The Birmingham Business Journal reports that mortgage lending is still low but new development spreads hope. Andreas Rauterkus, UAB professor of finance, is quoted in the article about the low number of originations for purchases since 2005. “The decline in home lending is a reflection of the slump in the housing market,” says Rauterkus. “He said with the low number of home sales, coupled with more stringent mortgage regulations, it’s no surprise there’s been a drop in new purchase originations.
“It should have been just as difficult to get a mortgage in 2005, but lenders lowered their standards, and that’s what got us in this trouble in the first place,” he said. “Also since home values have declined, it’s hard to sell a house without being underwater on the mortgage. He added that the low-interest rate environment has encouraged more borrowers to refinance their loans.
For the third consecutive year, The UAB Department of Management, Information Systems and Quantitative Methods (MISQ) held an IS Symposium for current UAB business students to learn more about the IS industry.
In our last e-news, I gave a brief synopsis of our school and then highlighted the people who make the UAB School of Business so special. In this issue, I’d like to focus on our innovative, top-quality programs. Simply stated, our programs are the vehicles by which we engage our stakeholders and satisfy our customers. At the UAB School of Business, we educate students through two sets of programs: undergraduate (e.g. BS degrees in seven business disciplines including Accounting, Finance, Management, Information Systems, Marketing, Industrial Distribution and Economics) and graduate (MBA and Master of Accounting). Our program offerings have remained strong and consistent for several years, but the needs of business are continually evolving, and the UAB School of Business understands the vital need to continually evaluate our offerings to ensure that the programs we deliver are meeting the needs of our students and the business community. That’s why we’re making three significant sets of changes that we believe will enhance our ability to meet the changing needs of our stakeholders and customers.
Jit Patel, a senior business administration major and a member of the Business Honors Society and Global and Community Leadership Honors Program, is the current president of one of the oldest and most prestigious student groups on campus, the UAB Ambassadors.
Call United Way, (205) 458-8970, for more information and to make an appointment.
The four finalists for dean of the University of Alabama at Birmingham School of Business will visit campus during the next two weeks for interviews and public presentations.
The candidates are Kenneth R. Evans of the University of Oklahoma , Eric P. Jack of the University of Alabama at Birmingham, Stephen T. Parente of the University of Minnesota, and David J. Urban of Virginia Commonwealth University.
Online MBA Page.com ranks the UAB School of Business among the Top 50 Social Media Friendly MBA Schools. The list ranks UAB’s MBA program at No. 44 out of more than 400 campus-based business schools from across the United States.
The UAB online accounting program has been ranked seventh in the nation by the Open Education Database (OEDb). The School of Business program is the highest ranked online accounting program in the Southeast.
- UAB Business Class is Lesson for Students and CEOs
- What Is Going to Happen in 2013?
- Banks Are Between A Rock And A Hard Place
- UAB Business Students Take 2 of Top 3 Spots at Pi Sigma Epsilon Competition
- Students Poised to Compete for Top Firms
- Employers in Birmingham Looking for More Top Recruits
- UAB Research Fuels Push for Collecting Online Sales Tax
- Where Can A Business Degree Take You?
- Project Management Certificate Program Helps Graduate Change Careers
- Knowledge and Experience Mesh for Success