Posts Tagged ‘loan’

Looking Back At The Toxic Assets Problem

Looking Back At The Toxic Assets Problem

During the subprime problem the U.S. press and finance news channels was pretty active in using the term called “toxic assets” in many of their press releases and other articles.  If you have often wondered what these are and how they were responsible for many banks and financial institutions to tighten up their lending, then read on to understand more about them. Impact on mortgage loans Toxic assets are those financial investments backed by unsafe subprime home mortgages. You can recognize them as you drive around and see many properties with foreclosure signs on them. They are the ones that have proved to be “toxic assets” to the lending institutions who lent money in the first place to borrowers who have not been able to repay the mortgage and have been forced to put up foreclosure notices. These toxic assets are held by sizable U.S. financial institutions and are dragging

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Why Do Single Moms Take Out Loans?

Why Do Single Moms Take Out Loans?

Single moms raising their children all by themselves have become very common, especially in the US. Whatever the reason behind these mothers being single parents, it is very demanding for these mothers to raise their children all by themselves and also be the bread-winner. The financial strain caused by the monetary situation of the country along with the rest of the world doesn’t make their situation any easier. Realizing the hardships faced by the single mothers across the country, the government has enacted many financial aid programs to help these mothers. These programs can be in the form of loans to further education or other financial funding packages depending upon the needs of each woman. Besides the government-backed financial aid, single mothers are also entitled to loans from private firms or banks. In fact there are many kinds of loans that are designed to help out single women who are

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What Percent Of Single Moms Take Loans?

What Percent Of Single Moms Take Loans?

Single parenthood is a mounting and difficult reality, especially in the United States. The number of single parents in the country is astonishing; the digits only seem to be increasing every year. There are currently about 14 million single parents in the US and this figure has largely stayed the same for the past two decades. Furthermore, out of the 80 million children in the US right now, almost one fourth of these are being raised by single parents. Of the 14 million single parents, 85% are single mothers and the rest are single fathers. It is quite evident from the figures that most of the burden of raising children alone falls on single mothers. It is becoming increasingly difficult for these mothers to provide favorable conditions for their children to grow in due to the financial hardships faced by the entire world. It near impossible for the single mothers

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