Tag Archive | "Chairman"

Top 8 Most Exclusive Black Credit Cards

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Here is the list of eight exclusively rare credit cards other than the Amex Centurion Card and the Visa Black Card, which are popular because of their special benefits. All these credit cards have one common specialty that, they can only belong with some of the wealthiest citizens around the globe.

1. Eurasian Bank Diamond Card

Credit card


This card is purely a sign of elegance and wealth. Its design has a 0.02-carat diamond which is surrounded by a golden heart shape. It is the property of the bank of Kazakhstan and only belongs with those customers of the bank who have an account of $300,000 or more.

2. The Visa Signature Card

Visa Black Card is the property of Barclay’s Bank. Its top ranked card is Visa Signature Card, which provides several amazing facilities to the customers. Its most important feature is that, it has no spending limit. Other includes; A VIP access to Broadway shows and musicals; Special accesses to different sporting events and concerts; travel facilities at many hotels and airlines and better dining facilities.

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Top Ten Financial Crises In World Economic History

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If we look into history of different countries we will find that different countries faced the financial crises at different times. As the world is facing now financial crisis now also, the question comes in mind that who are those who run this finance horse, what are the reasons which leads to financial crises? Or is there is someone who is holding all the strings and keep them pulling? So many questions come in mind when mind starts thinking about it.crisis-recession-global-financial

Well I had searched about this and compiled these ten nasty crises. Check out these ten dramatic crises.

1 – Argentine economic crisis (1999 – 2002)

Argentinean economy was destabilized in 1980s when Latin American Crisis struck it. Argentine was an import dependent country where people usually convert their peso into dollars to feel secure. The high inflation rate leads its currency to lose the confidence and adding oil to fire the government that time spent generously on itself while ignoring the country’s crumbling industrial infrastructure.

Mexico and Brazil were the major trade partners of the Argentine in 1980s both countries suffered the economic crises which spread out in Latin America. Brazil’s currency was devalued in 1999 that damaged a lot Argentinean exports and adding fuel to fire the dollar was revalued giving a harsh blow to Argentinean Peso.

Till 1999 the country was having 3rd consistent year of economic decline but the government haven’t devalued the peso, which made the crisis worse. In such conditions the investors ran on banks for dollars to send abroad for safety. Meanwhile the government freezes everyone’s bank accounts. This step of the government raised violence amongst citizens and protests through out country were started. The government was collapsed in 2001. While in crisis the people were bartering for goods because lack of cash, many people eked out a living by scavenging cardboard for recycling plants.

The new government 1st tried to setup a third currency between dollar and peso but that failed. Then it instructed the banks to convert all dollars into pesos. That step worked and peso was lead to diminish in value. Because of that exports got higher and in meanwhile the government tightened its tax policies, improves social welfare, encourages business growth and put the reserve dollars up for sale in market. The country got the surplus trade because of its agricultural products anyhow its still struggling with inflation.

Lesson

Freezing bank accounts leads the crises to get worst. It can’t be a smart step to tackle the crisis.

2 – Russian Financial Crisis (1998)

The Russian government in 1993 introduced inflation-free short-term treasury bills known as GKOs to finance the country’s deficit. GKOs were traded on currency exchanges. Most of it was state owning while only 1/3 of funding came from foreign speculators who were attracted by high interest rates. Like a classic Ponzi scheme the government used proceeds from sales of new GKOs to payoff interest on matured bills.

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Quotes on money & banking

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Here are some thought provoking quotes on money and banking.   I hope you will enjoy reading them. They become even more interesting as you see them in perspective of current global financial crisis.

“The bank hath benefit of interest on all moneys which it creates out of nothing.” — William Paterson, founder of the Bank of England, 1694.

“All the perplexities, confusion and distresses in America arise not from defects in the constitution or confederation, nor from want of honor or virtue, as much from downright ignorance of the nature of coin, credit, and circulation.” — John Adams, letter to Thomas Jefferson.

If congress has the right under the Constitution to issue paper money, it was given them to use themselves, not to be delegated to individuals or corporations. — US President Andrew Jackson.

quotes-money

“The Government should create, issue, and circulate all the currency and credits needed to satisfy the spending power of the Government and the buying power of consumers. By the adoption of these principles, the taxpayers will be saved immense sums of interest. Money will cease to be master and become the servant of humanity.” — US President Abraham Lincoln

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Posts about Mortgage Rates as of February 25, 2009

