Tracy Bond

Ban on Usury: Who ban it? In the world of economics, products and activities often got banned by some policymakers or religions. Usury was the ancient term for the modern interest of loan and it has been banned during the time of ancient Israel, the Islamic world and the medieval Europe. The ban on usury majorly influenced by the fundamental nemesis of usury, the bible. What the bible has been discussed about usury was that whether usury fits into morality. Of course, you can see “usury” as a…

U.S. authorities had been closely looking into Stanford Financial Group and investigating the certificates of deposit because of the returns that they were providing to their investors. In addition, the fact that the company’s assets showed an increase of 7 billion in a time span of only seven years (2001-2008) also seemed sketchy. As Stanford’s criminal case states “The indictment alleges that, in fact, approx. $5 billion of SIBL’s reported assets consisted of notes on loans to Stanford and…

Angelo Mozilo’s family was poor and were unable to own their home, which was the driving force behind the creation of Countrywide. Indeed, when Countrywide was founded his primary goal was to make homeownership affordable for everyone, with a focus on minorities and low income families (O’Brien, 2010). However, after 2003, Countrywide’s products sole purpose was to increase market share and was even labeled as predatory by some because it resulted in massive foreclosures hurting the very…

Securing Funding on a Custom Home: 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…

Texas has very strict requirements when it comes to cash out refinance loans. Texas cash out loans, often referred to as 50(a)(6) loans or home equity loans are only permitted in certain situations. If basic requirements aren't met also, the loan is illegal and therefore won't be allowed to go through. For this reason, individuals need to understand the requirements of this type of loan prior to proceeding. Maximum Loan Limits When obtaining cash out loans in Texas, borrowers find they are…

“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…

portfolio. Diversifying is a risk-reducing strategy in which investments are spread out among various industries to ensure maximum return. I initially followed diversification advice from Fidelity, which suggests a diversified approach of 70% stocks, 25% bonds, and 5% short-term investments (CITE). I lowered the 70% in stocks to 50%, and investing the remaining quarter…

market is an extremely large network where people go to buy, sell or trade parts of their company. Each part of a company is called a share. A stock is when you own a piece of the company in which you invest in. A bond occurs when you loan money to the company like a bank would. Bonds are paid in interest. All investments come with risks and rewards. The risks are the bad things that can come from investments, and the rewards are the good things. A big risk could bring a big loss. That is when a…

Mansueto believes in investing the money it is the way to have more money than you owe (Ferrell, Hirt, & Ferrell, 2009). He believes you are never too old to invest your money. Mansueto recommends that when you are in high school is an excellent time to start investing. Mansueto does not think it matters how much money an individual invest; it is starting early and waiting for your investment to make money or grow. Most people do not consider investing their money until they get closer to…

Firstly, the strategy used was a conservative approach, meaning that the stocks that were to be invested in are less risky and profitable. The second reason this week was interesting since the market had been active for three weeks now and a conservative stock purchase could also be because you are more comfortable buying a stock that you’ve had time to watch and research for the past three weeks. There are two ways to look at being conservative - first is clearly finding and researching a stock…