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Loss Mitigation Fraud

Each year hundreds of thousands of organizations in the United States experience the negative effects of workplace crimes firsthand. These detrimental and costly experiences lead to considerable losses in productivity, assets, workplace/employee morale, and tragically, even life. They also usually require resorting to the hiring of security consulting firms or security companies. Crimes known to occur in work-type settings include: theft, vandalism, assault, kidnapping, arson, rape and murder, among many others. Mitigating your exposure and risk to these security threats begins with identifying vulnerabilities in your organization that would be conducive to these crimes. One of the first steps that are taken by security guard companies in this process involves conducting an effective security assessment, to expose onsite weaknesses that can create the kind of conditions necessary for the perpetration of these crimes.

Different types of organizations have different types of security needs. For instance, the usual security concerns of an industrial plant facility manager may be different from those of the owner of a car dealership. Where the car dealer may be mostly concerned with keeping his/her assets safe when the dealership is closed, the industrial plant facility manager may be focused on securing the onsite and logistical safety of all manufactured goods or substances, as well as keeping employees and local residents safe. In fact, while many organizations view security as a simple service involving the protection of people and assets, there are a myriad of security deployments that can be implemented to address a wide variety of security challenges. In consideration of these varying deployments, a security company has various factors to consider, including:

Crime Risk:
Is there a high crime rate in the area?

Types of Assets:
Are there on-site assets to be protected? If so, are they portable, or difficult to transport?

Traffic:
Does the establishment receive pedestrian traffic?

Types of Substances:
Are there on-site substances or raw goods/materials to be protected? If so, are they consumable or hazardous?

Time:
Is the establishment open 24 hours a day, or only during business hours?

Accessibility:
Is your establishment located above, or on, ground level?

Stress:
Is the establishment a high-stress atmosphere?

All of these factors can have a significant effect on the type, and manner in which, a security application is deployed. In addition to the on-site scenarios indicated above, consideration must also be given to behavioral and motivating factors that can influence certain types of crimes, and identify specific types of offenders. For instance, depending on your type of organization, a theft may be more likely to be perpetrated by an employee than a complete stranger. Below is a general guideline for behavioral or motivating factors associated with the following crimes:

Theft:
Dispassionate crime. Objective is personal gain.

Assault:
Passionate crime. Objective may be revenge. Usually committed by employees or their spouses/ex-spouses, relatives, friends or associates.

Fraud/Product Tampering:
Passionate crime. Objective may be revenge or personal gain. Can be committed by employees, customers or contractors.

Vandalism:
Can be Passionate or Dispassionate crime. Objective may be revenge or boredom/recklessness. Usually committed by young adults/adolescents or disgruntled employees.

For each of these crimes, the deployment of visual deterrents, such as security guards and surveillance cameras, has a varying degree of effectiveness. For instance, a passionate offender, such as the ex-spouse of an employee whose mind is unequivocally set on an onsite assault, is less hindered by the presence of security cameras than the burglar, whose goal is to perpetrate a theft without getting caught. By understanding the security factors pertaining to your specific organization, as well as the types of risks your organization may face, you, or your security agency, can develop an efficient and effective security plan, which in the long run, can save you a considerable amount of time, money and resources.
About the Author:

Harold German is a renowned author and contributor, with appearances on CNN and in noted international publications, such as The Economist. Mr. Germans latest articles focus on becoming a security guard, as well as how you can start a security business. He is a senior writer for Partner Service Sites. Copyright

Source - Mitigate Risk for a Successful Workplace Security Plan

Mortgage Loan Modification 5 - Home & Real Estate Marketing Nov08 - Loss Mitigation works for Banks

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Home Loan Modification San Diego

There is a great quote regarding history that goes – those who do not study history are doomed to repeat it.  However, it seems that even as we are watching history play out, we are seeing people repeating it again and again.  A huge portion of our current economic crisis was caused by subprime mortgages and predatory lending practices.  Unfortunately, some companies are going back to the subprime concepts.

Toll Brothers Inc. is using a subprime tactic to lure new home buyers, offering a 3.75% interest rate for seven years on conforming loans. Many companies are expected to copy the concept, in spite of how badly the economy collapsed because of it.  During the housing boom, home buyers were tempted by loans that offered shockingly low rates, only to see them reset higher, sometimes very quickly, which resulted in crippling payments two and three times the original amount.  People who were banking on a home increasing in value were sorely disappointed.  This tactic is once again being used by mortgage companies to attract prospective homeowners, ignoring how this very tactic crushed large portions of the nation’s economic vitality.

If you would like to witness for yourself just how bad the financial carnage is, go to the office of any loan modification attorney and see the long lines of people hoping they can get some help in avoiding foreclosure and stay in their homes.  People with ARM loans which have adjustable interest rates watched their monthly payments spike, often sapping them of any financial security they had.  People paying two or three times as much for their monthly mortgage payment meant less money spent on food, clothes, healthcare, cars, etc.  This hurt homeowners as well as the economy as a whole.  The number of foreclosures in certain neighborhoods, especially in California, went through the roof, as people from San Diego to Eureka and from Needles to Santa Monica had to walk away from homes they’d lived in for years.

