Courtesy of mymoneyblog.comSo simple a five year old can understand....too bad some buyers and lenders didn't.
Just a lite example of how the country got into the big mess we're in now.....
Check out this entertaining slide show to see how simple it once was to get a home loan
Just a lite example of how the country got into the big mess we're in now.....
Check out this entertaining slide show to see how simple it once was to get a home loan
9 comments:
Major banks and other financial institutions around the world have reported losses of approximately US$435 billion as of 17 July 2008.In addition, the ability of corporations to obtain funds through the issuance of commercial paper was affected. This aspect of the crisis is consistent with a credit crunch. The liquidity concerns drove central banks around the world to take action to provide funds to member banks to encourage lending to worthy borrowers and to restore faith in the commercial paper markets.The risks to the broader economy created by the financial market crisis and housing market downturn were primary factors in several decisions by the U.S. Federal Reserve to cut interest rates and the economic stimulus package passed by Congress and signed by President George W. Bush on 13 February 2008.Following a series of ad-hoc market interventions to bail out particular firms, a $700 billion proposal was presented to the U.S. Congress in September, 2008. These actions are designed to stimulate economic growth and inspire confidence in the financial markets.
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Mobin
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Easy to say difficult to do.
Boise real estate
This aspect of the crisis is consistent with a credit crunch.
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Julie
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The risks to the broader economy created by the financial market crisis and housing market downturn were primary factors in several decisions by the U.S.
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Julie
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Thank you. This site was very helpful.
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Rozydesouza
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These actions are designed to stimulate economic growth and inspire confidence in the financial markets.
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Jenifer
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Where did all the money go to?
Mortgage in one of the part of real estate industry, it is very essential when people count total amount of property because property includes all amount with mortgage interest rate.
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