jamie24 only 3

Due Date: Mar 21, 2015 23:59:59       Max Points: 160

Details:

Select the population and sample that is the focus of the action research project.

Describe the method of research to be applied and why it is most appropriate for the study. Describe the population, the sample, and how you intend to gather data to address the research problem.

Develop a research instrument that will be used to collect data from the sample population.

For help with questionnaires, view “PSC 495: Questionnaire Examples.”

I will upload the Examples

Please let me know if you receive them

Population Sample

This action research project is focused on the financial crisis of 2008, which involved two of the largest government sponsored financial institutions in the United States; Fannie Mae & Freddie Mac.  The target population are all of the loans let by Fannie Mae & Freddie Mac.  The sample of the target population will be the subprime mortgages that were granted to low income buyers and unqualified borrowers.  The research study will be based on this particular population because it is one of the fundamental elements that ignited the financial crisis of 2008.

 

Research Method

 

The research method to be applied to this research project is a mixed method of quantitative and qualitative research approach.  The use of both approaches is necessary in order to deliver a research project that will provide a simple and substantial analysis of the population under investigation and its measures.  These methods will work in conjunction to complement one another.  For example, the qualitative aspect will help identify the causes and reasons that triggered the market crash.  In contrast, the quantitative method of the research will heavily rely on the descriptive method, which will allow the researchers present a quantitative description of the topic in a more manageable form. (http://www.socialresearchmethods.net/kb/statdesc.php).

The use of the descriptive method will be appropriate because it allows researchers to obtain information concerning the current status of the topic being studied, what exists, with respect to variables or conditions.  Also, this method will help researchers investigate the statement of the problem, and what information is needed to solve the problem.  In addition, this method will allow researchers to develop an instrument in order to gather information that will help identify the target population and determination of the sampling procedure.  For example, in the case of Fannie & Freddie, one of the methods recommended would be a statistic method, which estimates the population parameters which are the characteristics or quality of a population that, in concept is a constant; however, its values is variable (Leedy & Ormrod). Since the sample of this population would be based on Subprime loans, the research study will focus on targeting defaulted mortgages especially those backed by Fannie Mae & Freddie Mac.

After identifying the target population, the instrument that will be used to gather data will be a questionnaire designed to collect information on bad mortgages or subprime mortgages that became delinquent before and during the crisis.  On the other hand, the Qualitative method, will allow researcher to seek for reasons and causes that triggered the market crash. The qualitative method will rely heavily on primary data collection by taking a sample of the population that was heavily impacted by the financial crisis.  This type of data collection can be done in many different ways depending on the target objectives.  However, in the case of Fannie Mae and Freddie Mac, this study will concentrate on statistics produced before the and after the crash. Then, the data collected will have to be interpreted in an organized format, which will allow the researcher make sense of the data found.

 

 

 

 

 

 

Research Instruments

The research instrument that will be used to collect the data from the sample population will be a questionnaire similar to the one below, records of loans granted between 2004-2008, interviews, and web based questionnaires and documents reviews.  These data collection methods are the best-suited tools to collect the data for the sample population of my research study.

Dear Survey Participant,

 

           Your participation is greatly appreciated.  The findings of this study will be used to improve the mortgage process.  Your responses and identity will be kept confidential and not released without your consent. 

 

Demographic Information:
For each of the following items, put an X beside the choice that best describes the sample of the population:
1.	Gender of primary borrower		Male		Female
2.	Life of the mortgage       Household income_________		10-15		20-25
			25-30		30 & more
3.	Name of first lender______________
Checklist Items:
Below is a list of mandatory procedures to be conducted by the banks before approving a borrower. Put a check in front of each resource you think were adequately addressed by the lenders:
4.		Check personal credit scores
5.		Current financial solvency at the time
6.		Number of attempts before approving the loan and # of rejections if any
7.		How was your credit score upon approval, did you need a co-signer?
8.	____________________	What type of loan was granted to you upon approval?
Back Ground
The following are statements that describe the borrower’s background. Read each statement and place a check in the box that describe you (WA), White American non-Hispanic (H), Hispanic (B), Black-Non Hispanic (O) Others
Level Of education, put an x in front of the source that describes your level of education		WA	H	B	O
9.	High School_______
10.	Some College_______
11.	Associates Degree _____
12.	Bachelors Degree _____
13.	Master degree ______

 

Free Response Items:
14.	How you would rate the quality of the service you and the type of loan you received?			Very good		Good
				Fair		Poor
15.	Write a brief explanation of why you feel as you do about the services provided.
16.	Please make additional comments you have regarding the financial services that were provided to you during your loan approval.