most unknown adventures of America’s frontier.
For a long time, it was assumed that blacks were not allowed to play in the Major Leagues simply because they had not for so long. When Judge Kenesaw Mountain Landis, the commissioner of baseball at the time, declared that there was no rule preventing integration of the Major Leagues, the idea of an African-American joining the league was realized for the first time by a lot of people. In 1943, Branch Rickey, general manager of the Brooklyn Dodgers at the time, had an idea though to be outrageous by many during that period. He considered signing some black players to make up for the wartime shortage of talent. He narrowed down the list of prospects, searching for the best player to integrate baseball. The likely choices for talent would have been Satchel Paige or Josh Gibson. Rickey, however, wanted not only a star but a person who could deal with the harassment from the public, some teammates, and the overall opposition. Knowing of Jackie's talent and his hate for segregation, Rickey set up an interview hoping he could convince Robinson to sign a contract. When Rickey told Robinson why he had been brought to see him, Jackie's reaction was a combination of several emotions. "I was thrilled, scared, and excited.
Jackie Robinson first played baseball for the Kansas City Monarchs in the Negro Leagues in 1945. Robinson was first pursued by the Boston Red Sox, a Major League team, but they never replied back to him after his workout (Rampersad 89). Later on in August of 1945 Branch Rickey, the owner of the Brooklyn Dodgers, sent a scout to observe and bring in Jackie Robinson (Rampersad 125). When the scout approached Robinson he told him that Rickey was going to start a Negro League team called the Brooklyn Brown Dodgers. What the scout and Robinson did not understand was the persistence of Rickey to meet and speak with him. Robinson eventually agreed and on August 28 in Brooklyn met with Branch Rickey. Rickey immediately told him to marry because he knew that if Robinson accepted he would need the support of a loving wife (Rampersad 126). Rickey then shocked him when he said he wanted
Lewis and Clark were very successful people however their greatest success was only achievable with the help of Native Americans. April 1803 President Thomas Jefferson purchased uncharted territory from france. Jefferson always had liked the idea of western expansion so when he got the chance he took it. Jefferson pushed for approval to head an exploration of the Louisiana Purchase, and in 1803 it was approved. Jefferson had named Meriwether Lewis the leader and William Clark as his associate it wouldn't be until their first winter during the exploration that sacajawea would come into the picture . However Jefferson did not announce publicly that the U.S. had purchased eight hundred and sixty eight thousand square miles of land for fifteen million dollars until July .Lewis and Clark’s journey began near St.Louis, Missouri May 1804. Most days of the exploration had harsh conditions or at least one challenging obstacle to get around.For example during the exploration the hundred and forty six days spent in North Dakota, they experienced harsh temperatures below zero. This vast amount of uncharted land would become thirteen of the the states we know today. This expedition would discover a hundred and twenty two new animals, and a hundred and seventy eight plants, the expedition took eight hundred and sixty three days over a length of seven thousand six hundred and eighty nine miles, and at the cost of thirty eight thousand seven hundred and seventy two dollars and twenty five cents. Lewis and Clark’s Expedition would not have been as successful as it was without the help of George Drouillard, Sacajawea, and the Native American tribes they encountered. These Native Americans helped provide shelter, food, knowledge, and artifacts ...
Buying and owning your home is part of the American dream. Although the dream itself has since changed, the home still remains the main focal point. Today owning a home doesn’t necessarily mean a house. People now buy duplexes, cooperative apartments, and condominiums. For some families it could take up to a couple of generations before it’s able to have the capabilities of buying a home. To many people it means a certain achievement that only comes after years of hard work. It is a life altering decision and one of the most important someone can make in their lifetime. The reasons behind the actual purchase could vary. Before anything is done, people must understand that it’s an extraneous process and it is a long term project.
Starkey, M. (2009) What is a University? Explaining the Rise of Universities in Medieval Europe, an Education Studies essay, 9th March, School of Education, University of Northampton, online at: