Now, many are calling for government relief to homeowners who have landed in this situation. In addition, a result of this crisis has been the change of policy for loan companies and banks. Most no longer give loans with no down payment. In order t Continue Reading...
United States Should Continue Space Exploration For those who believe the United States should forego any further exploration of the universe, even of our own Solar System, whether through manned spacecraft or with un-manned probes, this paper offe Continue Reading...
Economics: The State of the U.S. Economy Cousin Edgar, a global investor, is seeking to capitalize on the thriving gasoline industry and the rising world demand for oil by purchasing several gas stations in the U.S. market. Inspiring his interest is Continue Reading...
the president also promised to work with other relevant sectors to assist homeowners in refinancing their mortgages at low interest rates. On the other hand, Republicans are worried about proposals that would repeat the 2009 stimulus plan despite of Continue Reading...
Community Policing According to the United States Department of Justice's Community Oriented Policing Services Website, "Community policing is a philosophy that promotes organizational strategies, which support the systematic use of partnerships and Continue Reading...
While it was generally agreed that the increase in prices was due mainly to an insufficient offer as the stock house was limited, opinions have also been forwarded according to which the buy-to-let purchases have contributed to the inflation of the Continue Reading...
Predatory lenders look to stretch the debt-to-income ratio to a point where, it is not considered responsible lending (Smith 3). Another example of predatory practice is attaching a balloon payment to the loan. Balloon payments are typically seen in Continue Reading...
Predictably, adjustable rate mortgages had a higher rate of default than non-adjustable rate mortgages, given the increase in interest rates in the years before the crisis, after many borrowers took out loans during an era of unusually low, near-zer Continue Reading...
Banks Improper Foreclosure and Mortgage Practices in the Banking Industry Efficient Market Hypothesis Real Estate Bubble Sub-Prime Mortgages Overview on the Value of Banks Arguments against Financial Intermediaries Ethical Violations This res Continue Reading...
Other than the branch expansion there has been no significant change in their financial structuring. The future does not hold much along these lines as shown in the future projections. Other than conservatively adding lease financing as an option th Continue Reading...
The notion of fairness (due process) is evident throughout a criminal proceeding. Because one is presumed innocent, most accused are allowed to go free on bail while awaiting trial. This is directly based on the fact that the accused is presumed in Continue Reading...
These can include the stimulus package, though, because the Obama Administration is still offering stimulus dollars to banks and other companies that need help and cannot take care of their customers in the way that they used to and preferred to. F Continue Reading...
In most countries, a rise in debt would have a series of economic consequences leading to the devaluation of the currency and a return to an equilibrium. This has not happened with the U.S. dollar because of a unique externality -- its role as the w Continue Reading...
Economic Globalization Has the 2008 financial meltdown in the U.S. And the ongoing economic crisis in Europe have practically ended the era of economic globalization? Following the financial crisis that marred the U.S. economy along with other glob Continue Reading...
Using a timeline from the peak of new housing construction to the present day, the following occurred. GDP growth slowed, followed by a three-quarter recession and slow growth has resumed on the other side of that recession. The unemployment rate sk Continue Reading...
In 2006, the Federal Open Market Committee announced in a press release that it was raising its target for the federal funds rate to 4-3/4%, specifically warning of the dire threat posed by inflation. However, this only occurred after many years of Continue Reading...
Cask of Amontillado to the U.S. National Debt Comparing the Symbolism in The Cask of Amontillado by E.A. Poe to the U.S. National Debt In The Cask of Amontillado, Edgar Allan Poe addresses a man who lures his friend down to a cellar with the promi Continue Reading...
City of Alexandria -- Time Series Data Tufte (2001) and other ambassadors of the visual display of data have shown us how easily it is to understand complex data when it is graphically represented in ways that our minds are designed to understand. T Continue Reading...
Unsuccessful Presidents Identified- 1865-1940 Andrew Johnson Grover Cleveland William McKinley Herbert Hoover Political Characteristics Political Party Congressional Issues Johnson's Problems with Congress Cleveland's Problems with Congress Continue Reading...
Stiglitz Analysis of the Price of Inequality In the year 2013, issues of socioeconomic inequality are perhaps as pressing and problematic as they have ever been. This is the assertion at the crux of Joseph E. Stiglitz text, The Price of Inequality: Continue Reading...
