In 2011, Sherry Hunt proved to be a vice president and chief underwriter at CitiMortgage headquarters in the United States. For years she'd been observing fraud, as the firm bought billions of dollars in mortgage loans from outside lenders that did not satisfy Citi credit policy and sold them off to government-sponsored enterprises. This consequently resulted in Citi sales to GSEs such as Fannie Mae and Freddie mac pools of loan which were so likely to default and were drastically faulty. Citi had additionally approved hundreds of millions of dollars' worth of faulty mortgage files for U.S. Federal Housing Administration insurance. The case gives pupils the opportunity to advocate how Hunt should proceed predicated on their evaluation of the stakeholders.
To assist educators, the case contains Kellogg-made videos of Hunt the only on-camera interviews she's ever given describing what occurred after she reported the fraud to Citi HR and afterwards, the U.S. Department of Justice. Within the case, pupils are additionally briefly subjected to bodies and legislation pertinent to whistle blowing in United States, comprising Dodd-Frank Act, the Sarbanes-Oxley Act, and SEC office of Whistleblower.
PUBLICATION DATE: December 09, 2014 PRODUCT #: KEL852-PDF-ENG
This is just an excerpt. This case is about GLOBAL BUSINESS
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