how hard is it to get a mortgage now if you have decent credit, no down payment,?

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Question by baebeecakes: how hard is it to get a mortgage now if you have decent credit, no down payment,?
a good credit score, and 2 years job employment? is it harder now with all the foreclosures?

Best answer:

Answer by chatsplas@sbcglobal.net
Difficult. Yes, harder now than before–that’s why there are all the foreclosures. Frequently peolpe without a down payment aren’t good credit risks and shouldn’t be buying a home–that’s why the foreclosure rate is climbing. Start saving, putting money aside. You need a down payment even with the good credit and stable employment record.

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Why did the realty prices in USA slump?

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Question by Assassin: Why did the realty prices in USA slump?
Also, is the financial mess that is all around only bcoz of the housing sector??
Kindly also explain the meaning of the term “Securitisation”…Try keeping it simple…Thanx.
Samantha, u know what, had I been a terrorist the 1st thing I’d have done wud have been to blow ur fuckin brains off(that is if u have one coz certainly goin by ur answer one cannot dare to think so)….Damn u r stupid!!!!

Best answer:

Answer by Samantha C
why do i get that terrorist vibe from you?

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Why and when do Government bonds fall?

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Question by TheBluesman: Why and when do Government bonds fall?
Hi, I have a question and I’m not sure why a Govt. bond would fall, or what that means?

e.g. Greek bonds fell for a third day, with the yield on the two-year note rising 1.3 percentage point to 6.41 percent.

Best answer:

Answer by Len
Bonds fall when interest rates rise. These bonds have repayment obligations. When they fall or fail, the sponsoring nation is at risk of losing the opportunity to borrow due to diminished credit facilities. This cripples economies, stifles business and wrecks governmental administrations.

Failing economies drop as people lose confidence in their ability to continue as in better times. Rising rates are often perceived as a last ditch and desperate attempt to create the image of strength. At the same time, those rising rates work against bond securitization.

Len

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Noire Finance (documentaire) La Grande Pompe à phynances

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C’est un véritable cours d’histoire politique retraçant, depuis la crise de 1929, les différentes étapes des déréglementations qui ont conduit à la financiar…

Click here http://www.briantracy.com/wealthreport to receive my FREE REPORT: The Way to Wealth! One of the key questions that first-time business owners ask …
Video Rating: 4 / 5

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Can someone explain this in an easier way.?

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Question by Arrow: Can someone explain this in an easier way.?
I don’t really get this statement:

Excessive lending under loosened underwriting standards, which was a hallmark of the United States housing bubble, resulted in a very large number of sub prime mortgages. These high risk loans had been perceived to be mitigated by securitization. Rather than mitigating the risk, however, this strategy appears to have had the effect of broadcasting and amplifying it in a domino effect.

Best answer:

Answer by Books
It’s saying that money was loaned to people who couldn’t afford to pay it back. The loans were sold to investors to spread the risk. The amount was so great that spreading the risk by selling the loans to other investors just caused greater damage.

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What does NovaStar have going?

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Question by WOW: What does NovaStar have going?
what is the importance of this 1.3 Billlion asset backed securitization? Help me understand please

Best answer:

Answer by Ichi
THey have considerable backing, but the money is not actually in their own coffers, so to speak!

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Q&A: What happens if a finance company never repossesses a vehicle that has been discharged in bankruptcy?

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Question by lucky: What happens if a finance company never repossesses a vehicle that has been discharged in bankruptcy?
What happens if a finance company never repossesses a vehicle that has been discharged in bankruptcy? No payments have been made in 14 months…Bankruptcy discharged in June of this year. Finance company has our current address and phone number.

Best answer:

Answer by B-Jo
There are different type of bankruptcies. Some bankruptcies give your the option to surrender the articles disclosed in the bankruptcy. Other options are for you to include all articles in the bankruptcy but you keep possession of the merchandise, or You may still have possession of the articles but before the date given on the bankruptcy clause, the companies in which you still have the articles will come and declare them at that given time.

This information should me explained in the forms you signed off on. Read back over everything and you will be able to get a better understanding of what’s expected of you and what you can expect in this bankruptcy.

Hope this helps.

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macroeconomic issues plz help?

