Federal Perkins Loan

Boston Tea Party The British East Indian Company went into debt after having corrupt management and becoming involved in a war that cost them a great deal of money. This caused me and another seventeen million pounds to be packed into chests and stored in a warehouse. We all started to lose hope as the days went by and we remained unsold. Then an unlikely hero emerged. His name is Lord North, the prime minister of Britain. He originally put a tax on us that resulted in Dutch tea to be smuggled…

recession. The lack of economic foresight and excessive confidence in consumers and investors in the housing market contributed greatly to its collapse. Simply put, mortgage securities were a hot commodity in investment banking. Individual mortgage loans were packaged into these securities and sold off to investors. These mortgage securities received AAA ratings from credit rating agencies and, therefore, investors saw them…

Our firm represents Jackie Smith, former lessee at the Palace Apartment Complex in Richmond, Virginia. In October 2012, Ms. Smith signed a written lease to rent a unit in the Palace Apartment Complex. Upon signing the lease, Ms. Smith paid a required security deposit in the amount of one month’s rent, or $1200. Ms. Smith rented the apartment for two years and vacated in October 2014 at the end of her lease. We are requesting the return of Ms. Smith’s security deposit in the amount of $1200. As…

Are you interested in buying or selling a home in the Outer Banks area? If you are, you may be interested in using the services of a real estate agent, as many home buyers and home sellers are. While a large number of home buyers and home sellers use the assistance of a real estate agent, you may be wondering whether or not you really should. If you are interested in learning whether or not an Outer Banks real estate agent can help you, you will want to read on. When it comes to selling a home,…

Section 3 The financial crisis of 2008 jolted the structure of the economy and affected numerous sectors. These crises occurred because of numerous reasons that stacked up and created a horrendous long-term impact for the overall economy. The financial crisis cost appears to be $5 trillion to $15 trillion. The stock markets fell miserably after this demise, and strategists were unable to control this demise. Several players played their roles in this demise, and players like banks, firms,…

securities, essentially leaving the majority of home mortgage lenders reliant on the two GSEs. They gave out more subprime and Alt-A loans and their management had access to cheap money and the increasingly growing economy generated fast returns. This caused an increase in foreclosures housing prices to go up which in turned lead to losses for Fannie Mae and Freddie Mac. The Federal Reserve would try to help with allowing low interest rates and Treasury bought the stocks. This failed and they…

Legal ambiguities have caused many banks to drop medical dispensaries from their merchant account roles. For business owners who feel that credit card processing is an integral part of their success, this rash of rejection notices from banks is more than a little distressing. It isn't uncommon for the owner of a dispensary to sign up with a bank only to hear a few weeks later that their services are being withdrawn. A single law, the Bank Secrecy Act, is the source of all the trouble. It…

December 31, 2015 were Mortgage Loans Held for Sale, At Fair Market Value, which made up 31.17% of total assets, and Loans Eligible for Repurchase from GNMA, which made up 22.89% of total assets. The sample file review and the Licensee’s responses to examination inquiries indicated the Licensee does not originate high risk loan products such as payment option ARMs, negative amortization products, second lien purchase money loans, extended amortization, or subprime loans. The Licensee utilizes…

Generally, pre-purchase homeownership counseling has frequently been integrated with efforts to responsibly extend credit to borrowers. Furthermore, counselling proponents have argued that it reduces the probability of borrowers become delinquent or going into default. Fifth Ward CRC's objective for clients who take the Homeownership Promotion and Preservation, pre and post-purchase classes and one-on-one counseling sessions, acquire the skills and confidence to navigate the mortgage lending…

practices have been addressed by the government and other financial entities. Accusations of lenders fraudulently selling shady loans originating through its "High Speed Swim Lane" program, also called HSSL or "Hustle," have been scrutinized and executives have testified to their practices. Lenders were incentivized to sell loans to people who did not qualify for the loan, and were complicit in falsifying documentation that could qualify the applicant even though…