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02/25/2009
As far as financial awareness is concerned there are multiple factors to take into consideration when weighing the [ rent-v-own-feb_1235545003] … be in store for 2009. Falling home prices coupled with falling mortgage rates, too, have dropped … are expected to edge lower through 2009.  Provided mortgage rates stay low, the cost gap between owning
02/25/2009
[ The cost of owning a home versus renting one is returning to historical levels] … mortgage rates, too, have dropped the relative, after-tax cost of owning a home to 125% of the cost … markets (but not all), home prices are expected to edge lower through 2009.  Provided mortgage rates stay
02/25/2009
The day after President Obama signed the American Recovery and Reinvestment Act he announced his plans for a new housing stabilization program that … up to 3 to 4 million at-risk homeowners. 3.) Supporting low mortgage rates by strengthening confidence … could assist as many as 9 million to keep their homes and refinance at lower rates. The Homeowner
02/25/2009
One of the finest loan representatives in the Jackson Hole area is T.R. Pierce from the Bank of Jackson Hole. T.R … mortgage rates. As part of our weekly updates we will be posting T.R.’s report about once a week … OF JACKSON HOLE Residential Mortgage Rates for February 25, 2009 The following rates are thirty (30
02/25/2009
Courtesy of National Association of Realtors Washington, February 25, … , and higher conforming loan limits that will allow more people to tap into 50-year low mortgage rates.” NAR estimates the impact of the stimulus package and lower interest rates on the housing market
Rate Update February 25, 2009evanswanson.com
02/25/2009
Fixed Mortgage Rates are slightly higher than yesterday … as both Stock and Bond markets are trading lower on the morning.  Currently, Mortgage backed bonds … which will give some added supply to an already down bond market.  It looks like rates could mover
02/25/2009
Obama’s Plan Deemed Unfair to Owners Losing to Tax Foreclosures Groups of responsible homeowners across the country have expressed outrage at … with their mortgages, they can refinance their loans to take advantage of lower mortgage rates … money of people trying their best to pay their mortgage loans to pay the mortgages of irresponsible
Cash-ready buyers ‘taking advantage’mortgagesforprofessionals.com
02/25/2009
Now is a good time for workers in Scotland who would qualify for mortgages for professionals to consider snapping up a property, … who are “clearly benefitting from falling house prices and lower mortgage rates“. Data from the CML … an expert has suggested. Crawford McCaughie, chairman of the Council of Mortgage Lenders (CML
March Mortgage Rate Predictionschurchofcowherd.com
02/25/2009
March mortgage rate predictions are going to be very important to many homeowners.  With the Obama Mortgage Bailout Plan beginning in March, average mortgage rates could change your monthly mortgage payment by as much as $200.  Obviously, we all want rates to be as low
02/25/2009
One popular housing theory is that — before a bona fide housing recovery can begin — the cost of owning a home versus renting one must return to … Home Buyers When it comes to housing data, there are always two… Mortgage Rates Buck … mortgage rates to rise,… Related posts brought to you by Yet Another Related Posts Plugin .
02/25/2009
February 25 2009 – Existing-home sales declined in January 2009 with some buyers waiting to see how details of the economic stimulus package would … that will allow more people to tap into 50-year low mortgage rates.” NAR estimates the impact of the stimulus package and lower interest rates on the housing market to be about 900,000 additional
02/25/2009
Today, the National Association of Realtors (NAR) released their Existing Home Sales Report for January which firmly indicates a new leg down in home … that will allow more people to tap into 50-year low mortgage rates.” The following (click for larger versions
02/25/2009
One popular housing theory is that — before a bona fide housing recovery can begin — the cost of owning a home versus renting one must return to … be in store for 2009. Falling home prices coupled with falling mortgage rates, too, have dropped … prices are expected to edge lower through 2009. Provided mortgage rates stay low, the cost gap
02/25/2009
RTT News Mortgage rates up, applications down Bizjournals.com, NC Mortgage interest rates increased slightly for the week ended Feb … , according to data from the Washington, DC-based Mortgage Bankers Association. … US MBA’s Mortgage Applications Index Fell 15.1% Last Week Bloomberg US mortgage applications down, led by refinancing
Morning Updateavidtrader.blogspot.com
02/25/2009
Posting a Downward Tally after Yesterday’s Rally Stocks are looking lower in early action after yesterday’s rally on optimism toward the … by foreclosures and lower mortgage rates have begun
MORTGAGE RATES HOLD STEADYrealestatepick.com
02/25/2009
30-year fixed-rate mortgage: Averaged 5.16 percent with an average 0 … fixed-rate mortgage … . From the Freddie Mac Site Interest rates