Turning Points in American History Two Turning Points and Current Impact on Cultural, Social, Economic and Political Life Two historical turning points are the Social Security Act and the 19th Amendment to the U.S. Constitution. The Social Securit Continue Reading...
Macro-Forecast: Continuing Crisis in Housing Macro-Forecast of Current Events: Continuing Crisis in U.S. Housing Market Macro-Forecast of Current Events: Continuing Crisis in U.S. Housing Market Recent, startling revelations about unethical forec Continue Reading...
Philippines Real Estate Over the last several years, the Philippine Islands has been going through a major transformation. Part of the reason for this, is because the country has become an area of focus for many firms that are looking to outsource j Continue Reading...
3 million buildings and plots of land. If it can conservatively be assumed that a minimum of five persons are affected for each business and a minimum of two persons for each building, then some 5 million people are directly involved in property-rest Continue Reading...
Ray and Joan Kroc Community Center of Chicago The Ray and Joan Kroc Corps Community Center is more than just an aquatic or fitness center. It's a holistic approach to bringing the community together to change lives, and help to end the violence in C Continue Reading...
"In just the last few years the neighborhood went from an open air drug market to a place where young bond traders and New York University students sip $5 lattes," ("For $1, squatters become building owners in NYC"). Miami is another recent success Continue Reading...
(Der Hovanesian, 2010) Increased Promotion of Discounted mortgages. The way that subprime lending practices, and some call predatory lending practices affect the housing market has yet to be realized on such a large scale, as these tactics have al Continue Reading...
They could not foresee the housing market falling as it did, and the number of foreclosures it would create, and so, they aggressively continued to pursue the market when they should have been cutting back. The top executives left the company, but t Continue Reading...
Fiscal Policy What are the three major categories of revenues for the federal government? Please comment on each and indicate their relative importance to each other. Relative importance can be indicated by dollar amounts, percent of total revenue o Continue Reading...
Sociology Debate: A central debate in sociology revolves around whether the power elite or pluralist view is correct. Which do you believe and why? Explain your answer. The Power Elite view seeks to look at the way the elites rule and influence the Continue Reading...
The largest majority of subprime housing property has been noted in this study to be located in minority and low-income neighborhoods and therefore the subprime lenders are flooding the housing markets and specifically the low-income housing market Continue Reading...
The housing market was already strong, but the elimination of practical reasons for validating lender information opened several doors very wide, each with an unpleasant surprise hidden behind it. First, because realtors earn their commissions base Continue Reading...
The U.S. is a property owning civilization and a number of the people wanted land and housing. Americans however scarcely ever create savings. "The country itself lives on other countries' savings by issuing bonds to finance its excessive consumpti Continue Reading...
Scattering the Projects By the 1990s, stakeholders in the public housing discussion had decided that the way to save public housing was to dismantle the core tenet that had defined public housing projects for several generations. While project hou Continue Reading...
Economics There are a number of different causes for the most recent recession in the United States. The primary cause was instability in the banking industry, which was brought about mismanagement of mortgage assets. This paper will investigate thi Continue Reading...
As is often the case, the groups most hurt by the crisis are those who are already marginalized -- the working poor. This group is unable to qualify for social services but is likely to have had their hours cut, benefits reduced, or both. They may Continue Reading...
Balance of trade is being more impacted by currency re-valuations in China, the declining value of the British pound and the reconsideration of indexing the Euro (Altman, 2009). What emerges as a result of these conditions that the decision on the p Continue Reading...
The crisis is even greater for those who have lost jobs or who have become underemployed, as health care costs and the cost of insurance continues to rise ("What's Wrong With"). For too long, the government has been turning a blind eye to this prob Continue Reading...
However, during the real estate boom at the beginning of the 21st century, banks lent money to people later called 'NINJAs' (No income, no job, no assets) Some of these people were seduced into buying homes they could ill-afford by predatory lender Continue Reading...
Rather than continue the process that began in the first two books, in which the Rosicrucian Order first announced themselves, gave their history, and then responded to certain criticisms while making their position within Christian theology cleare Continue Reading...
