Bank of America Home Loans

1. The main thing American’s do not realize about income inequality is how large the gap is between the wealthiest 1% and the other 99%. America ranks as having one of the largest gaps in distribution of wealth. In 1978, the typical male worker’s income was 48,302; in 2010 the typical male worker’s income has decreased to 33,751. However, the people in the top 1% have increased in income, from 393,682 in 1978 to 1,101,089 in 2010 (Inequality for all, 2013). The gap is not getting smaller but…

flip side of the market, a term called shorting but had never been offered on home loans. It is when someone believes that a market is going to go down that that person is bearish. To have an actual market, you need to have someone who is bearish sell so that others can buy including company stocks, currency exchange, bonds, and more. However, this does not happen with loans. However, one person went to the large banks and requested a way to bet against the housing market. Being that Wall Street…

If you were to ask an average white American today if they believe segregation between white folks and black folks still exists, the answer would most likely be no. Why would they have a reason to believe the opposite if federal fair-housing laws have been on the books since 1968? But why is it that “in a network of 100 friends, a white person, on average, has one black friend”? (Kristof 2) In the article Redlining Revisited: Mortgage Lending Patterns in Sacramento 1930–2004, Jesus Hernandez…

Education in America College has always been part of the American dream. However, the rapid increase of tuition and other costs (housing, textbooks, loans etc.) has made going to college harder than ever. Now, more and more people are choosing not to go to college because of how expensive it is. Yet college degrees are valued so high and are important to many people. Countless people believe that the cost of a higher education in America is worth every penny spent. Is college in America…

poverty; home ownership was something wished for, thought about, but not really obtainable. The great housing crash that occurred a few years ago, honestly didn’t affect my life since I have been a renter of my property and never an owner. I saw the reports on the news and saw the “for sale”, “foreclosure”, and “reduced price” signs all over nearby homes, and I thought about the families that lived there and what they were being forced to give up in order to even survive. Owing a home, owning…

Morocco first began as not a home to the Moroccans, but as a home to the Berbers stating back to early B.C. The Berbers lost their home in 1660 to the Alawite dynasty, which is a sherif dynasty that has the same guidelines and practices that Morocco still follows to this day (FactMonster). The land Morocco sits on was constantly up…

Yes, indeed, the real estate and mortgage meltdown did have a crushing impact on the United States economy. No one knows that better than me. During the time of the real estate industry collapse, my husband worked for a company that did marketing for both the real estate and automotive industries – perhaps the two worst industries you could be involved in at that particular time. Within two years, the company went from being on the illustrious Inc Magazine “Top 500 Fastest-Growing Companies” to…

The Effects of American Consumerism America, the land of the free! Americans are a proud people. We have fought wars for freedom and for the rights of the people. Yet, are we really so free, and at what cost to others? The steady rise in consumerism has created a devastating effect not only on our every day lives but on a global level. The Great Depression of the 1930s affected people of varying statuses, both the rich and poor. It mirrored a time of unemployment, poverty, and a drop in…

20th century was a time for the United States of America to remember. It was the time, where the United States America have moved beyond gunfighters, mining and homesteading but an industrialized nation and a world superpower. It was the time of Industrialized and civilized nation where there was no more child labor and Prohibition era which was the banned of alcohol. However, the twentieth century also was a time that caused the United States of America in a shaky situation with the effects of…

wants to take a loan out on the house. She says there’s a hundred, hundred ten equity into it and she’s like, no way, you can file for bankruptcy and wipe out most of the medical bills, plus you get to keep the house. But if she does the equity loan and then can 't make the payments, she and dad lose the house. And even with the money from the equity loan, They’re still gonna owe a ton of medical bills” (Billy Lynn’s Long Halftime Walk, pg. 85). This shows the leverage that the bank has over the…