Owning VS Rentingblog.choicearizona.com
02/25/2009
Not long ago many advisors would have suggested you rent, due to the rising home costs … more sense to buy a home today, instead of renting. Over the past 18 years, after-tax mortgage payments have averaged 26% more than rent payments. If mortgage rates fall to 4.5%, as some are hoping
02/25/2009
Prevent Foreclosure The thought of having your house go into foreclosure is a scary prospect and you need to do all you can to prevent foreclosure … . Qualifying for a new mortgage is completely out of the question for a minimum of 5 years … out from the rest: A Loan Modification, which is sometimes referred to as a Mortgage Modification
02/25/2009
The Mortgage Bankers Association (MBA) publishes the results of a weekly applications survey that covers roughly 50 percent of all residential … though that although the steady decline in mortgage rates has likely played a significant role … mortgage originations and tracks the average interest rate for 30 year and 15 year fixed rate
MORTGAGE RATES HOLD STEADYrealestatepick.com
02/25/2009
30-year fixed-rate mortgage: Averaged 5.16 percent with an average 0 … fixed-rate mortgage … . From the Freddie Mac Site Interest rates
02/25/2009
     Yeah, yeah, yeah…I know I am slow this month in supplying you with Brick’s Stats, … to move up if you have job security and equity in your existing home. Mortgage rates are incredible
puppet perspectiveshortfellow.wordpress.com
02/25/2009
  i missed half of obama’s bed time story last night due to a couple of obvious distractions seated directly behind him….who’s idea was that ? … expansion….  lower mortgage rates….all while cutting the inherited federal deficitby a third… i’
Available Rates and Mortgage Refinancecondosphilippines.com
02/25/2009
by Sara J. DonaldThe finer details of mortgage refinance are becoming clear as more information is available pertaining to the current drop in rates … to be anything new when applying for a mortgage refinance, there may be a difference in rates … it will qualify.When looking at a mortgage refinance, it is important to get your credit score while you
02/25/2009
Fair Investment Company Mortgage rates down but full effect of base rate cuts yet to be seen Fair Investment Company, UK The LIBOR – the rate at which banks lend to each other – has fallen from six per cent last autumn to around two per cent, allowing mortgage rates to come down for many borrowers, especially those
02/25/2009
A few months ago I visited my old neighborhood, where my grandparents and parents still live … convinced they were losing their homes because they could no longer afford the new, higher mortgage rates. Interest rates had soared almost overnight. While I was in town I did some research and found loan
02/25/2009
US mortgage applications down, led by refinancing Reuters By Julie Haviv NEW YORK (Reuters) – US mortgage applications fell last week, reflecting a sharp drop in demand for refinancing as mortgage rates ticked higher, an industry group said on Wednesday. The decline followed recent robust
MORTGAGE RATES HOLD STEADYrealestatepick.com
02/25/2009
30-year fixed-rate mortgage: Averaged 5.16 percent with an average 0 … fixed-rate mortgage … . From the Freddie Mac Site Interest rates
02/25/2009
Higher mortgage rates last week coincide with the volume of applications filed for home loans falling a seasonally adjusted 15.1% compared with the week before, Mortgage Bankers Association data show.
02/25/2009
Higher mortgage rates last week coincide with the volume of applications filed for home loans falling a seasonally adjusted 15.1% compared with the week before, Mortgage Bankers Association data show.
Best Home Mortgage Rateblu-ray1st.com
02/25/2009
The lender who gives a home mortgage loan charges certain rate of interest for that loan and it varies from lender to lender; … him maximum profit and he will give you rate based on this. Most home mortgage rates are front-loaded … you could opt for either of these loans here.Because of the fact that the mortgage interest rates vary
MORTGAGE RATES HOLD STEADYrealestatepick.com
02/25/2009
30-year fixed-rate mortgage: Averaged 5.16 percent with an average 0 … fixed-rate mortgage … . From the Freddie Mac Site Interest rates
02/25/2009
There’s a lot of doom and gloom out there. Much of it is real My last post talked about the apocalypse … south across the board, we might take some comfort in the fact that mortgage rates are close to bottom … is still just a trickle but that has to change. Mortgage lenders and developers are beginning
S&P/Case-Shiler Indexbostonreb.com
02/25/2009
From the Boston Globe: The S&P/Case-Shiller index shows Boston housing prices dropped 1 … 1990s, Case said. The four-year slide in housing prices, very low mortgage rates, and a new $8,000
MORTGAGE RATES HOLD STEADYrealestatepick.com
02/25/2009
30-year fixed-rate mortgage: Averaged 5.16 percent with an average 0 … fixed-rate mortgage … . From the Freddie Mac Site Interest rates
02/25/2009
