Mostly not. While there were real problems in the mortgage - backed securities market like misaligned incentives and lax regulation, calling them 'conspiracy' stories is a bit of a stretch. For example, the misrating of securities was more due to flaws in the rating models and the over - optimism in the housing market rather than a grand conspiracy.
One common conspiracy story is that big banks deliberately misrated the mortgage - backed securities. They knew the underlying mortgages were of poor quality but still rated them highly to sell them off easily and make huge profits. Another is that there was some sort of insider trading involved where certain players had information about the impending collapse of the mortgage - backed securities market and used it to their advantage by short - selling or getting out early.
Pacific Security Co., Ltd. was a national comprehensive security company established on January 6, 2004. Its registered office was located in Kunming City, Yunnan Province. The company gradually increased its registered capital to 6.8 billion yuan through business accumulation and various financing methods. In 2007, Pacific Security was listed on the Shanghai stock exchange. In recent years, the company had continuously strengthened its capital strength and implemented targeted additional shares and rights issues. The scope of business of Pacific Security includes the services of stock broking, stock investment consulting, financial consulting related to stock trading and stock investment activities, stock self-operation, stock underwriting and sponsorship, stock asset management, stock investment fund sales, and financial products on a commission basis.
There's a story of a family that bought a fixer - upper. Instead of hiring contractors, they did a lot of the renovations themselves. They sold things they no longer needed to raise extra funds for the mortgage payments. Over time, their hard work paid off and they became mortgage - free.
Well, in the'she backed into me story', it could be that she was distracted. For example, she might have been looking at her phone or talking to someone and didn't notice me behind her. It could also be that she misjudged the distance while trying to back out of a tight space. There are many possible reasons for such an incident.
One horror story could be that some elderly homeowners entered into reverse mortgages without fully understanding the terms. They thought they'd have a stable income for life, but unexpected fees ate into their equity. For example, a couple found out too late that maintenance and insurance requirements were strict, and when they couldn't meet them, they faced foreclosure threats.
There was a young couple who took out a PPI mortgage. A few years into the mortgage, the wife had to take a maternity leave earlier than expected due to some health issues. Thanks to the PPI, they were able to keep up with the mortgage payments during that time. It was a real success for them as they didn't have to dip into their savings or face any financial stress regarding the mortgage.
One horror story is when a lender suddenly changed the terms of the mortgage right before closing. The interest rate shot up, and the borrower couldn't afford it. They had already made plans based on the initial terms, like hiring movers and giving notice at their rental. It was a nightmare as they had to scramble to find another lender or risk losing their dream home.