Monday, October 5, 2009
Thursday, December 18, 2008
Subprime Lending:
Subprime lending (also known as B-paper, near-prime, non-prime, or second chance lending) generally refers to lending at a higher expectation of risk than that of A-paper, and generally accompanied by higher interest rates.
In the United States, mortgage lending specifically, the term "subprime" refers to loans that do not meet Fannie Mae or Freddie Mac guidelines. This is generally due to one or a combination of factors, including credit status of the borrower, income and job history, and income to mortgage payment ratio. The phrase also refers to bank loans taken on property that cannot be sold on the primary market, including loans on certain types of investment properties and to certain types of self-employed persons. Subprime lending encompasses a variety of credit instruments, including mortgages, car loans, and credit cards.
A subprime loan may have less room for financial difficulties of the borrower, which can lead to late payments and defaults.
Stemming from the credit crunch, attention has been drawn to recent subprime lending practices. It has been suggested that some lenders engaged in predatory lending practices. More extreme allegations include deliberately targeting borrowers who could not understand what they were signing or lending to people who could never meet the terms of their loans. Many of these loans included exorbitant fees and hidden terms and conditions, and they frequently led to default, seizure of collateral, and foreclosure. There have been charges of mortgage discrimination on the basis of race.[1] While often defended on the basis of lending to borrowers with compromised credit histories, the Wall Street Journal reported in 2006 that 61% of all borrowers receiving subprime loans had credit scores high enough to qualify for prime conventional loans.[2]
Due to the extent and the magnitude of the lending and credit crisis, which has affected the greater financial markets, the controversy surrounding subprime lending has expanded.
Proponents of subprime lending maintain that the practice extends credit to people who would otherwise not have access to the credit market.
In the United States, mortgage lending specifically, the term "subprime" refers to loans that do not meet Fannie Mae or Freddie Mac guidelines. This is generally due to one or a combination of factors, including credit status of the borrower, income and job history, and income to mortgage payment ratio. The phrase also refers to bank loans taken on property that cannot be sold on the primary market, including loans on certain types of investment properties and to certain types of self-employed persons. Subprime lending encompasses a variety of credit instruments, including mortgages, car loans, and credit cards.
A subprime loan may have less room for financial difficulties of the borrower, which can lead to late payments and defaults.
Stemming from the credit crunch, attention has been drawn to recent subprime lending practices. It has been suggested that some lenders engaged in predatory lending practices. More extreme allegations include deliberately targeting borrowers who could not understand what they were signing or lending to people who could never meet the terms of their loans. Many of these loans included exorbitant fees and hidden terms and conditions, and they frequently led to default, seizure of collateral, and foreclosure. There have been charges of mortgage discrimination on the basis of race.[1] While often defended on the basis of lending to borrowers with compromised credit histories, the Wall Street Journal reported in 2006 that 61% of all borrowers receiving subprime loans had credit scores high enough to qualify for prime conventional loans.[2]
Due to the extent and the magnitude of the lending and credit crisis, which has affected the greater financial markets, the controversy surrounding subprime lending has expanded.
Proponents of subprime lending maintain that the practice extends credit to people who would otherwise not have access to the credit market.
Subprime lending:
Subprime lending (also known as B-paper, near-prime, non-prime, or second chance lending) generally refers to lending at a higher expectation of risk than that of A-paper, and generally accompanied by higher interest rates.
In the United States, mortgage lending specifically, the term "subprime" refers to loans that do not meet Fannie Mae or Freddie Mac guidelines. This is generally due to one or a combination of factors, including credit status of the borrower, income and job history, and income to mortgage payment ratio. The phrase also refers to bank loans taken on property that cannot be sold on the primary market, including loans on certain types of investment properties and to certain types of self-employed persons. Subprime lending encompasses a variety of credit instruments, including mortgages, car loans, and credit cards.
A subprime loan may have less room for financial difficulties of the borrower, which can lead to late payments and defaults.