The five-year period has seen an explosion in sales of new homes and in many U.S … . The trend to higher mortgage interest rates was to result in sales slowdown in speed but we have until … of alien, the interest that the mortgage and the threat
02/25/2009
If you have a lower credit score that you would like, odds are that the score is caused by some small financial mistake or oversight you have made in the past. Not every person with bad credit has a low credit score caused by something they did, though. Sometimes, other people’s criminal activity can affect your credit score
MORTGAGE RATES HOLD STEADYrealestatepick.com
02/25/2009
30-year fixed-rate mortgage: Averaged 5.16 percent with an average 0 … fixed-rate mortgage … . From the Freddie Mac Site Interest rates
Refinancing with Obama’s Plandrdbroker.wordpress.com
02/25/2009
Image via WikipediaFor most of us in Southern California, the wonderful new mortgage rates of 5% and below are unattainable dreams. The reason? … mortgage is what will be used to make the determination. Rates of 3% and 4% have been mentioned … the $3000 a month payments on your $430000 mortgage when your home is worth only $330,000. It’s tough
02/25/2009
[#3: Edit Options>MightyAdsense>Adsense Code] February 10, 2009 Financial Stability Plan Fact Sheet by Treasury Department & Geithner is below and my comments are below.What Geithner stated at the G7 world finance meeting on 2/14/09: we outlined a broad framework for financial recovery and stability
02/25/2009
When baby boomers retire, many will consider relocating to lower their cost of living … made for current mortgage rates and home prices for the two cities.  Overall, the data
Is it time to renegotiate your mortgage?blog.crystalridgetownhomes.com
02/25/2009
Gord McCallum of First Foundation Mortgages forwarded me an article from the Globe and Mail last week that talked about the pro’s and con’s of renegotiating your mortgage. Why would you consider renogiating? Well, mortgage rates have come … you will likely save a lot of money at today’s rates.” Another option is to blend and extend your mort
02/25/2009
Just a sampling, a snack, a taste, an amuse-bouche … Can you tell I haven’t had any dinner yet? From Rep … . The President spoke tonight about helping to lower mortgage payments and mortgage rates. He told us that the average family that refinances today can save nearly $2000 per year on their mortgage
02/25/2009
February 25th, 2009 Goto commentsLeave a comment It?s an epidemic that hasn?t been seen since the great depression; … sell is when an uninterested party negotiates with your mortgage company for a lower payoff … circumvent foreclosure. If you are significantly behind on your mortgage and cannot see the light of day
?homemortgagevision.com
02/25/2009
Mortgage Rates TodayMortgage rates today are so low that more people who were renting are now making the decision to buy their homes … that you have been paying in rent. Considering the mortgage rates today compared to in years past it is most likely in your favor to buy a home.If buying a home at mortgage rates today is something
Daily Rates For February 24, 2009knightlinesmtg.com
02/25/2009
The Daily Mortgage Loan Interest Rates for Eustis, Tavares, Mount Dora, and surrounding areas in Lake County, Florida … received from this site or by calling 352-308-7219. Mortgage rates published on this page are the current … . Rates as of February 24, 2009 Product Rate Discount APR
Random Thoughts on President Obama’s Speechkevinjthompson.wordpress.com
02/25/2009
(Quotations mentioned below are not exact, but to the best of my recollection.) Why can’t we just call this the State of the Union Address? … ? How is the government going ensure more people can get loans or better mortgage rates without
Read entrypretzlelogic.com
02/25/2009
A mortgage complaint Is the mortgage industry the only non-monopolistic industry where the consumer has no say in which company offers the … your mortgage is sold. And the argument that this would raise mortgage rates is bunk – since … mortgage? Let’s say you took out a mortgage through LendingTree. They then sold your mortgage
CBO Housing Outlookboiserealestateinfo.net
02/25/2009
Although housing starts and home prices have fallen substantially, the inventory of unsold home remains very high … will not begin to recover until late 2009. After rising for much of the year, mortgage rates decreased late last year. Lower mortgage rates have spurred applications for mortgage refinancing
02/25/2009
After a whole lot of second- and third-guessing ourselves as to what the hell we should be doing, … . If all goes well — and omg, there are a lot of things involved in financing a house, and mortgage rates … t understand from your realtor, mortgage broker, tax attornies from two different firms in two different states
02/25/2009
As I write this, it’s Monday morning and Ish and I have the day off. He’s just switched on the television in time to see a young couple on Maury have some Family Sex Secret Revealed. The tv is on mute, so I don’t know exactly what’s happened, but the young woman without many of her teeth suddenly burst into tears and the man on the stage next to

