mr momo
Mortgage
Mortgage is a loan the borrower can be either an individual or institution
That borrow money to buy a house or any other drug, and be owned
This real estate security for the loan, meaning that in case of inability to repay the loan
The lender the right to take action to Pettmlleke of this drug,
In another, the property remains subject to the repayment of the loan until it is
Therefore depend on the lender is called, is called the borrower is going now.
And had agreed some Muslim scholars on this kind of permissive
Loans without other legally denied in others it is permissible to prove
Barriers where legitimacy.
Mortgage crisis
Began marketing real estate in America for low-income people in a way that was
Whole circumvention of the laws of the country and the credit limit [citation needed]
The purchase contracts nonwoven greedy way to make the premium rises with
The length of time, and when non-payment for once take the benefits of the premium
Three times a month that has not been paid [citation needed], not
This, but there are provisions in the contracts raise interest rates when they change
Fed U.S. [citation needed].
Then managed real estate companies in the marketing of homes for low-income and succeeded
To circumvent the laws of the credit limit, resulting in high
Real estate prices, and then became the homes of low-income amounts are estimated
Exceed the value of buying the truth of the early buyers, so he started the low-income
Taking loans from banks by insuring their homes, which have not paid and was mainly
These loans regardless of credit on the price difference between the desired value
In the market, but after a while and then it began cons of contracts Knitwear
Float on the scene and became unbearable monthly premiums declined many
Payments and real estate prices started to come down to the bottom.
Most banks and real estate companies felt threatened to sell the debt arose
Citizens in the form of bonds to international investors by ensuring homes, took refuge in
Some investors after the worlds growing problem of mortgage
Insurance companies that found in the subprime crisis an opportunity for profit,
Ensuring that if the houses to prevent low-income citizens for
Payment of the value of mortgage their homes, so the insurance companies classify
Debt securities into two categories: category (a) subject to the payment, and category (b)
Can not pay, then insurance companies started to take the insurance premiums
Bonds from international investors.
The problem has become a complex, low-income citizen thinks that the house has,
And real estate companies that did not receive the full value of the home that you think
Houses that have, at the same time the banks think that the houses have by virtue of what
Taken from low-income loans to ensure houses, and in the same boat as you think
Insurance companies that the houses by virtue of its obligation to pay amounts
Bonds to international investors, in the case of non-payment of the value of
Mortgage for low-income citizens.
Crisis
Stop low-income people to pay premiums under their homes after the weary
Increasing premiums. Forcing companies and banks to try to sell
Houses to resolve the conflict; and led to protests by homeowners encumbered
Those who refused to turn out, prompting the value of the property to
Landing, and soon after discovered that the value of the mortgage is paid
Back cover banks and insurance companies, real estate and insurance. Which
Impact in turn on the bonds by international investors of their rights when Vtaliboa
Insurance companies, declaring the largest insurance company in the world AIG failure
Vdrtha to fulfill their obligations to the client almost 64 million, which
Pay the U.S. government to grant assistance amounting to $ 85 billion
Versus owning 79.9% of the capital. To the right of many banks
America such as: Morgan Stanley and Goldman Sachs. The crisis continues
Mortgage your store password. Not low-income people will go out of their homes.
The homes of equal value or purchase value of loans. House that
Price of $ 20 thousand has debts of $ 100 thousand dollars (numbers
Approximate) pp
Lehman Braders
The Lehman Brothers was until recently the fourth-largest bank
Investment in the United States, founded by three immigrants were Germans
Trade in cotton in 1850. And works with the bank 25 935 staff
Around the world.
It was Richard Fuld, who served as Chief Executive Officer of Bank
Lehman Braders, which was described as a leading financial experts in the field.
And caused the bankruptcy of Lehman Braders significant negative effects on markets
World, has led to a decrease in major markets in the world, did not
Isolation from the Arab arena, that's where significant damage to its right, which led to the
Collapse of a number of its markets.
It was also considered specialists economists Lehman's bankruptcy case in months
Wall Street since the collapse of Drexel Foundation Bernam Lambert specialized
High-risk bonds in 1990.
The Bank has encountered great difficulties due to the drug crisis that hit States
Nations since mid-2007.
