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69Here We Go Again! (The Re-emergence of Subprime Lending)
The subprime lending crises of 2008, which was primarily focused in the housing market, pushed to U.S. economy into a deep recession that is just beginning to subside. Currently, lenders in the auto loan and credit card markets are taking a gamble...
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59Crisis in Europe(I)
As the complexity of the current situation is hard to be explained in a single hub, I’m going to split this in more hubs that will hopefully cover the facts and situations leading to current situation. After that, as things progress in Europe and...
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71The Subpime Mortgage Debacle III: What “Really” Caused It?
When the Fed, through open market operations, expanded the money supply, commercial lending institutions now had surplus monies to loan out at will. During the height of the bubble, banks—armed with surplus balance sheets—began looking for novel...
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68The Subprime Mortgage Debacle II: Predatory lending-aka, Financial Arbitrage!
According to the popular financial website Investopedia.com "an arbitrage is a "free lunch"—a transaction or portfolio that makes a profit without risk. Just like FHA and VA loans, subprime loans were mostly used for first time home buyers who...
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67The Subprime Mortgage Debacle: The Fraudsters Themselves!
The rampart fraud and misrepresentation of the loan underwriting process would prove to be the final ingredient to the debacle’s demise. In fact, mortgage fraud became so widespread, you would have thought, the entire real estate industry was one...
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81FROM HOOVERVILLE TO OBAMAVILLE: A New Breed Of Homeless Emerges From The Embers of The Great Recession
Economic catastophe has hit the United States before. The Great Depression caused devastation and country wide homelessness from 1929 to the early 40's. Colonies of homeless built shanty homes to dwell in, these shanty's were called Hoovervilles for the Herbert Hoover, the president in office. Today, our Great Recession, caused by the housing bubble burst in 2008, has seen thousands homeless turn to living in tent colonies. Those colonies are called "Obamaville."
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71The Economics of The Subprime Mortgage Crisis
On the night of September 18, 2008, Fed Chairman, Ben Bernanke and the United States Treasury Secretary Hank Paulson met with leaders on Congress. The result of the meetings was as follows: It’s the economic equivalent of 9/11 in my view, having...
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77The Savings and Loans Vs. The Subprime Mortgage Crisis
Does any one remember the savings and loans crisis? Before there was a U.S. subprime mortgage crisis, there was such a thing as the U.S. savings and loans crisis—aka the S&L crisis of the 1980s garnered similar media headlines and international...
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84I WAS SUED OVER MY HOME BEING FORECLOSED
Did you lose your home in the Great Housing Crash? I not only got behind on my payments, but was able to sell my home on a Short Sale. My second mortgage not only refused my offer, but sued me without notice! This is my story!
56Poor Credit Loans
Poor credit loans which is also known as bad credit loans is a perfect solution for the people who have urgent cash requirements. Poor credit loans are mainly targeted for the people with under perfect credit.
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