Stemming from the credit crunch, attention has been drawn to recent subprime lending practices. It has been suggested that some lenders engaged in predatory lending practices. More extreme allegations include deliberately targeting borrowers who could not understand what they were signing or lending to people who could never meet the terms of their loans. Many of these loans included exorbitant fees and hidden terms and conditions, and they frequently led to default, seizure of collateral, and foreclosure. There have been charges of mortgage discrimination on the basis of race.[1] While often defended on the basis of lending to borrowers with compromised credit histories, the Wall Street Journal reported in 2006 that 61% of all borrowers receiving subprime loans had credit scores high enough to qualify for prime conventional loans.[2]
Due to the extent and the magnitude of the lending and credit crisis, which has affected the greater financial markets, the controversy surrounding subprime lending has expanded.
Proponents of subprime lending maintain that the practice extends credit to people who would otherwise not have access to the credit market.
In the United States, mortgage lending specifically, the term "subprime" refers to loans that do not meet Fannie Mae or Freddie Mac guidelines. This is generally due to one or a combination of factors, including credit status of the borrower, income and job history, and income to mortgage payment ratio. The phrase also refers to bank loans taken on property that cannot be sold on the primary market, including loans on certain types of investment properties and to certain types of self-employed persons. Subprime lending encompasses a variety of credit instruments, including mortgages, car loans, and credit cards.
A subprime loan may have less room for financial difficulties of the borrower, which can lead to late payments and defaults.
Stemming from the credit crunch, attention has been drawn to recent subprime lending practices. It has been suggested that some lenders engaged in predatory lending practices. More extreme allegations include deliberately targeting borrowers who could not understand what they were signing or lending to people who could never meet the terms of their loans. Many of these loans included exorbitant fees and hidden terms and conditions, and they frequently led to default, seizure of collateral, and foreclosure. There have been charges of mortgage discrimination on the basis of race.[1] While often defended on the basis of lending to borrowers with compromised credit histories, the Wall Street Journal reported in 2006 that 61% of all borrowers receiving subprime loans had credit scores high enough to qualify for prime conventional loans.[2]
Due to the extent and the magnitude of the lending and credit crisis, which has affected the greater financial markets, the controversy surrounding subprime lending has expanded.
Proponents of subprime lending maintain that the practice extends credit to people who would otherwise not have access to the credit market.
Monday, July 14, 2008
Hi ALL
HI this is Gopi!
How u r all doing!
Here I am posting some quotes which will enocourage us to work inspite of any Obsticles...
The man of wisdom is never of two minds;
the man of benevolence never worries;
the man of courage is never afraid.
Confucius
The first step in the acquisition of wisdom is silence, the second listening, the third memory, the fourth practice, the fifth teaching others.
Silence does not always mark wisdom.
No man was ever wise by chance.
Of all parts of wisdom the practice is the best.
Try not to become a man of success but a man of value.
Albert Einstein
Inspiration and genius--one and the same.
To find what you seek in the road of life,
the best proverb of all is that which says:
"Leave no stone unturned."
If you can imagine it, you can achieve it; if you can dream it, you can become it.
If you would create something,
you must be something.
Let thy (It means "mine"(It is old english)) words be few.
Happy are those who dream dreams and are ready to pay the price to make them come true.
The power of imagination makes us infinite.
First say to yourself what you would be;
and then do what you have to do.
It was a high counsel that I once heard given to a young person, "Always do what you are afraid to do."
We are what we repeatedly do. Excellence, therefore,
is not an act but a habit.
Experience is the child of thought, and thought is the child of action.
Do not wait to strike till the iron is hot; but make it hot by striking.
Fortune favors the brave.
How u r all doing!
Here I am posting some quotes which will enocourage us to work inspite of any Obsticles...
The man of wisdom is never of two minds;
the man of benevolence never worries;
the man of courage is never afraid.
Confucius
The first step in the acquisition of wisdom is silence, the second listening, the third memory, the fourth practice, the fifth teaching others.
Silence does not always mark wisdom.
No man was ever wise by chance.
Of all parts of wisdom the practice is the best.
Try not to become a man of success but a man of value.
Albert Einstein
Inspiration and genius--one and the same.
To find what you seek in the road of life,
the best proverb of all is that which says:
"Leave no stone unturned."
If you can imagine it, you can achieve it; if you can dream it, you can become it.
If you would create something,
you must be something.
Let thy (It means "mine"(It is old english)) words be few.
Happy are those who dream dreams and are ready to pay the price to make them come true.