As Lehman was forced to drop Braders financial assets worth 5.6
Billion in the third quarter of 2007, and announced
Loss of $ 3.9 billion for the second quarter of 2008.
And exacerbated the financial crisis at Lehman even declared bankrupt on 15
September, 2008 after the failure of the efforts made by the directors of the bank
To save him, and provide the Bank a request bankruptcy to bankruptcy court in
Area south of New York.
The shares lost Lehman more than 92% of its value compared to the highest
Levels at 67.73 dollars in the month of November 2007.
The repercussions of the mortgage crisis in the United States
And faced the American insurance company: American International Group (A.
AIG), which is one of the largest insurance companies in the world, risk
After serious financial crisis that continued to ravage the U.S. economy
Following the announcement of the bankruptcy of Lehman Brothers investment bank sale and the imposition of
Merrill Lynch rival, and in the biggest shock of the financial sector since the recession
Great in 1929.
He sought the help of the Federal Reserve (the U.S. central bank) Bank
Morgan Stanley to review options for AIG
Insurance, which lost about 90% of its value since the beginning of the year.
The Council discussed the possibility of arranging loans of between 75 billion seventieth
Dollars to support the company (AIG), in addition to other financial options,
And turned to Goldman Sachs and Morgan Pocket financial adviser to the company
To discuss a range of options, pointing out that the credit facility, which
Complex will be a loan from a number of banks is just one of the options that
Were discussed.
The Federal Reserve also revealed his plan to increase its loans to banks
And financial institutions, and expanding the scope of institutions and companies that can
Take advantage of these facilities.
The head of the Federal Bank Ben Bernanke that he discusses with participants
Market weaknesses and fragility of the market after the collapse of the financial institution
Great, and appropriate responses by the public and private sectors to do so.
These positions came under growing fears for the collapse of the financial
As a result of global U.S. economic crisis.
Said Mark Badu, strategist at Cantor Fitzgerald & Co.
In San Francisco that "concern for Bank of America is in
Debt acquired, "he said, adding that there is a fear that the bank is
May bite off a larger piece of his ability.
With the fall of more new victims, the largest of the growing crisis, he said
Federal Reserve Board for the first time that he would accept the shares for
Cash loans.
A dozen of the world's largest banks have agreed to establish a fund
Emergency size seventy billion dollars, to be able to any of them
Get up one third of this amount.
In financial markets the Bank of America shares fell the most yesterday
Although the Bank will exceed rival Citigroup, becoming the largest bank in the
The country in terms of assets through the acquisition decision of Merrill Lynch.
And close on the Dow Jones industrial average was down by 4.4%, while
Decline in the S & P by 4.7%. Shares
Lehman rose 95% to 18 cents.
Long the crisis of the U.S. mortgage various sectors
Economic development in the United States and Europe and led to financial losses are not
Can be identified and banks suffered huge losses and declared bankruptcy and the collapse of
Some of them.
She said that the credit crisis due to the stoppage of a large number of borrowers
Financial payments, due on them, leading to incur greater
Institutions of the mortgage in America and are Fannie Mae and Freddie Mac
Excessive loss made the U.S. Treasury have to save them for the first
Time of its kind, which had a role in saving the global economy as well.
She added that the two institutions have treated the last two the amount of six trillion dollars
An amount equivalent to six times the size of the economies of Arab countries
Combined.
She stressed that the current financial crisis has not seen the world like a century ago
Of time and will have implications for the collapse of several banks and banks
Or declare bankruptcy.
Turning to the non-finance expert knowledge of the investment portfolio of the institutions
Numerous financial losses is not known how the institutions will be affected
Financial factor of confidence among investors, raising fears of a reluctance
Investors for investment and other repercussions.
And felt that it can not be separated between the capital markets, whether equities or bonds
Real estate, currency or the banks they are all linked together.
And considered that it was difficult to predict what will happen in the coming days and
Taken by the Fed (U.S. central bank) of the
Steps to address the current financial crisis.
The U.S. President George W. Bush administration sought to reduce the impact of bankruptcy
Lehman Brothers and its associated developments on the markets
Finance.
