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Ameriquest
Ameriquest was one of the largest United States sub-prime mortgage lenders until its dissolution in September 2007. Among the first mortgage companies employing computers to solicit prospective borrowers and hasten the loan application process, Ameriquest was accused of predatory lending practices by United States banking regulators. The company was notable for its promotion of the stated income loan, whereby potential borrowers were allowed to claim income without verification of employment. The proliferation of lending to customers with marginal creditworthiness proved to be not only a key factor leading to the 2007 subprime mortgage financial crisis, but also a catalyst to Ameriquest's own demise. Ameriquest was widely known throughout the United States for its promotional activity. It advertised widely on television; flew blimps over football and baseball stadiums; and sponsored the Rolling Stones' A Bigger Bang tour, the Super Bowl XXXIX halftime show, and NASCAR drive ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Roland Arnall
Roland E. Arnall (March 29, 1939 – March 17, 2008) was an American businessman and diplomat. As the owner of ACC Capital Holdings, he became a billionaire with Ameriquest Mortgage. He was the Founder and funded the City of David alone for over 11 years. Additionally he funded, financed and was the visionary and co-founder of the Simon Wiesenthal Center, and from 2006 until shortly before his death he was the United States Ambassador to the Netherlands. Personal life Roland Arnall was born on March 29, 1939 in Paris, France. His parents were Eastern European Jews who had fled to Paris. During World War II, Arnall was raised as a Roman Catholic in a French village. He was kept unaware of being a Jew until after the war had ended, when he was six years old. After the war, Arnall and his family moved to Montreal, Canada. In the late 1950s they relocated to the United States, and for a while Arnall sold flowers on the streets of Los Angeles, California. In 1977 Arnall, a longt ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Predatory Lending
Predatory lending refers to unethical practices conducted by lending organizations during a loan origination process that are unfair, deceptive, or fraudulent. While there are no internationally agreed legal definitions for predatory lending, a 2006 audit report from the office of inspector general of the US Federal Deposit Insurance Corporation (FDIC) broadly defines predatory lending as "imposing unfair and abusive loan terms on borrowers", though "unfair" and "abusive" were not specifically defined. Though there are laws against some of the specific practices commonly identified as predatory, various federal agencies use the phrase as a catch-all term for many specific illegal activities in the loan industry. Predatory lending should not be confused with predatory mortgage servicing which is mortgage practices described by critics as unfair, deceptive, or fraudulent practices during the loan or mortgage servicing process, post loan origination. One less contentious definition of ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Stated Income Loan
A stated income loan is a mortgage where the lender does not verify the borrower's income by looking at their pay stubs, W-2 (employee income) forms, income tax returns, or other records. Instead, borrowers are simply asked to state their income, and taken at their word. These loans are sometimes called liar loans or liar's loans. Stated income loans were originated by Ameriquest. Reasons for stated income loans These loans are nominally intended for self-employed borrowers, or other borrowers who might have difficulty documenting their income. Stated income loans have been extended to customers with a wide range of credit histories, including subprime borrowers. The lack of verification makes these loans particularly simple targets for fraud. Stated income loans fill a gap of situations which normal loan standards would not approve. For example, a standard rule is that a customer's mortgage and other loan payments should take up no more than 45% of the person's income. This wo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
American Football
American football (referred to simply as football in the United States and Canada), also known as gridiron, is a team sport played by two teams of eleven players on a rectangular field with goalposts at each end. The offense, the team with possession of the oval-shaped football, attempts to advance down the field by running with the ball or passing it, while the defense, the team without possession of the ball, aims to stop the offense's advance and to take control of the ball for themselves. The offense must advance at least ten yards in four downs or plays; if they fail, they turn over the football to the defense, but if they succeed, they are given a new set of four downs to continue the drive. Points are scored primarily by advancing the ball into the opposing team's end zone for a touchdown or kicking the ball through the opponent's goalposts for a field goal. The team with the most points at the end of a game wins. American football evolved in the United States, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Blimp
A blimp, or non-rigid airship, is an airship (dirigible) without an internal structural framework or a keel. Unlike semi-rigid and rigid airships (e.g. Zeppelins), blimps rely on the pressure of the lifting gas (usually helium, rather than hydrogen) inside the envelope and the strength of the envelope itself to maintain their shape. Principle Since blimps keep their shape with internal overpressure, typically the only solid parts are the passenger car (gondola) and the tail fins. A non-rigid airship that uses heated air instead of a light gas (such as helium) as a lifting medium is called a hot-air airship (sometimes there are battens near the bow, which assist with higher forces there from a mooring attachment or from the greater aerodynamic pressures there). Volume changes of the lifting gas due to temperature changes or to changes of altitude are compensated for by pumping air into internal ballonets (air bags) to maintain the overpressure. Without sufficient overpressur ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Television
