BizAnalyst Network: Ameriquest Mortgages: Risky Business, Risky Practices

Tuesday, September 13, 2005

Ameriquest Mortgages: Risky Business, Risky Practices

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September 12, 2005

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In This Edition
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1. News: Ameritrade Sees Profit at High End
2. Case Study: Courion Locks Down Bank IDs
3. Analysis: Ameriquest Mortgages: Risky Business, Risky Practices
4. Calculate Power by the Hour

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Finance Industry Update
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1. News: Ameritrade Sees Profit at High End

Online broker Ameritrade Holding said earnings in the current
quarter should be at or near the high end of its guidance, as it
reported a slight rise in trading volume in August.
http://ct.enews.eweek.com/rd/cts?d=186-2516-17-83-16222-286221-0-0-0-1

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2. Case Study: Courion Locks Down Bank IDs

Courion helps SunTrust Banks manage its identity needs.
http://ct.enews.eweek.com/rd/cts?d=186-2516-17-83-16222-286224-0-0-0-1

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3. Analysis: Ameriquest Mortgages: Risky Business, Risky Practices

No mortgage loan gets made without a processor; and no processor
makes a loan without running the applicant's personal and financial
background through software that can--in theory, if not in
practice--reject those borrowers who can't legitimately qualify for a
loan. Which can be critical, if you're betting the growth of your
business on "sub-prime" borrowers, as Ameriquest has. Otherwise,
dreams of homeownership can become nightmares for buyers.
And brokers.
http://ct.enews.eweek.com/rd/cts?d=186-2516-17-83-16222-286227-0-0-0-1

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4. Calculate Power by the Hour

When Sun Microsystems begins offering computing power for
$1 per central processing unit per hour (CPU) later this year,
you'll have to decide whether it's worth your technology dollars.
The by-the-buck Sun Grid "utility" could be cost effective for
organizations that run lots of complex applications and need them
completed quickly. Before you invest, figure out your organization's
hourly computing costs with this calculator.
http://ct.enews.eweek.com/rd/cts?d=186-2516-17-83-16222-286230-0-0-0-1

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