Archive for December, 2008

Over 65: The Mortgage Loan Annuities

“If you have more than 65 years of age and you own a home, you can have from 32 thousand to 450 thousand Euros for the entire duration of your life.”

It’s just one example of advertising deals circulating recently on the pages of the newspapers and throws the formula for funding reserved to over 65 [...]

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PostePay credit cards, prepaid Europe

The credit card Postepay since it was issued has been quite successful. In late 2007 the Italian Post Office has stated that it had issued more than 3.5 million cards.
A very important figure, but that does not surprise me. The possibility of having an account with limited availability, to be used for payments on the [...]

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Replace the signature of the notary

Subrogation to the mortgage serves the signature of a notary. I know it costs them (high), which is why some lawyers are fighting to give permission to them to authenticate the signature in place of the notary. Surely the lawyers would find themselves with more work, but the convenience would also be in our favor, [...]

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Two other failed banks in the U.S.

The financial crisis is becoming more serious and two other banks in the United States have declared Bankruptcy. The First National Bank of Nevada and First Heritage Bank.
With these two banks are 7 bankruptcies registered in the U.S. this year. Unfortunately, with the mortgage crisis the banks are unable to find the credit necessary to [...]

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The securitization of mortgages

The securitization of mortgages is a financial transaction through which the bank sells to a company specialize in their mortgages.
The company is called special purpose vehicle and through the guarantee of these loans with the bank, issue of securities in the financial market.
The operation is completely transparent and they may not create problems to the [...]

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