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Abacus Mortgage Loans

Address: 15188 NW Central Dr Portland, OR 97229
Oregon license#: ML-2616 NMLS#: 225036
Abacus Mortgage & Loans in Portland, OR is a private company categorized under Mortgage Brokers Arranging for Loans, Using Money of Others. Our records show it was established in 1997 and incorporated in Oregon. Current estimates show this company has an annual revenue of $500,000 to $1 million and employs a staff of approximately 1 to 4.

LTV Breaking News - Goldman Sachs Abacus Mortgage Deal stirs controversy [Live from New York]

Deconstructing Derivatives: The Tool Banks Use To Bet Our Money

“Derivative.” The very word freezes the mind and chills the heart – as it’s meant to do. It floods the mind with thoughts that it’s too complicated, it’s high finance, way above anything I can understand. But it isn’t. In its basic form, it is quite simple.

How big is the derivative market today? There is really no adjective that can capture it. It is estimated at more than $1.2 quadrillion. For those of us used to dealing in hundreds and thousands, that’s an impossible number to conceive. It is said to be 10 times more than the total world gross domestic product. In other words, most of the value has little relation to anything tangible and exists only on paper. We will see how that can be after we uncomplicate the unnecessarily overcomplicated explanations.

Derivatives were at the heart of the 2008 Financial Crisis and remain a serious threat to our financial system today.

Back in 2002, that intrepid investor, Warren Buffett, famously predicted that derivatives were “ financial weapons of mass destruction. ” One year later, he directed that comment to the astonishing amount of derivatives on bank balance sheets calling them “ potential time-bombs. ” Today, we know the exact date they exploded.

Don't Let a Down Payment Scare You Off

College is over, but you still have to do the kind of math that matters.

Like: How am I supposed to save $50,000 for a down payment on a house?

If this question sends you into a shame spiral, making you second-guess your career, the city you live in and the jacket you bought yesterday, stop right there.

You don’t need to save 20% of a home’s value for a down payment. Yes, it could lead to a cheaper mortgage payment or lower interest rate. But many federal, state and local programs will let you buy a house with less down, or help you pay for the down payment outright.

Here are your options — and how to decide what’s best for you.

First-time home buyer programs

You may not know it, but there are tons of first-time home buyer programs that can make homeownership more affordable. State and local governments invest in them because high rates of homeownership can mean more stability in a community, and more accumulated wealth for local families, says Marietta Rodriguez, interim senior vice president for national initiatives at the nonprofit NeighborWorks America.