Subprime lending

If you have a home and a mortgage, you may want to consider Home Refinance Options or even consider using a Refinancing Mortgage Calculator, so that you can understand what refinancing could do for you. While refinancing is never looked at as a good thing because it means that you are struggling financially, it can help you afford your mortgage and get back on track financially. Refinancing has a lot of positive benefits and below, you will find reasons why you should consider refinancing. Real…

Coal companies are making big bucks by digging up land in search of coal and in the process they’re barely cleaning up the mess they made. They have the money to do the cleaning up, but they don’t want to pay it. Even regulators are fearing a one billion dollar coal cleanup bill. If it was up to the coal companies they would leave the $1 billion bill for the taxpayers to deal with. Michael Corkery states that, “ The regulators worry that coal companies will use the bankruptcy courts to pay off…

Similar kinds of backdoor derivatives deals resulted in some U.S. cities and counties filing for bankruptcy as well. In 2011, Jefferson County, Alabama entered into the largest municipal bankruptcy at that time with $4 billion in debt. Remember the example with the treasurer of Orange County, CA who relied upon psychic advisors? In that instance, Merrill Lynch representatives roped him in with a derivatives contract. On the other hand, JPMorgan Chase took the ethical high road by refusing to…

The Federal Reserve System, also known as the Federal Reserve, is the central banking system of the United States. Due to a series of financial crises with many banks, especially the one in 1907, the Federal Reserve was created in December 1913. The many crises led to “panics” which caused people to run tot heir banks and withdraw all of their money. During those times when one bank failed, the same would happen to other banks, which caused customers of other banks to withdraw everything, even…

6.1.1.the difference between high, medium and low income, the development of different housing policies. On high earners by the supply of commercial housing market; for middle-income earners, supply of public housing, government public housing development and construction enterprises to sub loan guarantees and interest subsidies preferential support and regulation public housing construction standards and cost; of low income, low standard of low-cost rental housing, rent not sell, rent more…

The steady growth of the homeless population in the Washington DC area has been an ongoing issue for many years now with no end in sight. There are many reasons why people become homeless some of the most common reasons are the loss of a love one, mental health issues, loss of a job, drug problems, and gambling debts. The statistics have shown that DC has “65 percent of the regions homeless population and an estimated 1.2 percent of DC’s total population is homeless. The average for the region…

In 2008 the housing bubble in the united states crashed, it created the biggest decline in the housing market since The Great Depression. To this day, people can still feel the effects from the crash. The crash can be attributed to the greed and stupidity of bankers, and some of the highest levels of leadership in this country. Negative impacts were seen around the world, but the biggest ones felt in the US were: Massive spikes in unemployment, increases in foreclosures and Unemployment The…

1. The textbook authors put the word “crisis” in quotes because, it was caused by human greed, and that could have been avoided. 2. The 2008 financial crisis hurt both individuals, business and the country in general. According to Ryan Guina’s article on the great recession; the recession was caused by greed! The United States’ economy is built on credit. Credit is a great tool that promotes growth and jobs, and if abused, the outcome can be catastrophic, as witnessed in the 2008 crisis. - For…

Everyone has a trigger word. It is the word that sparks a thought tsunami in a person’s brain and an emotional hurricane in a person’s heart. It is a word that sparks memories that should stay repressed but float back up to the brain. My trigger word is “2009.” It was an average day. I was at soccer practice when my mother arrived to pick me up early. On our ride home, my mother informed me that we weren’t going home. We weren’t going to the home that my father built along with countless others…

During the recession, rates spiked over concerns that short term lending to distressed financial institutions would backfire. The latest move though has less to do with financial institutions and more to do with new regulatory changes on U.S. money market funds that went into effect in mid-October. The reform requires…