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issue by Kenny : the macro-economic issues plz help
When banks bundled and sold securities backed mortgages resulting A. they isolated the banking system of any risk defects paiement.B. They have significantly reduced the overall risk of defects paiement.C. buyers of these securities assumed the entire risk of defects paiement.D. they reduced their direct exposure to default risk mortgages, but were still exposed in the form of loans to investisseursdans securities backed hypothèques.16. In the financial sector, “securitization” refers to: A. increased insurance coverage on deposits bancaires.B. requiring larger down payment on the purchase of housing in order to reduce the risk of loan default hypothécaires.C. clustering groups of loans, bonds, mortgages and other debt into new titres.D. increased collateral requirements on prêts.12. The “shadow banking system” refers to: A. the granting of credit through the underground economy when the financial crisis of 2007 and 2008produite.B. the process by which trade securities provide credit for personal and commercial needs outside Deles traditionnels.C bank loans. the series of illegal financial transactions that precipitated the financial crisis of 2007 and 2008.D. made to buyers who are risk pauvres.19 credit mortgages. Default swaps on A. helped reduce losses due to the crisis loan hypothécaire.B. involve the exchange of high-risk mortgages for securities backed by mortgages low risque.C. are ready to investors in securities backed by hypothèques.D. holders of securities backed by insured loans if they underlying loans were not remboursés.23. Which of the following describes the identity embodied in a balance? A) Assets and reserves Netteb equal value) of a net asset value égalitéC liabilities) assets over liabilities net worth égaleD) Assets Liabilities equal, plus the nette34 value. Banks create money when they: A) money prêt.B) add to their reserves to fédéraleBanque.C reserve) accept deposits of money D) sell government bonds Best answer:

response Abdul Masiih
first ouhttp :/ / en.wikipedia.org/wiki/Collateralized_mortgage_obligation23. D. Net Worth = Assets – Liabilities (btw, you could understand it easily) 34. A (again, easily found in your book) Good reading. You’ll get much more out of it if you find as many answers as possible for you.


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Q&A: A reason for securitizing mortgages is to allow a bank to do what?

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Question by foxtrot: A reason for securitizing mortgages is to allow a bank to do what?

Best answer:

Answer by ThatGuy
Securitizing mortgages allows banks to a) minimize risk exposure b) take advantage of lower capital requirements.

a) When a bank makes a loan, it is exposed to the risk that the borrower may default. However, through the process of securitization the bank sells the loan to what is called a ‘conduit’ (likely for price greater than the principal of the loan, but less then the overall expected value after the loan has been paid), which then packages the loan with others to form a ‘bond.’ In this process the bank has profited from the loan but is not exposed to any risk attributed to the borrower.

b) Banks are held to certain capital requirements, i.e. they have to hold a certain level of capital to support their loans. However, they have to hold less capital to back up investments in securities. Hence, a general strategy is to make a loan, securitize it, then buy into a senior tranche of the new security. Thus the bank has transformed a loan into a less risky asset (the bond pools risk) with which it needs to hold less capital against.

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Q&A: a package of nontraded financial instruments can be transformed into a traded financial instrument through the

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Question by sweetie pie: a package of nontraded financial instruments can be transformed into a traded financial instrument through the
process of?

a. collateralization
b. repurchasing
c. underwriting
d. securitization

Best answer:

Answer by MuaRung
d. securitization.

Securitization is the process of homogenizing and packaging financial instruments into a new fungible one. (Fungible means being of such nature or kind as to be freely exchangeable or replaceable, in whole or in part, for another of like nature or kind.)

http://en.wikipedia.org/wiki/Securitization

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Q&A: Lehman Brothers investment job?

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Question by IvyLeagueBch: Lehman Brothers investment job?
I am currently applying for an internship at Lehman Brothers. I’m not sure what the difference is between “capital markets” and “securitization banking” and “investment banking.”

Any info on that (Yes, I realize I should know the difference, but this is an internship…so I presume training.)

Best answer:

Answer by frank m
They are all part of the same machine. The Capital Markets portion of the bank raises money for firms, and in this case it is likely all debt-based capital; it refers to the sales (call mutual/hedge/pension funds and sell them bonds), trading (price bonds), research/strategy (analyze markets), and banking groups (work with issuers of bonds and structure bonds) that cover that process. Capital Markets generally includes Investment Banking, which at most banks includes securitization banking. Investment Bankers can do anything from work with Toyota to help it raise money to build more cars, to structure the bonds that Toyota is selling to investors in a way that will get the most money for Toyota (and the banker, of course). Securitization Banking is focused on MBS/ABS/CMBS bonds, which derive their cash flows from a pool of assets (for instance car loans originated by Toyota Finance) rather than Corporate Bonds that derive cash flows from the revenue the corporation earns while doing business (i.e. revenue Toyota earns from selling cars). Securitization is definitely where you want to be – it is where all of the real money is flowing around, but the general public is completely unfamiliar with it. CDOs and especially CRE CDOs (Commercial Real Estate Collateralised Debt Obligations) are going to be particularly hot in 2007, although I don’t know about going with them over the long-term. Some Consumer ABS such as Auto Loans/Leases and residential mortgages (especially subprime or HEL) will likely be very interesting this year because both of those markets will likely have the greatest hardships (and you don’t care if they don’t do great since you’re not getting a significant bonus at this point, but you’ll probably have an opportunity to learn a lot). If I could start over, I’d start in structuring, there will be (and already is) big demand in new markets for folks who have some structuring experience to segue into trading, banking, even origination. But I’d also like to start over in Sales – you’re forced to know a little about everything, and all of my co-workers in sales make big coin (they get handed accounts, and get paid whether the trade makes money or not – you can’t beat that). I’ll stop here, but if you want more feel free to send me a message under my profile – if you haven’t interviewed yet, I’ll shoot you some recent Lehman research so you’ll have some good questions to ask.

