I’m sure everyone knows by now about the real estate crisis going on all across the United States. Bank foreclosures and pre-foreclosures are at record highs and both home owners and banks are in trouble because of it. It’s a material tragedy that many people, most with good intentions, could lose their houses. Some [...]
In the World of Finance, A CD does not mean a compact disc; it stands for a certificate of deposit. Thus, if you manage to buy a CD through savings and loans or through banks that is worth a certain amount of money, then the bank will be paying you in return a specific [...]
Predatory lending exists in the mortgage industry. It’s typically when a mortgage broker add’s on unnecessary fee’s to a bad credit application, because he or she knows that the applicant is in a desperate situation.Predatory banking can also exist for those who have ended up in the ChexSystems.ChexSystems is a network of financial institutions [...]