The power of imagination makes us infinite.
First say to yourself what you would be;
and then do what you have to do.
It was a high counsel that I once heard given to a young person, "Always do what you are afraid to do."
We are what we repeatedly do. Excellence, therefore,
is not an act but a habit.
Experience is the child of thought, and thought is the child of action.
Do not wait to strike till the iron is hot; but make it hot by striking.
Fortune favors the brave.
Tuesday, January 29, 2008
Hi Friends
Whatever happened, it happened for good.
Whatever is happening, is happening for good.
Whatever that will happen, it will be for good.
What have you lost for which you cry?What did you bring with you, which you have lost?
What did you produce, which has destroyed?You did not bring anything when you were born.
Whatever you have, you have received from Him.Whatever you will give, you will give to Him.You came empty handed and
you will go the same way.
Whatever is yours today was somebody else’s yesterday and will be somebody else’s tomorrow.
Change is the law of the universe.
Whatever is happening, is happening for good.
Whatever that will happen, it will be for good.
What have you lost for which you cry?What did you bring with you, which you have lost?
What did you produce, which has destroyed?You did not bring anything when you were born.
Whatever you have, you have received from Him.Whatever you will give, you will give to Him.You came empty handed and
you will go the same way.
Whatever is yours today was somebody else’s yesterday and will be somebody else’s tomorrow.
Change is the law of the universe.
Sunday, January 13, 2008
Tuesday, January 1, 2008
Friday, December 28, 2007
Priya D V
Hallo focs,
Have nice day......................
Hey don't sleep......................... Jago jago subaha h0gayi......................
bye focs, take care
Have nice day......................
Hey don't sleep......................... Jago jago subaha h0gayi......................
bye focs, take care
Thursday, December 27, 2007
www.freshersworld.com
TYPICAL QUESTIONS THAT AN INTERVIEWER WOULD ASK
1.Tell me about yourself
The most often asked question in interviews. You need to have a short statement prepared in your mind. Be careful that it does not sound rehearsed. Limit it to work/Study-related items unless instructed otherwise. Talk about things you have done well at your college and how you wanted to perform in the first job.
2. Why Should We Employ You?
For this question, your answer should list out strengths that you feel are relevant to the job. Given below are some answers which could help you with your answers. However, structure them to suit your requirements.
I have good co-ordination skills
Good analytical skills
I can persuade people to see my point of view, and get the work done
My greatest asset is my ability to motivate people
Even during emergencies, I do not loose my cool
I have good entrepreneurial skills
I have consistently met my deadlines and targets
Can say “no” to people when required to do so!
I am very co-operative with my sub-ordinates, and would like to see them grow
I am a good team player
I am very flexible, and have the ability to work hard under difficult work conditions
I have the experience and knowledge relevant to this job (Here, give appropriate details and examples)
3. Do You Have Offers From Other Companies ?
This is of course a difficult question to answer. Obviously, you must have applied to other companies if you are looking for a job or would have some offers from other companies already. Therefore, do not lie that you have not. However, you are on thin ice here! The interviewer could be checking your honesty. On the other hand, he/she may also be trying to find out how focused you are - are you applying randomly, or is there a well-planned strategy?
Whatever your answer, it should match your career goals.
4. What Salary Are You Expecting?
Try not to get into salary details early in the interview. If pressed, you could say that it all depends on the job, and would like to talk about it after a job offer. Say this in a convincing tone. In case you are asked this question in your latter interviews, give a direct answer. Do not sound apologetic while quoting the figure you have in mind.
SALARY EXPECTATIONS :
1. How much do you expect?
If you have done your homework, you would know how much other people in similar jobs are paid. Quote the range upfront.
2. How much do you think you are worth?
Work out how much you should be paid, given the market value of the job and your skills. If you can bring some extra skills to the table, do not hesitate to ask for more than the market value.
3. What kind of a culture are you comfortable with?
It is better to be frank about your preferences. Your interviewer will get a clear idea about your expectations.
4. Which is more important to you-salary, perks or growth opportunities?
This one will reveal the real you. So be sure what you are going to say. Above all, be true to yourself. If you think this is a negotiation move, then say clearly that you will never sell yourself short.
