Nobody downloaded yet

Suprime letting Literature review - Essay Example

Comments (0) Cite this document
Summary
The recent crisis in the US sub prime markets has fuelled a debate on the effects and fall-outs of the financial debacle upon countries in the European Union which includes the United Kingdom. In the present age of globalisation, it would be unrealistic to assume that the financial turmoil is the world's largest economy will not cause at least a ripple in the other major world economies .
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER96.1% of users find it useful
Suprime letting Literature review
Read TextPreview

Extract of sample "Suprime letting Literature review"

Download file to see previous pages While there is no official credit profile that describes a sub prime borrower, it is generally accepted that people in the United States having a credit score below 620 points will fall into this category. In an attempt to tap this burgeoning market, lenders often speculate and take risks associated with lending to people with poor financial records. Sub prime offers an opportunity for borrowers with a less than ideal credit record to gain access to credit. It has been found that over the past six years, home ownership nationwide increased from 66 percent of the working population, to almost 70 percent. The pros and cons of sub prime markets will now be discussed in the literature review .The obvious advantage of Sub-Prime letting is of course the fact that people with poor credit history, low income and no assets are able to borrow money from many banks and lending company's .This is advantageous also as small or no deposit is accepted and this may prove attractive to many people who are not aware of the consequences of such borrowing or lending.However this market has its cons in the sense that it is unpredictable due to variable interest rate and the debtors may not be able to able to keep up with the payments thus causing credit victimization as the lenders may be able repossess the property/ business and are able to profit from re-sale through draconian lending contracts.

Aims

The main research question therefore is
"To what extent has the sub- prime phenomenon of the US financial markets affected the UK economy"
The reason for selecting this topic is the recent financial crisis in the US sub-prime markets which has caused a world wide concern as to its concerns for its e effects and fall-outs on the EU Bloc which includes the UK. The research will be undertaken through a variety of secondary and primary research methodologies to have a better understanding of the research question within the given time scale.

Secondary Research Questions
What is Sub-Prime letting
What is the relationship between the UK and American Housing market
What are the current conditions in the American Housing market with reference to Sub prime letting
The aim is to identify the correlations between American Mortgage lenders and the UK lenders.
Economic conditions, interest rates, inflations and other factors.
With reference to economic conditions we may be able to identify as to why people are subjected to the sub prime market.
What are the pros and cons of sub prime mortgage lending

Research Strategy

Research is a fact finding activity (Dominowski, 1980). The aim of primary research is to make known something previously unknown to human beings and to advance human knowledge by making it more certain or better fitting; the aim is discovery (Elias, 1986). Kerlinger (1970) uses more technical language to define it as the systematic, controlled, empirical and critical investigation of hypothetical propositions about presumed relations among natural phenomena.
The research philosophy depends on the way we think about the development of knowledge and this thinking affects the way we do search (Saunders 2000). Whilst undertaking the research, a clear understanding of ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Suprime letting Literature review Essay Example | Topics and Well Written Essays - 1250 words”, n.d.)
Retrieved from https://studentshare.org/miscellaneous/1527811-suprime-letting-literature-review
(Suprime Letting Literature Review Essay Example | Topics and Well Written Essays - 1250 Words)
https://studentshare.org/miscellaneous/1527811-suprime-letting-literature-review.
“Suprime Letting Literature Review Essay Example | Topics and Well Written Essays - 1250 Words”, n.d. https://studentshare.org/miscellaneous/1527811-suprime-letting-literature-review.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF Suprime letting Literature review

Land Use Effects on Water Quality at Different Sites along the River Ribble

...is preserving one’s own life source. Letting it go dry or killing it is similar to digging our own grave. References Collins, A.L., & Anthony, S.G., 2008, 'Predicting sediment inputs to aquatic ecosystems across England and Wales due to current environmental conditions’, Elsevier Ltd, Retrieved January 11, 2013 from http://pubget.com/paper/pgtmp_2dbb06cf-dc7b-e113-5dd9-e6e72134b633/Predicting_sediment_inputs_to_aquatic_ecosystems_across_England_and_Wales_under_current_environmental_conditionsv Environmental Agency, 2007, Managing the Water Environment Together, Integrated Catchment Management Plan for the Ribble. Environmental Agency 2012, National recognition for the River Ribble, Retrieved January 11, 2013 from...
12 Pages(3000 words)Literature review

Organisational Behaviour Literature Review

...the organizations assign them to do as they consider it as the company’s grace. If the employees work in this state of mind then it would be very difficult for organization to achieve the objective of downsizing (Wagner, 1991). However, a smaller proportion of people take it as exciting and career expanding because they become optimistic about themselves, optimistic in a way that there must be some extraordinary quality in them; this did not let them go out of the organization. Nevertheless, one cannot deny that larger proportion of people is always in fear and organizations must take some impactful steps to bring them on the right track. Alcoa Inc. an aluminum producing company faces the same situation during many...
5 Pages(1250 words)Literature review

Role of HR in developing talent at work in the banking sector (UK and US)

