Please use this thread to have discussions which you don’t feel warrant a new post to the sub. While the Rules for posting questions on the basics of personal finance/investing topics are relaxed a little bit here, the rules against memes/spam/self-promotion/excessive rudeness/politics still apply!
SUBPRIME MORTGAGE MELTDOWN Edina-based Maribella is the latest casualty in an industry hit by defaults, housing decline. BY JENNIFER BJORHUS Pioneer Press At its peak Maribella Mortgage had 125 employees, operations in Chicago and Milwaukee and investors eager for the subprime mortgages it bundled together at $20 million to $50 million a pop.
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mortgage When the debt is repaid, the mortgage is discharged, and a satisfaction of mortgage is recorded with the register or recorder of deeds in the county where the mortgage was recorded. Because most people cannot afford to buy real estate with cash, nearly every real estate transaction involves a mortgage.
· After the subprime mortgage crisis, individual investors grew unwilling to risk their capital on mortgage backed securities with low rates. As a result, the Federal Government stepped in to fill the void in the secondary mortgage market. This prevented rates from skyrocketing to a place where hardly anyone could afford to own a home.
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How to Use the Rent vs. Buy Calculator. I’ll be the first one to admit that this mortgage calculator is a little complex, but then so is home buying. You aren’t buying a toaster, after all. And you’re not applying for a credit card. You’ll probably need a big old mortgage on your dream home.
The fine wine drain Table Etiquette. Setting the Table – Fine dining restaurants require a lot more attention to detail than just taking an order and delivering food. common side work procedures will often include arranging table settings for the next set of patrons, polishing flatware, and folding napkins into suitable designs.
How somebody could "say" (in central banker speak, "say" means testify under oath to congress) in June of 2008 that subprime will be contained, then come back three months later and say they need $700 billion dollars or marshall law will be required, and then keep their job is beyond my limited comprehension. But he was able to do it.
Hi, I am first time home buyer in Marin California and am trying to determine the best financing options for Find answers to this and many other questions on Trulia Voices, a community for you to find and share local information. Get answers, and share your insights and experience.