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Anyone know where I can find conferences addressing structured finance issues?

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Question by rio180: Anyone know where I can find conferences addressing structured finance issues?

Best answer:

Answer by Joe B.
A search on Yahoo! and/or Google for “structured finance” along with the terms conference and sessions should yield some leads. You may want to do a search for “global securitization” instead of “structured finance” but still including the other terms (conference and sessions).

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The last banking collapse in 1989 Conservatives didnt have a fake news network covering their tracks for them?

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Question by Smoking Joe: The last banking collapse in 1989 Conservatives didnt have a fake news network covering their tracks for them?
….and bankers actually went to jail (Keating and Milken, among others).
Do the banks now realize they don’t have to tell the truth anymore because they have Fox News and AM radio lying for them 24/7, confusing and enraging their doltish listeners?

Best answer:

Answer by team
They must have fooled obama too

Do you think obama is so hapless he couldn’t have Eric Holder haul them into court???

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Q&A: Does anyone know what securitization of criminal law is?

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Question by blackholesun: Does anyone know what securitization of criminal law is?

Best answer:

Answer by Mitch
Either consult a lawyer or try Black’s law dictionary. Should be available for you to use in a law library near you.

I am not telling you the answer, I am telling you where YOU can find answer yourself.

Feed a man a fish and you feed him for a day. Teach a man to fish and you feed him for the rest of his life.

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Can someone explain Wall Street, market capitalization, company equity, *stock exchange & more?

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Question by KAI: Can someone explain Wall Street, market capitalization, company equity, *stock exchange & more?
I’m really stupid, and would like to know.

10 POINTS AND APPRECIATION FOR THE PERSON WITH THE BEST ANSWER!
was unsure of what section to put this in, sorry.

Best answer:

Answer by juicebox
wall street: a financial district in New York, home of various stock exchanges, like the New York Stock Exchange. It’s essentially the financial center of the world.
Market Capitalization: the number of shares a company has multiplied by their market price. So if a company had 1,000,000 shares at 5$ each, it’s market capitalization would be $ 5,000,000. A share is basically a security that represents ownership in a company.
Company Equity: the assets of a company minus its liabilities. Assets are anything that generate revenue for a firm or increase its value, like plant equipment, cash, inventory, and accounts receivable (accounts receivable is very simply “money owed to a company by its debtors”. An example would be when you purchase a car. You don’t normally pay the whole thing up front; you enter a plan where you make monthly payments to pay it off). Liabilities are financial obligations a company has. So this means, in the future they will have to spend revenue to meet those obligations. An example would be a company that has financed itself through bonds which are debt instruments.
Stock Exchange: a stock exchange is the market for securities and equity derivatives trading (the trading of company shares, equity derivates: search options and futures).
Search “equity financing investopedia” or “share investopedia” and there will be a more clear and comprehensive definition with articles that will give you a walk through. Investopedia is actually the best site for finance and economics; it has articles and definitions for introductory financial and economic concepts all the way up to the more complex ones like derivatives, securitization and hedging. Sorry if this wasn’t any help

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what does “tranches” mean in a financial environment ?

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Question by Noble Athavan: what does “tranches” mean in a financial environment ?
ex:- tranches in securitization

Best answer:

Answer by j
A piece, portion or slice of a deal or structured financing. This portion is one of several related securities that are offered at the same time but have different risks, rewards and/or maturities.

Tranche is a term often used to describe a specific class of bonds within an offering wherein each tranche offers varying degrees of risk to the investor. For example, a CMO offering a partitioned MBS portfolio might have mortgages (tranches) that have one-year, two- year, five-year and 20-year maturities. It can also refer to segments that are offered domestically and internationally.

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