...with poor performers; the low productivity contributes to an organization’s declining performance. Therefore, the right mindset is required in such a situation, the managers can either decide on continuing to training the employees or letting them go. According to Phillips & Edwards (2008, p.20), when a new talent is on-board, it is the duty of the HR to develop and retain this talent; however, any miscues could jeopardize an employee’s commitment. According to Saddler & Hunter (2011, p.101), attracting the right talent at first is very important, as it enables the human resources to develop a logic programme that will enhance such talent. Therefore, it is worth noting that poor performers drag the company behind, thus,...
6 Pages(1500 words)Literature review

Investigation on the Influence of the Recession towards Online Retail Shopping

...which are available (Matthews & Hendrickson, 2001). References Berni, P. & et. al., No Date. Objectives of the Research. Strategy of the Retail. [Online] Available at: http://ressources.ciheam.org/om/pdf/c15-2/CI011046.pdf [Accessed February 22, 2012]. Chan, H. & et. al., 2007. E-Commerce, Fundamentals and Applications. Media Wiley India. Doherty, M. & Harrob, J., 2003. Satisfying the Consumer Demand. Integrating the Retail Supply Chain. [Online] Available at: http://www.demandclarity.com/Integrating_the_Retail_Supply_Chain.pdf [Accessed February 22, 2012]. Dutzler, H. & et. al., 2009. The E-Commerce Imperative for Traditional Retailers Letting Go of Old Conventions. Booz & Co. [Online] Available at:...
8 Pages(2000 words)Literature review

Individual's Personal Privacy

..., 2007, pp. 119). Personal identity is very valuable as it enshrines an individual’s personal privacy. It becomes more vital to guard personal identity when information becomes very precious. Advancement in the information system has it become a difficult task to protect an individual’s personal identity. Autonomy may referred to as the feeling that an individual feels to be in control of his or her own destiny. Individuals remain autonomous by not letting other people to get to know information about them. Therefore people will tend to make relationships with those people or groups who will have respect for their autonomy, more in decision making. Social relationships are built on information. Many relationships break up when... TECHNOLOGY ...
8 Pages(2000 words)Literature review

Textual Analysis: This Is What It Means to Say Phoenix, Arizona

...the past about Victor’s father becomes an eventual approach to let Victor remembers an old friend whom he used to play with and used to be his closest friend--Thomas. The death of his father made him remembered the things in the past, which he never thought of conceiving with his present locus in life. The remembering of memories with his father represents the remembering of their past traditions. It leads him back to what life had used to be. In relation, Thomas, a total opposite of Victor, showed a good example of a person who knows how to revive the old traditions of their culture, and who always points out that there is still good in doing the things that they used to do in the past. The thing is the character of...
4 Pages(1000 words)Literature review

Depth of hypnotic trance will differ depend on language use

...which reports the results of new empirical work. This includes photographs of brain scans from “low susceptible”and “high susceptible” subjects. The study concludes that it is possible to observe evidence of some kind of frontal involvement in hypnosis, and possibly also disconnection which may or may not be in parallel with this frontal involvement. The brain imaging confirms also that there is an important “letting go” state in the hypnosis process, which “is underpinned by selective inhibition or disconnection of frontal functions from posterior and subcortical functions, leading to the giving over and the placing of the executive and planning functions under the hypnotist’s influence, to suspension of critical...
14 Pages(3500 words)Literature review

Anti-Social Behaviour

...of miscreants, thus destabilizing the entire set up of the local community as a whole. It can lead to financial losses to the local authorities, due to vandalising of property leading to difficulties faced by them in letting and sub-letting accommodation areas, thus ultimately resulting in serious losses to the local authorities in terms of rent. It is hence of utmost significance to ensure that proper policies are in place to prevent such behaviour in public and provide adequate support and protection to the local residents through adoption and implementation of various effective policies. The same can be done through adoption of a proactive approach to address this issue and including as one of the...
12 Pages(3000 words)Literature review

Design innovation in pakistan textile

...in Computer Science. Hajvery University (HU) Hajvery University (HU) is a government University whose motto is unveiling the veiled. It is a recognized institute of higher education started in Lahore Pakistan and is licensed by the Pakistan government as an Autonomous Degree awarding Institute. The institute has further started an addition of three campuses in Pakistan and the fourth one is under way in Dubai. It is recognized across the world through associations letting learners and staffs have the advantage of replacing agreements with more than 35 universities. The university enrolls 3,000-3,999 per year and has an exceptional employment records in Pakistan. Beaconhouse National University (BNU) Lahore Beaconhouse...
5 Pages(1250 words)Literature review

The Feasibility of Virtual Fitting Room in the Fashion Industry

..., through considerable information they are able to predict trends. In turn, consumers take high charge of their shopping experience, as stores become agents for directly satisfying the needs of customers (Pereira, Silva, &, Alves, 2011). In turn, the store has to develop an intricate relationship with the consumer towards satisfying consumers’ needs. This trend eliminates the need for customer care staff, who usually guide customers on issues of fit and measure. The virtual fitting room is a significant way of letting the customer take control of one’s shopping experience. In the age of smart phones, mobile versions of the virtual fitting room can make a huge financial access. It is crucial to assess such an issue from...
8 Pages(2000 words)Literature review
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Essay on topic Suprime letting Literature review for FREE!

Contact Us