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In a time of financial crisis, more specifically post foreclosure crisis, struggling individuals who are either unemployed, have low income, or are in the process of recovering from bad credit, are pondering about ways they can leave their current checkered state and attempt to re-enter the world of home ownership. In addition to getting hit by the foreclosure crisis, according to Les Christie from CNNMoney, some ex-homeowners who were in the process of rebuilding their credit score got hit…

groups of people during the same period. Michael Burry is a hedge fund manager of Scion Capital who discovers the tendency of a housing bubble in the near future. He finds that the housing market is backed by subprime loans which are poor credit rating loans and have high default risk. Then, he decides to bet against the housing market. After that, he offers the banks to buy short against the surging housing market, which is called ‘a credit default swap’. At the same time, Jared Vennett finds…

who told the small audience that after more than a decade of being at the helm of Lennar in the Bay Area, he was now switching job titles to hold a similar position at Five Point Holdings Inc. Credit rating firm Dun & Bradstreet not bullish on Lennar's long term prospects these days The credit rating firm of Dun & Bradstreet is not bullish on Lennar’s long term prospects these days. It is this Lennar-controlled entity which is their shell company for handling the operations of military base…

A Closer Look at Credit Scores In its simplest form, a credit score is a number that helps lenders ascertain the likelihood of you making your payments on time. The score and or scores are a summary of risk, and the higher the scores, the lower the risk, according to banks and lenders. The actual score is a three-digit number that can range from 300-850, depending upon the agency providing the information in your credit report, with 850 being nearly perfect credit. There are three…

that allowing customers to purchase on credit greatly increase sales and therefore profits, that is, only when the customers pay them for their goods. Therefore, when offering credit to its customers, Office Products Depot first checks the credit rating of the customer to identify if the customer will pay for goods they have purchased, and if they are likely to get their payment. This credit check will look at the customer’s previous transactions and payments, and also if they have any existing…

The main debt solutions available to residents of Scotland are as follows; Protected Trust Deed. A Protected Trust Deed is an agreement between you and the people you owe money to (also known as your creditors). It works by you agreeing to REPAY A PERCENTAGE of your debt in one affordable monthly payment over a given time (usually around four years). Once you’ve made your final payment, the remainder of your debt is written off. You’ll still have enough money left over to live your life after…

clear the accounts that are weighing me down but at least I know what I have to do to fulfill my dream. The current real estate marketlets discredited clients know that the door is not completely closed on their future. Having a terrible credit rating does not mean you have to quit on your potential to have a house. Once someone is able to rebound from their pitfalls, there will be options towards helping you…

“Managing My Money” In order to live a safe, happy, and healthy life, you need to manage your money. It seems simple like instead using your savings to buy a new, cool gadget, you’ll use your savings to buy a book that you need for class or bus tickets for transportation to get about places, but managing money is much more complex than that. It not just planning how you’re going to spend money on the things you want and the things you need. It’s about how you’re going to spend on expenses…

Introduction European sovereign debt crisis triggered by the financial crisis of America swept across whole European countries. Why the Eurozone is too weak to resist the crisis? Are there any problems of the Eurozone? The sovereign debt crisis has spilled over to the banks, which increases the credit risk exposure of the banks. It is necessary for us to understand how the crisis impacts banks’ exposure and what are the reactions of the banks with respect to their capital provision. Finally,…

With every cloud comes a silver lining. I always heard the saying growing up and never seemed to understand its true meaning. While taking a microeconomics class we dug deep into this topic. That’s when I was able to wrap my head around its true definition. I feel as if the economy crash a couple years was bound to happen. Our morals were out the window for a few dollars. Everyone from the buyers to the sellers were jeopardizing significant values to make sells complete. I feel as if we could…