It looks like you're using an Ad Blocker.
Please white-list or disable AboveTopSecret.com in your ad-blocking tool.
Thank you.
Some features of ATS will be disabled while you continue to use an ad-blocker.
Originally posted by dawnstar
somewhere, I think, if you look hard enough, you will find one nifty little scam has been played out, and some people have made themselves very rich...
Originally posted by MajorMalfunction
Sometimes, these days, it seems to me the government is only interested in the corporations, and never in the people that support the corporations with their hard-earned money.
Originally posted by titian
And Marg, you can ask your potential lender if they sell mortgage notes. Some, like Wells Fargo, do not. Had they done so we would not have gone with them.
Originally posted by titian
And Marg, you can ask your potential lender if they sell mortgage notes. Some, like Wells Fargo, do not. Had they done so we would not have gone with them.
Junk bonds became ubiquitous in the 1980s, through the efforts of investment bankers like Michael Milken and Drexel Burnham Lambert, as a financing mechanism in mergers and acquisitions. In a leveraged buyout (LBO) an acquirer would issue junk bonds to help pay for an acquisition and then use the target's cash flow to help pay the debt over time.
en.wikipedia.org...
reply to post by titian
You're seeing what happens now in markets like SW Florida and southern California
Then a man called and offered to help consolidate her bills and pay off her credit card.
The man was friendly and appeared to understand her situation, and he wanted to help.
The way he explained it, all she had to do was refinance her house at a really low rate of interest and she would get rid of those mounting bills.
Heck she'd even get a nice cheque to buy some new furniture.
Tempting proposition
Peg only met the man once, on the day when she read the contract, the day when he stood over her as she signed.
A couple of months later and the "really low" interest rate had jumped dramatically and Peg is now in court, fighting eviction, claiming she was hoodwinked into signing the deal.
sorce
Originally posted by Valhall
It doesn't matter if it's sold. The buyer of the mortgage is bound by the terms of the original loan.
Originally posted by Valhall
No.
*I'm adding this for the sake of not being a one-liner.*
Originally posted by titian
The greater concern should be what happens when they pull their money out...