Greed and Capitalism

What kind of society isn't structured on greed? The problem of social organization is how to set up an arrangement under which greed will do the least harm; capitalism is that kind of a system.
- Milton Friedman

Wednesday, August 28, 2019

Strict lending requirements starting to erode



Mortgage Market Reopens to Risky Borrowers

Strict lending requirements that were put in place after financial crisis are starting to erode






https://www.wsj.com/articles/mortgage-market-reopens-to-risky-borrowers-11566379802 








Aura Minerals Inc.





Aura Minerals Inc i
s a mining company and engaged in the exploration, development, and operation of gold and base metal projects including San Andres Mine, Sao Francisco Mines, Aranzazu Mine and Serrote Project. It operates through following geographical segments namely Canada, Brazil, Mexico, and America. The firm generates most of its revenues from San Andres gold mine, the Sao Francisco gold mines in Brazil.






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More Stories

Aura Minerals Files 2018 Audited Annual Financial Statements and Management Discussion and Analysis
GlobeNewswire - Wed Mar 27, 11:16PM CDT
Aura Minerals Inc. (TSX: ORA) announces that the Company has published its 2018 Audited Annual Financial Statements and Management Discussion and Analysis.

Board Approval for Commencing Mining Operations in the Ernesto Deposit
GlobeNewswire - Fri Mar 8, 5:23PM CST
Aura Minerals Inc. (TSX: ORA) is pleased to announce that the Ernesto Deposit, located in Mato Grosso, Brazil, has received approval from the Board of Directors for Commencement of Operations.

Aura Announces Management Changes
GlobeNewswire - Thu Feb 21, 3:59PM CST
Aura Minerals Inc. (TSX: ORA) announces the appointment of Kleber Cardoso as VP Finance and the departure of Ryan Goodman as VP Legal Affairs.




Economics Blogs





Top 100 Economics Blogs of 2019 | Intelligent Economist

https://www.intelligenteconomist.com › economics-blogs




May 22, 2019 - Managerial Econ is the perfect blog for anyone wanting to solve managerial problems and make business decisions using economic principles.





Mortgage Market Reopens to Risky Borrowers -- "Liar Loans" Are Back!!


Mortgage Market Reopens to Risky Borrowers   
"Liar Loans" Are Back

Largely gone are the monikers subprime and Alt-A, a type of mortgage that earned the nickname “liar loan” because so many borrowers faked their income and assets. Now they are called non-qualified, or non-QM, because they don’t comply with post-crisis standards set by the Consumer Financial Protection Bureau for preventing borrowers from getting loans they can’t afford.






Borrowers took out $45 billion of these unconventional loans in 2018, the most in a decade, and origination is on track to rise again in 2019, according to Inside Mortgage Finance, an industry research group.Aug 21, 2019