Posts about Mortgage Rates as of February 24, 2009

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Current Mortgage Secretsarticlebee.net
02/24/2009
Finding the top current mortgage rates can be a challenging job for many person . This is especially right considering the present economic crisis that is occurring in the world right now.
02/24/2009
by Anne DurrellFinding the greatest current mortgage rates can be a challenging occupation for many person … when it comes to current mortgage rates. The first strategy is to search for the best rates online through … to current mortgage rates. If you research the real estate agents in your local group of people
Morning Market Updatetvanderwell.smarthippo.com
02/24/2009
Here’s the latest on the markets: The stock market closed yesterday at almost 11 year lows … with mortgage rates? They are basically stable and still at the 5.25% for a 30 year fixed rate and term
02/24/2009
When one takes a look at real estate over the past few months one thing everyone can agree upon is that steps are being taken to improve the real … home values come historically low mortgage rates.  Mix all of these factors together
02/24/2009
There are a lot of exciting things going on out there in the housing market right now.  If you are on the fence it is a great time to buy … more about Pennsylvania Mortgage Rates from the Pittsburgh Business Times. … to choose from. 2)  Rates are still very low and Pennsylvania has some of the lowest rates right
02/24/2009
Senator Dodd Is On the Moral High Ground When It Comes To The Mortgage and Housing Crisis? … mortgage deal he may have received on his own personal property. Just as a reminder to him as well as any … Mortgage Lending Published: September 30, 1999 ( New York Times ) In a move that could help
02/24/2009
The refinance boom has been keeping the mortgage industry busy … year mortgage rates to drop, as they did in December and January. The Federal Reserve Bank … .  When the Federal Reserve started buying Mortgage Backed Securities in December, the Fannie
02/24/2009
On the morning of March 29, 1933, dozens of reporters filed into the Oval Office for a press conference with the new president. Franklin Roosevelt had taken office earlier that month amid the greatest economic crisis the US had seen: 5,700 banks had failed, 25 percent of the country was unemployed,
Mortgage Rates Pricing Betterbrettgrendahl.typepad.com
02/24/2009
Better pricing today, here’s a snapshot: 30 year fixed at 4.75% with 0.625% origination fee 15 year fixed at 4.5% with 0.75% origination fee 5/1 Jumbo ARM at 5.625% 30 year jumbo fixed at 6.75% Apply with me online at www.wfhm.com/brett-grendahl Brett Grendahl | Private Mortgage Banker | Wells Fargo (952
02/24/2009
Every day there is more news about the sagging economy.  Banks being considered for nationalization.  Companies contracting and downsizing … that could help home ownership rates among minorities and low-income consumers, the Fannie Mae … mortgage loans among low and moderate income people and felt pressure from stockholders to maintain
02/24/2009
(Source: Board of Governors of the Federal Reserve) Chairman Dodd, Senator Shelby, and members of the Committee, I appreciate the opportunity to discuss monetary policy and the economic situation and to present the Federal Reserve’s Monetary Policy Report to the Congress
02/24/2009
Okay, so dispite Josh and my best efforts, we only had 6 people answer our poll through twitter … at Arizona Mortgage News . According to lending guidelines, a 1st time homebuyer is someone who has never … or four months, because it generally takes buyers that long to qualify for a mortgage and search
02/24/2009
Now that President Barack Obama’s $787 Billion Economic Stimulus Bill has been signed into law and will take effect on March 4, … rates and not enough equity to qualify for a mortgage refinance loan , and those who are at risk … and possible mortgage relief. Despite primarily focusing on bolstering the economy by creating jobs
02/24/2009
This week, Treasury-based HECM’s with a margin of +281 or less can pay the HECM maximum Principal Limit … Mortgage , HECM , FHA , HUD , Rates , News Reverse Mortgage Rate Updates are brought … . Ditto for LIBOR-based HECM’s with margins of +255 or less. And the 10-year rates are down 10
Stuck Ratescitylakes.blogspot.com
02/24/2009
Mortgage Rates: Stuck at 5% Local lender and blogger Alex Stenback has a nice post from yesterday, ” Lower Mortgage Rates Stymied By Supply, ” that explains what’s happening with mortgage rates right now — and why.
Housing prices continue to fall (3)scottgrannis.blogspot.com
02/24/2009
The December data for the Case Shiller housing price index fell at a somewhat faster rate than in previous months, but the message remains clear: … are still working, there is more money out there than ever before, and mortgage rates
Recession Information Center!msplaceddemocrat.com
02/24/2009
Recently while perusing the internet I can across a great site, “Recession Information Center”. The center has a number of articles dealing with 401ks, home buying during a recession and student loans just to mention a few…. Since I like covering educational sites I thought I would give an excerpt of articles on the site:
