mortgages

When you buy something on credit, someone else loans you money to pay for your purchase. If you repay your loans on time, you get a good credit rating. If you don?t, you get a bad credit rating. Learn about the different kinds of credit, how to calculate interest, how to keep credit records, and more.

Throughout history, people have always traded goods in exchange for others. This is a form of spending that continues in economies around the world when people exchange cash or credit for products and service.

"Describes the process of taking out a mortgage, the various components of such a loan, the responsibilities of the borrower, and the benefits and potential pitfalls of borrowing"--Provided by publisher.

This detailed and informative resource clearly describes the process of taking out a mortgage, the various components of such a loan, the responsibilities of the borrower, and the benefits and potential pitfalls of borrowing.

Throughout history, people have always traded goods in exchange for others. This is a form of spending that continues in economies around the world when people exchange cash or credit for products and service.

When you buy something on credit, someone else loans you money to pay for your purchase. If you repay your loans on time, you get a good credit rating. If you don?t, you get a bad credit rating. Learn about the different kinds of credit, how to calculate interest, how to keep credit records, and more.

Examines the role of Fannie Mae, other government agencies, private mortgage companies, and Wall Street firms in the 2008-2009 financial crisis and describes how greed and fear led each institution to ignore warnings about the coming economic collapse.

The author, an economics reporter for the "New York Times," recounts his own experiences with the subprime mortgage crisis, and explores the causes that catalyzed a global financial breakdown.