California loan modification attorneys have seen serious fallout from all the foreclosures; people who were once pillars of their community had to move to lower income housing in other neighborhoods because they could no longer afford their mortgage payments.  Sometimes, whole communities seemed to be uprooted, and entire blocks were just covered in “for sale” signs.  City and state governments were crippled because they were not bringing in property taxes and as a result municipal services shut down.

Much of this was caused by subprime mortgage practices, and the thought of these practices returning is terrible.  California loan modification attorneys have been working night and day since the economic crisis began to help people affected by the subprime mortgage crisis, and other homeowners as well.  Foreclosures ruined entire communities, and even with loan modification attorneys working tirelessly, sometimes it seemed like a never ending battle.  For many people facing foreclosure however, a California loan modification attorney might just be their best friend.  Loan modification attorneys can negotiate with lenders, file paperwork and effectively fight to keep people in their homes and off the streets.  Trying to do a loan modification on your own might be a losing battle because of how much work it takes.  However, having a seasoned loan modification professional could save you tens of thousands of dollars in the long run.

Visit us at http://www.feldmanlawcenter.com or call 800-588-0425.

Legal Disclaimer

The information contained herein is provided for general information and advertising purposes only and is not intended to convey a legal option nor legal advice for any particular case or situation. Nothing in this article shall create an attorney-client relationship. Nothing sent to this law office via e-mail shall constitute an attorney-client relationship. Nothing contained in this article shall be construed to be a guarantee or prediction of result. Prior results are provided for general information purposes only and do not guaranty, warranty or predict a similar outcome with respect to any future matter.   Results achieved depend on individual circumstances and not everyone will qualify or be successful in restructuring their mortgage loan.

Author: Greg Feldman

About the Author:

We are the #1 website for FREE loan modification help and mortgage assistance programs to stop foreclosure. Loan Modification Help Center has information about loan modifications and resources to help you with your home loan modification Learn what agreement, and government help is available today!

Article Source: ArticlesBase.com - Feldman Law Center - Are Subprime Mortgages Returning?

Mortgage and Home Loan Modification Services San Diego

Subprime Crisis Causes And Effects

The United States Treasury Department, along with several other federal financial regulatory agencies, released a Statement on Subprime Mortgage Lending in June 2007. This sizeable document (it is 31 pages long) is aimed at people involved in borrowing and lending for mortgages at subprime rates. Of particular concern to the authors are adjustable rate mortgages (ARMs). The Statement provides guidelines that will ensure more appropriate practices regarding ARMs. The agencies are concerned that lenders persuade borrowers to take out ARM loans by giving them an extremely low rate of interest (called a “teaser rate”) for the first few months. Unfortunately, this rate adjusts upward very soon to a formula based on and exceeding the prime rate. Now the loan is no longer within the means of the person who is classified as a subprime borrower, and it will cause extreme financial hardship. Other issues covered by the Statement are below.

Adequate documentation of income for subprime borrowers is not always required by lenders. This practice is of concern to the agencies because it leads to so-called “liar loans.” A borrower can put whatever inflated number he chooses on the application form, knowing there will be no effort to verify that this is truly the amount of his income. These loans greatly increase the chance that the borrower will default, which is a problem for the lender as well.

The agencies also address the problem of the introductory rate period. Most ARM loans include significant penalties for early prepayment, and the penalties extend well past the initial period. In addition, borrowers are not always given full information about additional monthly payments that will be required, such as taxes and homeowners insurance. This failure to disclose such information leaves the borrower at an enormous disadvantage, and will no longer be permitted.

It is interesting and unusual that, three months before releasing the Statement on Subprime Mortgage Lending, the agencies involved in creating it requested comment from the public, from members of Congress, and from financial institutions that engaged in mortgage lending. From the industry came the comment, over and over, that they are opposed to disclosing to borrowers all the details of ARM fees and rates. They think that would result in “overloading the consumer with information”! This is of great concern to the agencies, and to the author of this article as well. We don’t think the average consumer requires the protection of subprime lending agencies from information overload. Consumers can handle information just fine! Failure to disclose costs and fees for which the borrower will be responsible is nothing short of deception.

Virtually all comments reflected uneasiness that there was no adequate definition of the term “subprime” within the Statement. When the final revision appeared in June, readers were requested to refer back to the definition of a subprime borrower contained in the earlier guidelines document Expanded Guidance for Subprime Lending (2001). All the pertinent characteristic are listed there, and can be used in determining whether a particular borrower should be classified as subprime.

The Statement also requires that every borrower be given a full repayment schedule, including information on amortization, and an estimate of the amount of insurance and taxes that will be applicable. This must be done whether or not the extra costs are escrowed and are included in the loan. The extra charges must be part of a mandatory and accurate calculation of the borrower’s debt ratio.

The Statement on Subprime Mortgage Lending is a valuable effort to remedy some of the ailments of the current housing market, and insure that subprime borrowers as well as subprime lenders are not left with a financial disaster on their hands because of imperfect communication between them.

About the Author:

Learn more about Subprime Consumer Lending as well as insight into Foreclosure Lending Subprime when you visit http://www.subprimelendingcrisis.com, the online portal and resources for subprime mortgage lending crisiss.

Article Source: ArticlesBase.com - Subprime Mortgage Lending - 2007 Statement

Insights & Outlook For The Effects Of Subprime Crisis