The most famous bank, "Lehman Brothers", the fourth largest bank in the United States,
Bankrupt in the early hours Monday after the failure of efforts to save him,
The bank will declare bankruptcy to bankruptcy court for the Southern
New York. He justified the bank's move to maintain the greatest extent possible
Value and protect assets.
And incurred losses for Lehman Brothers because of billions of dollars
Investments in the mortgage market.
And control authorities resorted U.S. banks last July to
Close Bank First National Bank of Nevada, the five branches
Century, and also shut down Bank First Heritage Bank branches all three.
And sold the assets of banks owned by the company First National Bank
Holding to the branches of Bank of Omaha. The value of the assets of banks 3.6
Billion dollars by the end of June than it was low
Before six months had a $ 4.1 billion.
The Bank and Chovia Corp's fourth-largest bank in the United States
Incurred losses quarterly record in the second quarter of this year
Value of 8.86 billion dollars, authorities closed the Banking Supervision
American Bank First National Bank of Nevada, the five branches
Century, and also shut down Bank First Heritage Bank branches all three.
And sold the assets of banks owned by the company First National Bank
Holding to the branches of Bank of Omaha, which will re-reopened Monday after
Authorities to close two on Friday.
The value of the assets of banks $ 3.6 billion by the end of June
June low for what it was before six months had
$ 4.1 billion.
These two new Alivlassan lift the number of banks that have declared bankruptcy
In the United States since the beginning of the year to seven.
In atheist th of July last Bank announced that the de Mac
California bankruptcy, the third largest event of its kind in recent history
The United States, note that the assets of the bank amounted to 32 billion dollars.
And before it went bankrupt bank Bear Stearns in March to buy JP
Morgan in a deal overseen by the U.S. central bank.
The relay bank bankruptcies western United States with
Exacerbation of the crisis the real estate market and the failure of several institutions.
Global reaction to the collapse of Lehman
Following the declaration of the Lehman Brothers bankruptcy crisis has aggravated money
U.S. to become the biggest victim of the global credit crisis.
The Wall Street Journal that Lehman, who was a source of
Pride before moving to sell 100% of the investment management unit,
It has a list of potential buyers, including private equity firms
Such as: Between Capital and Hellman & Friedman and Clayton Dobiljir Land
Rice.
Following this step the bank officials expressed varying positions on the Global
Che extent of the impact of the crisis on world markets.
The U.S. President George W. Bush that his administration is working to
Reduce the impact of bankruptcy of a bank, "Lehman Brothers" and its impact on markets
Money, and expressed optimism about the resilience of these markets. Warned at the time
Himself from the painful changes in the financial markets in the short term, and expressed
Confidence in the markets over the long term. Was rejected by the Secretary of the Treasury
Henry Paulson, any government assistance to the bank which hit it
Credit crisis U.S. financial sector.
It was agreed that Federal Reserve Chairman Alan retired U.S.
Greenspan with Paulson showed where some of the demands of the non-welcome to save
Lehman bankruptcy through the intervention of the State, considering that the bankruptcy of a major bank
Not a problem in itself, "It depends on how to manage the issue
How will the liquidation. "
However, it ruled out a solution soon for the current financial crisis which he considered
The most serious since a hundred years. He predicted the collapse of many institutions
Large financial special because of the cruelty of the financial crisis.
European, European and encountered the crisis with great caution, said the Minister of Finance
Britain's Alistair Darling commented that the governments should
And regulators and central banks, to cooperate to give the system
Financial stability amid the ongoing turmoil in the market.
While students and German Finance Minister Peer Steinbrueck, not hype
And exaggeration with regard to the situation in the capital markets, stressing at the time
Himself that the matter of the greatest financial crisis in decades,
But, he added saying that this does not mean the application of the domino theory
Financial institutions in Europe does not mean, of course, close the banks in
Europe.
The effects of financial crisis in the Persian Gulf
In the Persian Gulf Arab officials played down the effects of the crisis on their countries,
He said the Governor of the Saudi Arabian Monetary Agency (SAMA) Hamad bin
Saud al-Sayyari did not see at present any risk to the movement
Money in the Gulf.