Television, sometimes shortened to TV, is a telecommunication medium for transmitting moving images and sound. The term can refer to a television set, or the medium of television transmission. Television is a mass medium for advertising, entertainment, news, and sports. Television became available in crude experimental forms in the late 1920s, but only after several years of further development was the new technology marketed to consumers. After World War II, an improved form of black-and-white television broadcasting became popular in the United Kingdom and the United States, and television sets became commonplace in homes, businesses, and institutions. During the 1950s, television was the primary medium for influencing public opinion.Diggs-Brown, Barbara (2011''Strategic Public Relations: Audience Focused Practice''p. 48 In the mid-1960s, color broadcasting was introduced in the U.S. and most other developed countries. The availability of various types of archival st ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Advertising
Advertising is the practice and techniques employed to bring attention to a product or service. Advertising aims to put a product or service in the spotlight in hopes of drawing it attention from consumers. It is typically used to promote a specific good or service, but there are wide range of uses, the most common being the commercial advertisement. Commercial advertisements often seek to generate increased consumption of their products or services through "branding", which associates a product name or image with certain qualities in the minds of consumers. On the other hand, ads that intend to elicit an immediate sale are known as direct-response advertising. Non-commercial entities that advertise more than consumer products or services include political parties, interest groups, religious organizations and governmental agencies. Non-profit organizations may use free modes of persuasion, such as a public service announcement. Advertising may also help to reassure employees ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Promotion (marketing)
In marketing, promotion refers to any type of marketing communication used to inform target audiences of the relative merits of a product, service, brand or issue, most of the time persuasive in nature. It helps marketers to create a distinctive place in customers' mind, it can be either a cognitive or emotional route. The aim of promotion is to increase brand awareness, create interest, generate sales or create brand loyalty. It is one of the basic elements of the market mix, which includes the four Ps, i.e., product, price, place, and promotion. Promotion is also one of the elements in the promotional mix or promotional plan. These are personal selling, advertising, sales promotion, direct marketing, publicity, word of mouth and may also include event marketing, exhibitions and trade shows. A promotional plan specifies how much attention to pay to each of the elements in the promotional mix, and what proportion of the budget should be allocated to each element. Promotion c ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
The Real News
The Real News Network (TRNN) is an independent, nonprofit news organization based in Baltimore, MD that covers both national and international news. History TRNN was founded by documentary producer Paul Jay and Mishuk Munier in September 2003, with the goal of creating a news network that made complicated concepts accessible to the average person. TRNN moved to Baltimore in June 2014, with the focus of telling stories about urban America, specifically focusing on the city's issues, including crime, education, and housing that are found throughout the United States. Communications executive John Duda became the organization's executive director in June 2020. TRNN does not accept funding from advertising, governments, or corporations - it is sustained through donations from viewers and foundations, and has a small for-profit segment. Content TRNN produces five-to-seven minute news reports available online or video on demand. In 2016, former Black Panther Marshall "Eddie ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
American News Project
Nick Penniman is an American nonprofit executive and journalist who serves as the co-founder and CEO of Issue One, a nonprofit organization whose mission is to strengthen American democracy and government ethics. Career Previously, Penniman was executive director of the Huffington Post Investigative Fund, which he founded with Arianna Huffington in 2009. Supported by large foundations and ''The Huffington Post'' (now ''HuffPost''), the operation established a multi-media newsroom of journalists. It was profiled in media publications, including the ''American Journalism Review'' and the ''Columbia Journalism Review''. In 2011, it merged with the Center for Public Integrity. Penniman founded the American News Project, an early venture into online video journalism, and served as the Washington director of the Schumann Center for Media and Democracy, where he worked closely with broadcaster Bill Moyers. Moyers and Penniman first met in 1999, when Penniman was running a national grass ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
John Wiley & Sons
John Wiley & Sons, Inc., commonly known as Wiley (), is an American multinational publishing company founded in 1807 that focuses on academic publishing and instructional materials. The company produces books, journals, and encyclopedias, in print and electronically, as well as online products and services, training materials, and educational materials for undergraduate, graduate, and continuing education students. History The company was established in 1807 when Charles Wiley opened a print shop in Manhattan. The company was the publisher of 19th century American literary figures like James Fenimore Cooper, Washington Irving, Herman Melville, and Edgar Allan Poe, as well as of legal, religious, and other non-fiction titles. The firm took its current name in 1865. Wiley later shifted its focus to scientific, technical, and engineering subject areas, abandoning its literary interests. Wiley's son John (born in Flatbush, New York, October 4, 1808; died in East Orange, New Je ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
2007 Subprime Mortgage Financial Crisis
The United States subprime mortgage crisis was a multinational financial crisis that occurred between 2007 and 2010 that contributed to the 2007–2008 global financial crisis. It was triggered by a large decline in US home prices after the collapse of a housing bubble, leading to mortgage delinquencies, foreclosures, and the devaluation of housing-related securities. Declines in residential investment preceded the Great Recession and were followed by reductions in household spending and then business investment. Spending reductions were more significant in areas with a combination of high household debt and larger housing price declines. The housing bubble preceding the crisis was financed with mortgage-backed securities (MBSes) and collateralized debt obligations (CDOs), which initially offered higher interest rates (i.e. better returns) than government securities, along with attractive risk ratings from rating agencies. While elements of the crisis first became more visible d ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