5. What do you know about our company?
Do not give your opinions about the company. Stick to reported facts that you have gathered from newspapers and so on. Talk about the product portfolio, size, income, and market perceptions of the company. Also it is better to refer details about each company before going for the interview from Freshersworld.com or PlacementWeek.com
6. Why should we choose you over someone else?
Talk clearly about problems that you have solved in your College/Project Team and highlight the quality required.
6. Your qualifications are excellent, but you may be overqualified for the position we have to offer?
Point out that more experience can never be a drawback. If you are multi-skilled, then highlight the fact that a company on the fast-track needs multi-skilled people. It needs people within different departments to work together. Also emphasise that the company's future growth will be an exponential function of your experience.
QUESTIONS YOU SHOULD ASK :
Interviewers usually round off by giving you an opportunity to ask questions. Treat it like a welcome opportunity.You could ask questions like.
a) Tell me about your company.
b) Now that I have outlined my career goals, do you think you can offer me the opportunities I need?
c) What kind of training and learning can I expect in your company?
d) Describe the work culture and the management style of your company?
e) What is the long-term vision of your company?
As a fresher, current position and status can impact the way you are interviewed. Fresh Out of College
The basis on which you will be judged is your academic background, family background, and interests.
If looking for your first job, ensure that your previous experience, even if it is part-time, is noticed.
Mention projects or responsibilities you may have undertaken. This will indicate your area of aptitude.
You should be willing to put in regular hours, in line with the company's policies. The interviewer needs to know whether you can be punctual and put in full-time work.
In case you have applied for the post of management trainee, you should display an ability to adapt, and indicate all-round interests. Moreover, you should have good interpersonal skills.
You should be enthusiastic to learn, and show commitment towards the organization, as the company will be spending a lot on your training.
Bring with you :
a) Copies of your resumes
b) References and letters of recommendations.
First Impressions :
There is a common saying that minds are made up within the first 5 minutes of an interview. So keep in mind these important first impression indicators. Walk in the door as if you already work there, carry yourself as though you feel perfectly comfortable with the situation. Arrive on time or a little early. In the waiting area, politely tell the receptionist who you are meeting and in a friendly way, ask where you should sit. Take slow, deep breaths to help you remain calm and focused. When introduced to the interviewer, have a firm, but not painful, handshake. Smile. Have good posture when sitting or standing. Introduce yourself in a relaxed, confident manner. Have a well-groomed, professional appearance. Project a feeling of confidence. Bring extra copies of your resume, some thing to write on and something to write with.
Freshersworld.com wish you all the best of luck in your Job Interview !
1.Tell me about yourself
The most often asked question in interviews. You need to have a short statement prepared in your mind. Be careful that it does not sound rehearsed. Limit it to work/Study-related items unless instructed otherwise. Talk about things you have done well at your college and how you wanted to perform in the first job.
2. Why Should We Employ You?
For this question, your answer should list out strengths that you feel are relevant to the job. Given below are some answers which could help you with your answers. However, structure them to suit your requirements.
I have good co-ordination skills
Good analytical skills
I can persuade people to see my point of view, and get the work done
My greatest asset is my ability to motivate people
Even during emergencies, I do not loose my cool
I have good entrepreneurial skills
I have consistently met my deadlines and targets
Can say “no” to people when required to do so!
I am very co-operative with my sub-ordinates, and would like to see them grow
I am a good team player
I am very flexible, and have the ability to work hard under difficult work conditions
I have the experience and knowledge relevant to this job (Here, give appropriate details and examples)
3. Do You Have Offers From Other Companies ?
This is of course a difficult question to answer. Obviously, you must have applied to other companies if you are looking for a job or would have some offers from other companies already. Therefore, do not lie that you have not. However, you are on thin ice here! The interviewer could be checking your honesty. On the other hand, he/she may also be trying to find out how focused you are - are you applying randomly, or is there a well-planned strategy?
Whatever your answer, it should match your career goals.
4. What Salary Are You Expecting?
Try not to get into salary details early in the interview. If pressed, you could say that it all depends on the job, and would like to talk about it after a job offer. Say this in a convincing tone. In case you are asked this question in your latter interviews, give a direct answer. Do not sound apologetic while quoting the figure you have in mind.
