Dateline Washington, October 19th (get it?) 2010: the Peoples Bank & Trust of America has now established itself as the only bank of any kind in the USA, totally owned and managed by the US House of Representatives.
A 2/3 majority must now approve all investment banking transactions; your district representative’s staff reviews individual mortgage applications; […]
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For the two weeks after the government takeover of Freddie Mac and Fannie Mae we saw a historic drop in mortgage interest rates. In fact it was the largest two week drop since 1995. This was after rates had been gradually falling for the previous two months on rumors of the takeover. […]
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There’s no denying that keeping precise and auditable escrow transaction records can be a challenge. From recording receipts and writing checks to reconciling accounts or delivering statements, you may be in need of better solutions to organize and manage data, as well as keep a cap on administrative costs.
While best known in the context […]
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A loan is a type of debt. This article focuses exclusively on monetary loans, although, in practice, any material object might be lent. Like all debt instruments, a loan entails the redistribution of financial assets over time, between the lender and the borrower.
The borrower initially does receive an amount of money from the lender, which […]
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Having to file for bankruptcy is a serious business that will affect you and your family for a number of years, why then would you consider embarking on this course of action without a reputable bankruptcy lawyer. As the changes in the law have meant that filing for bankruptcy is now more time consuming, it means that a number of people have found themselves struggling with the process. Despite all this extra paperwork for debtors, once it has been completed, the bankruptcy petition can proceed in the same way as it did before the changes in law.
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Annual percentage rate (APR) is the simplified counterpart to the effective interest rate the borrower will pay on a loan. In many countries and jurisdictions, lenders (such as banks) are required to disclose the “cost” of borrowing in some standardized way as a form of consumer protection.
APR is intended to make it easier to […]
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