Morning Market Updatestraighttalkaboutmortgages.com
02/24/2009
Here’s the latest on the markets: The stock market closed yesterday at almost 11 year lows … with mortgage rates? They are basically stable and still at the 5.25% for a 30 year fixed rate and term
02/24/2009
The Fed came out last week and said it downgraded the countries performance and its focus will be to stimulate housing and stop values from falling … rates will stay low because the best way to stop falling US house prices is to lower the rates for borrowers. The Fed has make public statements saying that rates will stay low for an extended
02/24/2009
Chairman Ben S. Bernanke Semiannual Monetary Policy Report to the Congress Before the Committee on Banking, Housing and Urban Affairs, U.S. Senate, Washington, D.C. February 24, 2009 ~~~ Chairman Dodd, Senator Shelby, and members of the Committee,
02/24/2009
February 24 2009 – Home prices in 20 U.S. cities declined 18 … $75 billion to bring down mortgage rates and encourage loan modifications. “The massive inventory
A Democrat Economic Messchrisspoliticalthoughts.blogspot.com
02/24/2009
I can’t believe that I have to go back and point out facts to people about how we got to where we are today … mortgage rates in the so-called subprime market.” Demographic information on these borrowers … York Times article from September 1999 In a move that could help increase home ownership rates
Home prices continue to slidefinancetrends.blogspot.com
02/24/2009
US home prices continue to slide, dropping at a record pace in December … market, including $75 billion to bring down mortgage rates and encourage loan modifications. “
02/24/2009
Bill Zielinski submits: Economic Crisis Impacts All Borrowers Jumbo mortgages, typically loan amounts above 7,000, are defaulting at a rapid pace as the economic crisis affects borrowers at all income levels. Bloomberg is reporting that jumbo mortgages, typically associated with higher income home owners,
Got Ramen?covertress.blogspot.com
02/24/2009
In America Ramen Costs 25 Cents In Zimbabwe Ramen Costs 9,364,194 … government policies have damaged the nation, which has one of the world’s highest inflation rates, estimated … I was doing this morning’s mortgage market update, that thought came to mind as a great way
02/24/2009
February 24 2009 – Although President Obama announced a sweeping Homeowner Affordability and Stability Plan, … Marketplace at 5.14 percent. For the most current up-to-the-minute rates, visit www.zillow.com/Mortgage_Rates/ . Thirty-year fixed mortgage rates varied by state. New York mortgage rates and Ohio mortgage
02/24/2009
February 24, 2009 USD/JPY is on a tear this morning. US equities is also trading higher which is completely mind boggling given the fact that US economic data was very weak and Fed Chairman Ben Bernanke warned that we may not be looking at a recovery in the US economy until 2011 or 2012
02/24/2009
That is the question our government would be asking you if they were your waiter.  While I was doing this morning’s mortgage market update, that thought came to mind as a great way to sarcastically explain the government’s actions thus far. With job losses mounting
Morning Updateavidtrader.blogspot.com
02/24/2009
Looking to Repair Some of Yesterday’s Despair Stocks are higher in early action, looking to recover somewhat from yesterday’s solid declines, which took the Dow and S&P 500 to the lowest levels in nearly 12 years amid exacerbated concerns about the ailing global economy
02/24/2009
Get ready for another installment of ‘Where Your Listings Go’.  Let’s talk about Zillow this time around. Zillow has been a part of the Point2 Exposure Engine right from the start.  Zillow, the Seattle-based online real estate company, was launched in early 2006 by Rich Barton and Lloyd Frink, founders of Expedia
02/24/2009
by Monique M. Zidan The surge of borrowers looking for Mortgage Refinance has created somewhat of a phenomenon during uncertain economic times. Mortgage rates have dropped below 6% after the Federal Reserve announced its plan to buy mortgage … of last year, forcing lenders to downsize. The sudden drop in rates is proof enough the mortgage
Jumbo Loan Defaults Rise at Fast Paceinvesting.curiouscatblog.net
02/24/2009
Jumbo Loan Defaults Rise at Fast Pace as Rich Suffer About 2 … on Mortgage Rates – Low Mortgage Rates Not Available to Everyone – 30 Year Fixed Mortgage Rates … 2.57% of homeowners with jumbo mortgage are 60 days late, of those that just got loan last year
Gary Keller: It’s Gonna Be All Rightnarblog1.realtors.org
02/24/2009
By Katherine Tarbox, senior editor, REALTOR® Magazine Keller Williams Realty CEO Gary Keller imparted his “get right and get real” message on … mortgage rates, current housing prices, and extensive inventory come around only once in a lifetime
02/24/2009
