FHA loan

policies that encouraged home ownership, in the manner that banks were providing home owner loans to people with lower credit reliability, as well as an overvaluation of certain subprime mortgages on the theory that the housing prices would continue to rise. Essentially what was happening was that banks were loaning money to unreliable borrowers to purchase homes. The standards for whom was eligible for a loan were becoming increasingly more lenient and flexible; from 2004- 2006, the subprime…

What is a Jumbo Loan? Put simply, a jumbo loan is a mortgage loan that is higher than conventional loan limits. Every year, the two largest agencies, Fannie Mae (FNMA) and Freddie Mac (FHLMC) set a limit on the amount they will pay to purchase home loans. The current limit for a conventional loan on a single-family home, in all but two states, is $417,000. Jumbo loans make it possible to purchase the high end home of your choice when the amount exceeds the limit. Jumbo Mortgage Loan…

“When Angelo Mozilo succeeded in having Countrywide Financial join Fortune’s list of Most Admired Companies in 2005, and Barron’s named him one of the 30 best CEOs in the world, the then- largest mortgage lender in the country was already on a fast track for derailment – a crash that helped cause the 2008 economic meltdown.” (Gael O’Brien) In 2002 the Georgia State Legislature set what should have been an example to the rest of the United States by passing the most aggressive predatory lending…

This would help prepare me for graduate school because prior to entering and receiving my Bachelor’s in Finance I would already gain a fair amount of knowledge with working in a Corporate setting, loans, credit and the MLOL would prepare me for my career as a Real Estate Agent. After three years of experience as a Financial Relationship consultant, finishing my bachelor’s degree, I will apply for The University of Alabama’s PhD in Finance program…

work to 16 hours of self study and then finally conventions, clubs and volunteering to give back to the community that has done so much for me. I would have taken out a student loan to pay for college but because of my part time work to assist my parents with our living situation I wasn’t able to justify the student loan. My parents work very hard for what we have and it is harder and harder to support ourselves with the high rental prices in metro Vancouver let alone the rising cost of tuition.…

There is a gorgeous 4 bedroom two-story home located at 8500 S. Claiborne Ave., New Orleans, Louisiana. Every inch of this 1,919 squared foot home is outfitted with an impressive blend of styles, comfort, and quality. As you enter you will be greeted by a nicely remodeled interior with an open floor plan and stairs leading upstairs to 4 inviting spacious bedrooms. Some features of this home includes: ceramic tile, hardwood floors that are in the bedrooms, vaulted ceilings on the lower level of…

An unexpected expense can wreak havoc on your monthly budget or leave you scrambling to find a way to cover the bill. However, according to a report appearing in USA Today, many Americans do not have the savings to cover an unexpected expense of $1,000. Approximately 75 percent of households earning less than $50,000 per year and 66 percent of those earning between $50,000 and $100,000 annually stated that they would "have difficulty" raising $1,000 for an unexpected expense. A study conducted…

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…