![]() Judicial foreclosure laws result in foreclosures costing much more time and money than they do in states like California, which does not have judicial foreclosure laws. I hope that with these holidays all of my friends and family get tons of love from their favorite people, and I hope everyone has a wonderful holiday season.In some states, the law requires that lenders process foreclosures in state courts. And the best part is, they only come around in the wintertime, so they’re just that much better because they’re limited time only! Zillions of Hugs and Kisses Apple Cider is my favorite, as I’ve previously mentioned, but everything else is amazing, too. Yummy Holiday Drinks and DessertsĮggnog, hot chocolate, fruitcake and cookies are some very delicious things to eat and drink during the holidays. Turns out, X is the Greek letter “chi,” the initial letter in the word Χριστός. I bet you’ve never sat back and wondered what the X in the abbreviation for Christmas is. Thankfully, we have winter break, which every student is incredibly thankful for. Winter Breakīy the time the end of the first semester comes around, students everywhere NEED a break, or else they will go crazy. My cousins are so special to me, and I am so thankful for them. ![]() During the holidays, though, we all come together and spend days at a time with each other. My family is very important to me, but unfortunately, they live all over the place, so I don’t get to see them a lot. (But I am thankful for any present, whether it’s wrapped or in a bag). There’s something that makes receiving gifts so much better when it’s wrapped, as opposed to just in a bag. When I get a wrapped present for any holiday, I get so much joy out of tearing off the paper. It’s so cool to me to hear what people’s traditions are and how they came about. My cousin’s family makes a different kind of dessert every night from Christmas Eve to New Year’s Eve. As I mentioned previously, my family goes to New York. TraditionsĮvery family has a different tradition for the holidays, and I find it so intriguing to learn about everyone’s special tradition. Plus a few snow days from school every now and then never hurt. I think it’s so beautiful and fresh and smells so good, and I catch myself waking up every morning in the winter hoping it snows that day. Now that I am older, everyone just thinks it’s a hassle, but I still love it to no end. I have such a fondness in my heart for snow. The message from this movie is so important to me, and I think Rudolph is just adorable. Rudolph the Red-Nosed Reindeer is my all-time favorite Christmas movie I could watch it over and over and over again. The OK ones are sold to other banks and the risky mortgages are sold to hedge funds and risk takers who see the potential pay-off with the higher return as long as the mortgages are paid. The safe mortgages are also insured at a cost called a credit default swap, the investment banker sells the safe mortgages to the investors who only care to purchase safe investments. The AAA rated mortgages are safer but earn a lower rate of return. The risky mortgages receive less money so they are granted a higher rate of return, but also a high probability that they won’t be paid, making them a gamble. All together they are called a collateralized debt obligation or CDO (The causes and effects of the 2008 financial crisis). These mortgages that this banker bought are split into three categories: AAA, BBB and unrated or safe, OK and risky. The banker collects the mortgage payments and in the worst case scenario a homeowner defaults and he sells the home for a profit. The lender then sells the mortgages to the investment banker who then borrows more money to buy as many mortgages as he can. ![]() In reality, what happens is that once Greenspan lowers interest rates to one-percent in 2000, investors see better returns on mortgage investments so they seek out lenders to buy them from and the lender also sees potential in selling them so they agree. ![]()
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