Even people that know virtually nothing about finance and Wall Street are talking about the serious impact the subprime mortgage catastrophe has had on our economy. While the incredible number of failed subprime mortgages may have started the economic tumble, the continued financial problems and people's inability to obtain a mortgage or mortgage refinancing of their home is exacerbated by poor credit scores.To make matters worse, with the...more
Each week, I receive countless emails from loan officers dissatisfied with their small commission checks, looking for something better within the industry. They've learned the mortgage business inside and out, and have made the necessary sacrifices to put their career on firm standing. Not satisfied with the measly yield spreads and basis points their current company is paying, they look at other options and a way out.You may recall in a...more
Today's Architect has a tough decision to make when it comes to choosing materials. There is steel and glass and concrete and wood. What about fabric! Architectural Fabric Structures are fast becoming a very common and visible part of the built environment. No longer used for garden parties and traveling circuses, these structures come in many new forms and uses.Fabric structures are being designed for as few as one person as in a boutique resort hotel in the outback of Australia, to covering 50,000 plus at the Super Bowl in Houston, Texas. Fabric Structures are now also being designed to cover animals as well like at Seaworld, Orlando where these structures cover dolphins to prevent them from sun burn (they get sun burn too?). And let's not forget Man's newest best friend, the automobile. More and more, the automobile has taken center stage where valet parking attendants, airport parking owners and car dealers are discovering the advantages of covering automobiles.Fabric Structures are beings used as roofs, sails, walls, lights, shades and even signs. With all these different uses and forms, there are a variety of materials to choose from depending on one's needs, budget and...more
What Can a Freelance Writer Do For You?A freelance writer is an independent contractor who usually telecommutes (works from home). You might hire a freelance writer for a small project or on an on-going basis to do regular work, part- or full-time. Freelance writers can tackle any writing or editing project you may have, including: articles,...more
Those Britons who are paying for their energy through a prepayment scheme are losing out on millions of pounds, according to findings by a price comparison website.In a study carried out by moneysupermarket, it was revealed that the typical person meeting the cost of their utility bills via prepayment is paying out an average of 1,026 pounds 46...more
We are in recession and have just began to chip away at the tip of an iceberg that is credit crisis. Former Treasury Secretary Larry Summers recently stated, "We are facing the most serious financial stress that the U.S. has seen in at least a generation." I think to call our economic situation a recession and the subprime bubble a credit crisis is a gross understatement.This is just the beginning - an opinion shared by Satyajit Das, a world-renown expert on credit derivatives, who is also the author of 4,000+page reference text on this subject.I believe we are going into a nasty bear market. Why?1. Extraordinary level of debt characterizes a very weak economic state.2. Political leadership with silly intervention proposals.3. Subprime market bubble that is just a key to Pandora's boxÂ…watch out!Massive DebtBush's oil war on Iraq is a $300 billion dollar per year burden on the U.S. economy (by many scholarly and economic estimates). This is expensive by itself, but becomes completely unaffordable when we factor in that the US Government borrows $250-300 billion dollars form China every year above and beyond what it already collects in taxes in spite of tax payers overpaying (i.e....more
Let's admit it; we all want to be more, do more, and have more. When you ask people if they would like to be happier, healthier, or more prosperous financially, you are certain to get an affirmative response. This is because every living thing in...more
It has been said often enough in recent times that buy-to-let has two notable characteristics at present. One of these is that there is a determination on the part of most investors to make their investment a long-term one, eschewing the notion of...more
The news earlier this week from the Council of Mortgage Lenders (CML) that the number of buy-to-let mortgages taken out last year was higher in the credit-crunch blighted second half than the roaring first six months may have surprised many. But it...more
Portugal has always been a popular destination for Britons wishing to purchase a holiday home abroad or to buy a place in the sun for their retirement. Pure investment purposes have also been behind such foreign property transactions, but according...more
Buy-to-let investment in the UK is set to go from strength to strength in 2008, it has been suggested by one industry commentator.Malcolm Harrison from the Association of Residential Letting Agents (Arla) has claimed that this year could be yet...more
Those who believe the Spanish market is past its best may be barking up the wrong tree. Not because there hasn't been a property market correction, not because there isn't a global credit crisis and not because many investors looking for new hotspots...more