Mortgage underwriting standards and their importance

 

 

1. The importance of underwriting standards to a healthy real estate finance market

2. Changes to mortgage underwriting standards prior to the real estate boom that may have helped the boom accelerate and also created the conditions for the real estate collapse

3. Changes to mortgage underwriting stand​‌‍‍‍‌‍‍‌‍‌‌‍‍‍‌‍‌‌‌‍​ards after the real estate collapse that were enacted as a response to the collapse; and

4. Give an example of current underwriting standards for any underwriting group.

 

 

Sample Solution

Mortgage underwriting standards and their importance

A typical real estate transaction has so many moving parts, it can be easy to get lost in the details. Amid market fluctuations, advances in technology, and changes to the home buying industry, today`s investors are required to pay extra attention to make sure nothing falls through the cracks. One part of the underwriting real estate transaction process exists specifically to help investors (and lenders) avoid potentially risky deals. Underwriting is a crucial part of the transaction process as it can help both investors and lenders bypass unsuccessful properties. Simply put, real estate underwriting can be thought of similarly to the pre-approval process for a loan. Both analyze a borrower`s finances to determine the viability of a deal.

Finally, jus post bellum suggests that the actions we should take after a war (Frowe (2010), Page 208).

Firstly, Vittola argues after a war, it is the responsibility of the leader to judge what to do with the enemy (Begby et al (2006b), Page 332).. Again, proportionality is emphasised. For example, the Versailles treaty imposed after the First World War is questionably too harsh, as it was not all Germany’s fault for the war. This is supported by Frowe, who expresses two views in jus post bellum: Minimalism and Maximalism, which are very differing views. Minimalists suggest a more lenient approach while maximalist, supporting the above example, provides a harsher approach, punishing the enemy both economically and politically (Frowe (2010), Page 208). At the last instance, however, the aim of war is to establish peace security, so whatever needs to be done can be morally justified, if it follows the rules of jus ad bellum.

In conclusion, just war theory is very contestable and can argue in different ways. However, the establishment of a just peace is crucial, making all war type situation to have different ways of approaching (Frowe (2010), Page 227). Nevertheless, the just war theory comprises of jus ad bellum, jus in bello and jus post bellum, and it can be either morally controversial or justifiable depending on the proportionality of the circumstance. Therefore, there cannot be one definitive theory of the just war but only a theoretical guide to show how wars should be fought, showing normativity in its account, which answers the question to what a just war theory is.

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