Monthly Archives: August 2020

Europe Interbank Offered Rate

real estate market will continue to rise. BUT: In early 2007, the American housing prices collapsed. Many of the ninjas noticed that were paying for their home more than now It was worth and they decided to (or could not) continue to pay their mortgages. Automatically, no one wanted to buy MBS, CDO, CDS, Synthetic CDO and those who already had them could not sell them. The entire Assembly was sinking and one day, San Quirze de Oficina Director called a neighbor to tell him that well, that that money it had vanished, or, in the best cases, it had lost 60 percent of its value. 8Th comment: go now to explain the neighbor of San Quirze what the ninjas, the Bank of Illinois and the Chicago Trust Corporation.

You can not be explained for several reasons: the most important, because nobody knows where the money is. And to say nobody, I mean nobody. But things go further. Because – no -one knows the crap that have banks in bundles of mortgages that have bought, and as anyone knows, banks begin to not trust each other. How they do not trust, when they need money and going to the INTERBANK market, which is where banks lend money to each other, don’t lend it or lend it expensive.

The interest that is they lend money banks in the interbank is the Euribor (Europe Interbank Offered Rate, or rate of interest offered on the interbank market in Europe), rate which, as you can see in the word EURIBOR 3 months of this dictionary, has been rising (now is beginning to go down). Therefore, banks now have no money. Consequences: i. do not give credits ii. Do not give mortgages, with what the Habitat, Colonial, Renta Corporacion, Colonial, etc., begin to go wrong, very wrong. And shareholders who bought shares of those companies, see contributions of these societies are falling sharply. III.

Ruben Sanchez

They also advocate the establishment of a public housing with social car park, since in Spain there are more than 6 million empty homes; and, finally, that ends impunity for judges, bankers and all those people who are to blame for the crisis in Spain. We are not going to stop, we don’t serve us their patches nor their moratoriums and do not know what the families consider them in dire need, said Roeva, who added that they consider it a joke. At this point, he reminded Congress, making 5 or 6 days entered an amendment where the cessation of evictions were asked, and the PP voted emphatically not while that the PSOE had abstained.And a few days later they say they are going to paralyze evictions we no longer believe in these Chinese tales, said the spokesman, who has concluded saying that he must urgently change the mortgage law already. Facua also makes critiques Facu-consumers in action has considered that there is no sufficient clarity and detail in the announcement made by the Spanish Banking Association (AEB) and the Confederation Espanola de boxes of savings (ECSC) to stop evictions, since has not been clarified what those conditions considered extreme cases. Also, the Association has asked the Government to open the debate to launch action urgent against evictions throughout civil society and other political parties, and not only involved the PP and PSOE. The Facua spokesman Ruben Sanchez said that the design of this new law, cannot be in the hands of these two parties since they are the two formations that have allowed the creation of the housing bubble and the execution of evictions. See more: the People affected by the mortgage platform sees a “patch” the gesture of banks with foreclosures