Consider the following two-part case study and share your response to the following two questions with your instructor. Case, Part 1: Velma, a 59-year-old minority woman who works as a teacher, contacts you about getting a loan to purchase a condominium. As you're chatting, she indicates that she's hoping to retire from teaching in three years. You take her financial and personal information and see that you should be able to get her the amount she needs to purchase the home and now you need to discuss terms. You share some loan options with her and she insists that she's only interested in an adjustable-rate mortgage because she wants the lower monthly payments to start and is convinced the interest rates will stay low or go down even further. 1. What should you share with Velma about an ARM loan given her situation? Are you obligated to help her apply for the loan she wants? Case, Part 2: Suppose you decide that you will not submit an application for an ARM due to Velma's intention to retire in three years, about the time the monthly payments on the loan could jump beyond her ability to pay on a fixed income. You don't want to seem as though you are pushing through an inappropriate loan. Velma is very unhappy and accuses you of refusing to help her because she's a woman and a minority. 2. It seems as though your choice is between risking accusations of discrimination or accusations of predatory lending. Now, what do you do?

o 11.12-Homework Assggniment Ethical Decision-Making Case Sudy Directions: Conside the following two part case study and share your reiponse to the following two quention with your instruchor: Case, Part 1: Velma. a 59 year-old minority woman who wooks as a teacher, contacts you about gettinig a loan to purchase a condominium As youne chatting she indicates that Phe s hoping io ieter from teaching in three yeas You take her financial and personal information and see that yous should be athe to get her the amourt she needs to purchise the hame and now you need to diocuts terans. You share some loan options with her and the insists that the s ony interested in an ad ustable-rate mortgage because the wants the lower monehy pyyments to start and a comvered the interestrates will stay low of go down even furthei. 1. What should you share with veima about an ARM loan given her situation? Are you obigated to help her apply for the loan she wants? Case, Part 2 Suppose you decide that you will not sutnit an applicotion for an AMM due to veima s intention to netice in thee yean, about the time the monthly pryments on the loan caula jump beyond her absty to pay on a fied income. you don t want to seem as though you are pushing through an inappeoprate ban. Velmas is very urhappy and actuses you of iefuury to help her brcaune the s a wortan and a mincinty. 2. It sems as though your choice a between rhking accusations of disctimanation or atcustions of predatory lendeyg Nowj what da you do