Also commented all the UAE Central Bank Governor Sultan Nasser Al Suwaidi
And the Governor of the Central Bank of Oman Hamoud Al Zadjali comments
Similar When asked whether the damage to the banking institutions in their countries
Any risks.
The governor of Central Bank of Qatar Abdullah bin Saud Al Thani, The
Banks in the country has no funds to the U.S. investment bank
The collapsed Lehman or Merrill Lynch in reference to non-affected country
The recent financial crisis.
In Kuwait, President of the Union questioned the banks in the country's banks to be affected
Crisis, likely to not have any money invested in Lehman
Brothers.
Gulf stock markets
Gulf markets witnessed a sharp decline in stock markets where trades
Financial analysts attributed the decline to the bankruptcy of Lehman
Brothers, the fourth-largest investment bank in America.
Stock indicators also declined in the Gulf States to its lowest level since
And a half years, with the flight of investors from the market for fear of vulnerability
Repercussions of the recent turmoil in U.S. financial sector.
The Saudi stock market closed low 6.5% registered 7255.15
Point, where the trading index lost 34.3% of its value since the beginning of
2008.
The Kuwait Stock Exchange closed, the second largest bourse in the Arab world,
Down 3.8%, bringing the index to 12,360.2 points, or a loss of 488 points,
It is the largest loss in a single day in the year 2008.
The effects of the financial crisis in the rest of the Arab States
Expert pointed out, finance and investment and president of the Central Administration for market
Money in the Bank Misr Exterior Dr. Inayat Nagar Declaration
Bankruptcy bank (Lehman Brothers), the fourth largest bank in the United States
Impact on the performance of all capital markets negatively.
Effects of the crisis in Europe
Bank decided to Commerzbank's second-largest German banks at the beginning of the month
September dispense nine thousand jobs in the framework of a deal to buy rival
Dresdner Bank.
The deal is valued at $ 14.5 billion in what are called
The largest restructuring in the German banking sector since more than
Seven years.
Royal Bank of Scotland (RBS) under the Declaration of losses
British banks for the month of July 2008 losses amounted to 691 million
Pounds (1.35 billion dollars) in the first half of the year
2009.
European stock markets fell after Prime Minister
Gordon Brown's decision to nationalize the Bank of British authorities
Bradford & Bingley, and Belgium followed the same step with the Bank
Fortis. Banks, who greatly affected by the effects of mortgage crisis
Real Estate in the United States, created a state of tension and expectation in the
European financial markets, as called for France to hold an international conference
To discuss the current crisis.
Report of the Bank UBS Swiss
A report issued by UBS Swiss said in a statement the reasons for bankruptcy
Bank: that poor assessing the degree of risk in complex transactions
Mortgage-related was one of the main reasons for that loss
Gross, also justified the desire of the bank based on the mortgage sector
Real Estate in achieving the greatest possible profit sector investments
Real Estate, in the hope of access to the rank of a distinct worldwide.
The report also acknowledged that, despite the knowledge of the working group specialized in
Management of real estate investment risks surrounding the U.S. market,
But they did not call for assessment of the impact of those risks to their transactions, nor did
Set a maximum limit its dealings in the U.S. mortgage sector. I find
At the end of the day that the financial crisis if you do not change course in
Capitalist by raising interest rates threatened by massive loss
Excluding only the real estate sector, but all areas of real powers
Benefit from the experiences of non-Ptok benefits. And Oofaqa of the report
Issued, the root of the problem back to the year 2005, as advised
A group of experts from outside the bank dealing with mortgage bonds
American real estate, Vansaq UBS behind that recommendation,
And pushed strongly in the purchase and establishment of investment portfolios rose from the position
Bank in the global market after selling them to investors.
Which is exacerbated by the size of the losses that the bank has to invest heavily in
Some hedge funds even shut down a great loss, only to discover experts
UBS that the dealings were not transparent full
But does not have experts in any study on the ratio of the potential risks.
The dissemination of these results coincided with the announcement of the German Commercial Bank
On the work of a study on more banks hit by mortgage crisis
U.S., has been found that Swiss banks lost an average of 40%
Of financial assets, thus occupies the second place after some
U.S. financial institutions, financial institutions Kraushaar
German, down by 15% of its assets, and Britain was the least
Loss of 5%.
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