Yes.
I really don't think that it was necessary for lehman's to declare bankruptcy but feel that after the US government bailing out others they should have also considered helping Lehmans. I think that they have created an even bigger problem, and think of the lost money by shareholders. The government has created another down draft that will not be felt for a few months but think about it...the shareholders themselves maybe middle upper class citizens are now out every dollar invested in that bank and are now sitting with nothing as the SEC pushed Lehmans into the Pinksheets today Sept 18 2008. Many of those people have lost much of their life savings. What about the employees that were given stock options and thought of their shares in Lehmans as retirement. It just does not cut the cake...I think that this all moved way to fast and I truly think that the US government should have jumped and given some sort of a lifeline to Lehmans. I think there is bigger trouble coming yet.
the Bielski brothers saved 1200 Jewish people by the end of the war.
The Wright brothers were TWO of the most important people in aviation.
Yes, a sharp rise in interest rates can be a disaster because many people will be affected. People with adjustable mortgages will see their rates increase tremendously.
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Banks will help people refinance their mortgages by offering them a good rate of interest to borrow more money, You might want to do this if you were thinking of having home improvement work carried out and didn't have the money to hand to pay for it.
You can get mortgages from many places in Jacksonville. Even though the economy is down, banks are striving to give out mortgages to people with good credit scores.
Bad Credit mortgages are for people who do not qualify for traditional mortgages. These tipically have shorter terms with higher interest rates.
There are a few ways for people with bad credit to get mortgages. The following companies offer mortgages for people with bad credit: E-Loan, MortgageCreditProblems, and Ameriquest Mortgage Company.
Someone with bad credit can still obtain mortgages in the UK. Some of the companies that offer mortgages for people with bad credit are Alexander Hall and ASAP Mortgages.
I really don't think that it was necessary for lehman's to declare bankruptcy but feel that after the US government bailing out others they should have also considered helping Lehmans. I think that they have created an even bigger problem, and think of the lost money by shareholders. The government has created another down draft that will not be felt for a few months but think about it...the shareholders themselves maybe middle upper class citizens are now out every dollar invested in that bank and are now sitting with nothing as the SEC pushed Lehmans into the Pinksheets today Sept 18 2008. Many of those people have lost much of their life savings. What about the employees that were given stock options and thought of their shares in Lehmans as retirement. It just does not cut the cake...I think that this all moved way to fast and I truly think that the US government should have jumped and given some sort of a lifeline to Lehmans. I think there is bigger trouble coming yet.
Banks started lending loans to people who were not so credit worthy. They were of the belief that the real estate prices in the states would never go down and hence they gave loans to people who cannot afford to buy such properties. Once the real estate prices started coming down, people were not willing to repay their mortgages. Hence they surrendered their property and left. Banks were left with more houses than money. This is one of the main reasons why the banks got affected... Example: Lehmann Brothers I'm putting a link to the FDIC's list of failed banks. Lehman Brothers will not be on this list because it was a brokerage firm, not a bank.
Buy-to-let mortgages are available for people wanting to make a rental income from property. There are also commercial mortgages available for people wanting to purchase a property which will house a business. Normally these mortgages are for properties valued from Σ10,000 to Σ1 million and can be for property such as hotels, restaurants, petrol stations etc. These mortgages will still contain your usual rate offers of fixed rates and tracker mortgages amongst others.
Buy-to-let mortgages are available for people wanting to make a rental income from property. There are also commercial mortgages available for people wanting to purchase a property which will house a business. Normally these mortgages are for properties valued from Σ10,000 to Σ1 million and can be for property such as hotels, restaurants, petrol stations etc. These mortgages will still contain your usual rate offers of fixed rates and tracker mortgages amongst others.
People can get mortgages if they are self employed by simply applying with any legitimate mortgage company or bank. They are more complicated and one needs to prove their income through tax returns instead of regular stated income methods. 'AMS Mortgages' offer specialist mortgages to the self employed.
You can find lists of mortgage lenders tailored to fit your individual needs. There are lists for people who need 100% mortgages, reverse mortgages, refinancing, etc.
They work in the business line. They usually help with advising other people's mortgages. They give them information on their mortgages and say possible things that they can do for their mortgages.