Zillow: Pennsylvania mortgage rates among lowest Bizjournals … Zillow.com. Pennsylvania tied with Florida for the lowest … 30-Year Mortgage Rates Stay Steady … .com, NC The average interest rate for a 30-year fixed-rate mortgage edged up slightly last week
02/24/2009
This post cold easily be title “just how screwed we are.” But know that I have a suggestion that would get us out of this mess … are about the same. One is to lower everybody who needs it to 4% mortgage rate. The second one it to extend the mortgage out to 40 years? Neither of these things make economical sense, and/ or follows
Obtaining A Bad Credit Mortgagemyflhomebuyer.com
02/24/2009
by Esther Veenst If you’ve dealt with credit issues in the past, you may think home ownership is impossible for you … you can get and the mortgage rates you’re going to get quoted. If you’re looking for a bad credit mortgage, the best thing … options to still get a mortgage and realize home ownership, despite having a less than stellar credit
Available Rates and Mortgage Refinancemyrealestatementors.com
02/24/2009
by Sara J. Donald The never ending barrage of information we receive on a daily basis can make it difficult to understand exactly which direction we should go in regards to the mortgage refinance process. The most current drop in finance rates … when applying for a mortgage refinance, there may be a difference in rates. All of this seems to be
02/24/2009
Hunan Valin Iron and Steel Group will help the Australian miner to increase its annual capacity by 45%, while China Investment Corp. may also invest. Read full story Read more: Dwayne Wade Sues Wife Over STD Allegation Obama and Gaddafi could meet at G8 summit in July Mortgage rates end fall, raise upward Iran ready to cooperate with Obama
02/24/2009
Fannie Mae Eases Credit To Aid Mortgage Lending E-MAIL Print STEVEN A … mortgage rates in the so-called subprime market.” Demographic information on these borrowers … . HOLMES Published: September 30, 1999 In a move that could help increase home ownership rates
02/24/2009
February 24, 20096:42 amadminBusinessIn my neighborhood at least four families were recently in danger of losing their homes … adjustable mortgage rates.  Several were unable to make their mortgage payments and were getting ready … .  The local plant had a massive layoff at the same time mortgage payments doubled
Are There No Closing Cost Mortgages?personalhomeloanmortgages.cn
02/24/2009
Are There No Closing Cost Mortgages? Posted by Dark Spider at February 24, … you their bonus money. The mortgage broker will get their mortgage rates for the day and will work … is its a play on words that sneaky mortgage brokers/loan officers use to get you in the door. You think
02/24/2009
State OverviewWith Barack Obama’s landslide in 2008, Connecticut went blue for the fifth straight cycle … s standing has taken a hit of late due to revelations that he received preferential mortgage rates
The Ultimate Open House – Portland styleblog.nwinteriordesigner.com
02/24/2009
Mortgage rates are at an all time low.  Homes in the Portland, Oregon market are priced to sell with outstanding value.  First time home buyers are eligible for a $7500 tax credit.  Builders
02/24/2009
From MarketWatch: Home prices off record 18.5% in past year, Case-Shiller says Home prices in 20 major U.S. cities dropped 2 … to bring down mortgage rates and encourage loan modifications. “The massive inventory overhang
02/24/2009
by Mijnadviseur The choice for a certain lender is usually based on the lowest mortgage rates quoted … to just ignore all the well meant advice and choose the lowest rate. But the lowest mortgage rates might … rates, not discriminating between types of mortgages. Every mortgage has upsides and downsides
02/24/2009
by Cliff PapeOver the past several weeks we have taken a bird’s eye view of the US economy … lower mortgage rates – not just lower short-term rates.The sole reason the Fed did … . In this post I will be addressing what we will likely see happening in mortgage and real estate
02/24/2009
by Linda Coombs Finding a mortgage is only one step in the process of buying a home. You may choose to use a realtor to help find your new home … . If you get a recommendation of a Realtor from your mortgage professional and you are not happy with that Realtor, by all means let the mortgage professional know. Customer service cannot be made better
02/24/2009
by Linda Coombs Soon after securing a mortgage you may want to choose a realotor to help with your new home purchase. Finding a mortgage is only one step in the process of buying a home. What kinds of things … of a Realtor from your mortgage professional and you are not happy with that Realtor, by all means let
02/24/2009
Economic Crisis Impacts All Borrowers Jumbo mortgages, typically loan amounts above $417,000, … are falling behind on mortgage payments at the fastest pace in more than 15 years, a sign … , according to LPS Applied Analytics , a mortgage data service in Jacksonville, Florida. They got
02/24/2009
by Eric Jilson Debt is a four-letter word. It happens to be one of the biggest issues facing society today … rates ” plain and simple. Paying off high interest rate balances will serve you better than

