Economics Class Due Today

1.  You work for a mortgage lender that really encourages you to sell ARM  loans to your clients.  In fact, if 75 percent of the loans you close  each month are ARM loans, you receive a very nice bonus.  
You  have a customer on the phone that you don’t feel understands ARM loans  very well despite all your efforts.  He tells you repeatedly that he  would be better off with a 30-year fixed rate mortgage.  You proceed to  take his application and send all the required documentation to him for a  5/1 ARM.  He signs the documents and returns them to you.  You process  his loan and close it 30 days later.

Do you feel you ethically assisted your borrower with this loan?
What could you have done differently?

2.   You have a co-worker at work that you are also friends with.  One day, a  borrower comes in and meets with him. You overhear the borrower tell  your co-worker that he has a loan with his mom and dad for about $10,000  that he pays $300 a month. Your co-worker proceeds as if he didn’t hear  your borrower at all.  Once he has taken the application, he tells the  borrower that he qualifies for maximum financing for a $250,000 home.   However, that does NOT take into consideration the $300 a month the 
borrower pays his parents for the loan.

Did your coworker do anything unethical in this transaction?
Assuming you feel this was an unethical situation, how do you handle this?  Remember, this is your friend and co-worker.

Place your order
(550 words)

Approximate price: $22

Calculate the price of your order

550 words
We'll send you the first draft for approval by September 11, 2018 at 10:52 AM
Total price:
The price is based on these factors:
Academic level
Number of pages
Basic features
  • Free title page and bibliography
  • Unlimited revisions
  • Plagiarism-free guarantee
  • Money-back guarantee
  • 24/7 support
On-demand options
  • Writer’s samples
  • Part-by-part delivery
  • Overnight delivery
  • Copies of used sources
  • Expert Proofreading
Paper format
  • 275 words per page
  • 12 pt Arial/Times New Roman
  • Double line spacing
  • Any citation style (APA, MLA, Chicago/Turabian, Harvard)

Our guarantees

Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.

Money-back guarantee

You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.

Read more

Zero-plagiarism guarantee

Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.

Read more

Free-revision policy

Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.

Read more

Privacy policy

Your email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.

Read more

Fair-cooperation guarantee

By sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.

Read more
Use the discount code "30OFFNOW" today and get a 30% offOrder Now