SALARY EXPECTATIONS :
1. How much do you expect?
If you have done your homework, you would know how much other people in similar jobs are paid. Quote the range upfront.
2. How much do you think you are worth?
Work out how much you should be paid, given the market value of the job and your skills. If you can bring some extra skills to the table, do not hesitate to ask for more than the market value.
3. What kind of a culture are you comfortable with?
It is better to be frank about your preferences. Your interviewer will get a clear idea about your expectations.
4. Which is more important to you-salary, perks or growth opportunities?
This one will reveal the real you. So be sure what you are going to say. Above all, be true to yourself. If you think this is a negotiation move, then say clearly that you will never sell yourself short.
5. What do you know about our company?
Do not give your opinions about the company. Stick to reported facts that you have gathered from newspapers and so on. Talk about the product portfolio, size, income, and market perceptions of the company. Also it is better to refer details about each company before going for the interview from Freshersworld.com or PlacementWeek.com
6. Why should we choose you over someone else?
Talk clearly about problems that you have solved in your College/Project Team and highlight the quality required.
6. Your qualifications are excellent, but you may be overqualified for the position we have to offer?
Point out that more experience can never be a drawback. If you are multi-skilled, then highlight the fact that a company on the fast-track needs multi-skilled people. It needs people within different departments to work together. Also emphasise that the company's future growth will be an exponential function of your experience.
QUESTIONS YOU SHOULD ASK :
Interviewers usually round off by giving you an opportunity to ask questions. Treat it like a welcome opportunity.You could ask questions like.
a) Tell me about your company.
b) Now that I have outlined my career goals, do you think you can offer me the opportunities I need?
c) What kind of training and learning can I expect in your company?
d) Describe the work culture and the management style of your company?
e) What is the long-term vision of your company?
As a fresher, current position and status can impact the way you are interviewed. Fresh Out of College
The basis on which you will be judged is your academic background, family background, and interests.
If looking for your first job, ensure that your previous experience, even if it is part-time, is noticed.
Mention projects or responsibilities you may have undertaken. This will indicate your area of aptitude.
You should be willing to put in regular hours, in line with the company's policies. The interviewer needs to know whether you can be punctual and put in full-time work.
In case you have applied for the post of management trainee, you should display an ability to adapt, and indicate all-round interests. Moreover, you should have good interpersonal skills.
You should be enthusiastic to learn, and show commitment towards the organization, as the company will be spending a lot on your training.
Bring with you :
a) Copies of your resumes
b) References and letters of recommendations.
First Impressions :
There is a common saying that minds are made up within the first 5 minutes of an interview. So keep in mind these important first impression indicators. Walk in the door as if you already work there, carry yourself as though you feel perfectly comfortable with the situation. Arrive on time or a little early. In the waiting area, politely tell the receptionist who you are meeting and in a friendly way, ask where you should sit. Take slow, deep breaths to help you remain calm and focused. When introduced to the interviewer, have a firm, but not painful, handshake. Smile. Have good posture when sitting or standing. Introduce yourself in a relaxed, confident manner. Have a well-groomed, professional appearance. Project a feeling of confidence. Bring extra copies of your resume, some thing to write on and something to write with.
Freshersworld.com wish you all the best of luck in your Job Interview !
Wednesday, December 26, 2007
about resume
Dear friend,
how are you please reply me how to prepare the resume in good man er
I hope you reply me very soon, good evening after reading this please don't think this is my free suggestion
how are you please reply me how to prepare the resume in good man er
I hope you reply me very soon, good evening after reading this please don't think this is my free suggestion
Tuesday, December 25, 2007
Accounting Basics 1
Dear friends
Good morning I am sending some basic information about accounting.
1 Personal account
Dr : The receiver of benefit.
Cr : The giver of benefit.
2 Real account
Dr : What comes in.
Cr : What goes out.
3 Nominal account
Dr : Expenses and losses.
Cr : Incomes and gains.
Good morning I am sending some basic information about accounting.
1 Personal account
Dr : The receiver of benefit.
Cr : The giver of benefit.
2 Real account
Dr : What comes in.
Cr : What goes out.
3 Nominal account
Dr : Expenses and losses.
Cr : Incomes and gains.
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