The Reasons Behind Global Economic Crisis

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It is now fairly established that  the recent crisis in US sub-prime housing market is the  primary reason behind the global economic melt-down. In order to fully understand the dynamics and depth of current global recession, It is very important to know what led us to this crisis. I have found the illustration below very thought-provoking and useful. It helped me explain the reasons effectively.

The visual guide to the financial crisis:

We all know, Alan Greenspan and Bush said they are sorry for the Global economic crisis. But do you know what Greenspan said in 2003?

“The notion of bubble bursting and the whole price level coming down seems to me as far as a national nationwide phenomenon, is really quite unlikely,” By Alan Greenspan, Federal Reserve Chairman, in 2003.

Reason Behind Global Economic Crisis

Via

List of All Credit Cards

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I have tried to include all credit cards issued in US. If you think if I have missed any, please leave a comment. More than 1200 cards have been included.

1. AAA Credit Card
2. AAA Rewards Visa Credit Card (Northern California, Nevada, Utah)
3. AAdvantage American Express from Citi
4. AAdvantage Bronze MasterCard from Citi
5. AAdvantage Bronze MasterCard from Citi for College Students
6. AAdvantage Gold World MasterCard from Citi
7. AAdvantage CitiBusiness Card
8. AARP Platinum Visa
9. AARP Rewards Platinum Visa Credit Card
10. AARP Travel Plus Visa Signature Card
11. Abercrombie & Fitch Credit Card
12. Academy of General Dentistry Platinum Visa Card
13. AccountNow Prepaid MasterCard
14. Adirondack Trust Company MasterCard or Visa
15. Advanta Platinum BusinessCard with Rewards
16. Advanta Life-Of-Balance Platinum Card
17. Advanta Platinum BusinessCard
18. Aer Lingus Rewards MasterCard
19. Agriculture Federal Credit Union Visa
20. AICPA Platinum Visa Card
21. Air BP Visa
22. Air Canada MasterCard
23. Aircraft Owners and Pilots Association MasterCard
24. Air Force Association Platinum MasterCard
25. Air Force Sergeants Association MasterCard
26. AirTran Airways A+ Business Card
27. AirTran Airways A+ Visa Signature Credit Card from Juniper Bank
28. Alabama Central Credit Union MasterCard or Visa
29. Alaska Airlines Visa
30. Alaska Airlines Visa Business Card
31. Albina Community Bank Loop Card
32. All-Access Visa Prepaid Card
33. Allow Card Prepaid MasterCard
34. Alternatives Federal Credit Union Visa
35. Amalgamated Bank MasterCard
36. Amalgamated Bank Union MasterCard
37. Amalgamated Bank Secured Gold MasterCard
38. Amazon.com Business Credit Card
39. Amazon.com Platinum Visa Credit Card
40. American Association of Neurological Surgeons Credit Card
41. American Bar Association Visa
42. American Boating Association Credit Card
43. American Canine Association Platinum MasterCard
44. American Chemical Society Credit Card
45. American DreamCard MasterCard
46. American Eagle Outfitters Credit Card
47. American Express Business ExtrAA Corporate Card
48. American Express Business Gold Rewards Card
49. American Express Business Green Rewards Card
50. American Express Business Membership Rewards Card
51. American Express Business Platinum Card
52. The American Express Card
53. American Express Card for Students
54. American Express Cash Rebate Card
55. American Express Corporate Card
56. American Express Executive Business Card
57. The American Express Gold Card
58. American Express Golf Card
59. American Express IN:CHICAGO Card
60. American Express IN:LA Card
61. American Express IN:NYC Card
62. American Express Optima Card
63. American Express Optima Platinum Card
64. American Express Platinum Business Credit Card
65. American Express Platinum Business FreedomPass Credit Card
66. American Express Platinum Card
67. American Express Platinum Cash Rebate Card
68. American Express Preferred Rewards Gold Card
69. American Express Preferred Rewards Green Card
70. American Express Rewards Plus Gold Card
71. American Express SimplyCash Business Card
72. American Institute of Architects Credit Card
73. American Kennel Club Rewards Visa
74. American Legion Auxiliary Visa
75. American Legion Visa
76. American Medical Association Business Credit Card
77. American Medical Association Platinum Visa Credit Card
78. American Medical Student Association Credit Card
79. American Paint Horse Association Credit Card
80. American Photo Visa Card
81. American Quarter Horse Association Business Credit Card
82. American Quarter Horse Association Credit Card
83. American Savings Bank Secured Visa
84. American Savings Bank Student Secured Visa
85. American Savings Bank Visa
86. American Savings Bank Visa Gold
87. American Skiing Company Edge MasterCard
88. American Society of Civil Engineers Credit Card
89. American Society of Mechanical Engineers Credit Card
90. American State Bank Credit Card (Iowa)
91. American State Bank & Trust Visa (North Dakota)
92. American State Bank Visa (Texas)
93. American Taekwondo Association Credit Card
94. American University MasterCard
95. America’s Christian Credit Union Credit Cards
96. Amtrak Guest Rewards MasterCard
97. AmTrust Bank Rewards American Express Card
98. AmTrust Bank WorldPoints Credit Card
99. ANB Financial MasterCard or Visa
100. AnimalSafe MasterCard Read the full story

 

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