How home equity and home equity loan works
Filed under: Business & Economy, Career & Education, Home Equity, Subprime
Pano daw ba nag-wo-work ang tinatawag 
na ?home equity?? Eto pa, and dahil na-mention ko dun sa last paragraph na nag-qualify ako nang statement ko dahil bawal nga ang nag-bibigay nang financial advice pag wa ka license, ano daw ang tax credits? So, as follow up entry and by this time, you guys are macro-economists na, savvy investors pa, let?s talk about ?home equity? and ?tax credits?. They?re not the same, pero i-discuss ko sila separately.
In the Philippines, correct me if I am wrong, pero ang alam ko, wala silang “Home Equity Loans” Why? Hindi raw marunong mag-bayad ang ibang mga Pinoy! Bwahahaha! Nag-tanong ako sa isang bangko if I could loan sa equity nang condo unit ko and they cannot even understand what I am talking about. Hahaha! Now, just to make sure na applicable pa tong sinulat ko, eto, I am looking at a bank sa Pinas, wala akong makitang Home Equity Loans. Hahaha! Baka sa ibang bangko. Pucha puro Personal Banking at Corporate Banking and Remit Money to us! Hahaha! Naka-focus ang mga pokers sa mga OFW remittances!!! Waaaa!!!
Understanding Subprime and the US Housing Market
Filed under: Business & Economy, Career & Education, Equifax, Experian, Fannie Mae, Freddie Mac, Ginnie Mae, HUD, IndyMac, Jobs & Employment, Moody's, Mortgage-backed securities, Politics & Government, S&P, Subprime, Trans-Union, US Elections, US Housing Market
TO THOSE OF YOU WHO LINKED THIS ENTRY ON YOUR FINANCIAL FORUMS: MANY THANKS. IF YOU ARE STILL HAVING SOME HARD TIME UNDERSTANDING SUBPRIMES, HERE IS MY SUBPRIME SUMMARY THAT YOU MIGHT WANT TO TAKE A LOOK AT.
My entry today will try to explain 
and give you an understanding why events like this happens, especially with the fall of not only Lehman Brothers, Merrill Lynch, AIG but the previous big names like JP Morgan, Bear Stearns and even Freddie Mac and Fannie Mae, which were now taken over by the federal government. This is the only way to appreciate why everyone is rattled with the 500 points Wall Street meltdown yesterday.
There?s been so many bad news sa Wall Street if you?re one of those financial people na sinusundan ang story na to. There was JP Morgan, there was Bear Stearn and last week, the US government took over the management of Freddie Mac and Fannie Mae. Sino sila? These companies play a vital role sa US housing market, kasama ni Ginnie Mae. I will explain senyo kung sino sila.
Yesterday was big time again. It rattled everybody. It?s Lehman, Merrill Lynch (geez! I know a lot of people here pa naman) and AIG who was battered by subprime. Yeap, there?s the culprit again, Subprime.
