Subject: Nov-Dec 2014 Refinance Program Opportunities [Lower-Requirements]

From: NOV HomeAff Opportunities <[email-masked]>
Date: Sun, 23 Nov 2014 12:23:46 -0800

Verify Your Lower Rate Eligibility
New Low Fixed Rates Available
Please Check Your Status

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Dear Atompub-archive,

Hello.  This email is to provide notification of a lower rate-adjustment opportunity. The extension of this program means that the average home owner in the United States can save an average of $802/Per-Month.

View your new payment (This opportunity valid through the 2014-2015 Fiscal Period)
http://www.yourhomepaylab.com/graveling/wapping/apricots/surveying/woodgraining.htm

We have indicated you have not verified your eligibility for Q3 2014. Please correct this as soon as you can.

Please don't hesitate.  Take this opportunity to contact us with any questions or concerns that you have.  

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Sincerely, 

US Home Owners Rate Verification
(HARP Help Coordinators)
[HM-GV-9983]

Thank you from TIP-Quick Transport
Modify Delivery Preferences By Visiting:
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The Perspective of the Mortgage Process Throughout History
Mortgage history has its roots in ancient civilization. Many scholars hypothesize that debtors swore a pledge to obtain property before the advent of the mortgage. During these times, the mortgagor would make an agreement with a mortgagee to exchange property for repayment over time. The pledge became dead when the borrowing party could or could not meet the agreement. One of the earliest accounts of mortgage law stems from ancient India in the form of the Code of Manu, an ancient Hindu script that rejects deceptive and fraudulent mortgage practices. Critics of mortgaging lambasted the gaping holes of those who took advantage of the lending process by charging too much interest. Usurers had a special place in the seventh circle of hell, according to Dante's Inferno.Indeed, God condemns money lending in Jewish law. According to the American Law Register , the origin of mortgage history lies in the sacred Talmudic scriptures. The Ancient Greeks and Roman civilizations simply borrowed t
 hese concepts from Judaic sources. The Romans adopted the concept of debt security by assigning the possession of property to the creditor while the debtor remains in control of it until the debt is repaid. Jewish influence continued to have impact for societies who adopted money-lending practices, including the English common law that took advantage of all forms of the money-lending business.
Early maritime law also issued allowance for loans on merchant ships. Borrowers would repay the loan with interest once the ship arrived at their destinations. The United States adopted this ancient maritime mortgaging idea during the Second World War to safeguard the immense surplus on merchant ships. Private owners also mortgaged their ships to advance a loan to acquire their boats. Clearly, the modern mortgaging process has its roots in ancient money-lending policy.
The Rise of the American Mortgage Market

The rise of the United States mortgage market occurred between 1949 and the turn of the 21 st century. In fact, the mortgage debt to income ratio rose from 20 to 73 percent during this time. In addition, mortgage debt to household assets ratio rose from 15 to 41 percent. The American federal government's intervention in mortgage-based lending caused this rapid growth, thus setting it apart from the rest of the world. The American mortgage has its roots in the founding of the first legitimate commercial bank in 1781. Once established, a new system of banknotes exchange, governmental interplay, and lessened liability on the behalf of bankers caused the ripple effect in the United States mortgage market.
Commercial, mutual savings, and property banks expanded into the early 19 th century. These lending institutions catered to the unique characteristics of each region they infiltrated. For instance, banks in rural regions issued mortgages to farmers. The number of banks increased between 1820 and 1860, which also led to an uptick in the volume of loans. During this period, money-lending institutions issued between 55 and 700 million dollars in mortgage loans. The National Bank Act of 1864 established national bank charters and created greater security for the federal treasury. It also led to the development of a nationalized currency to help finance the Civil War. The nationalized currency replaced state and bank bonds The charters allowed for the banking system to expand; however, national banks faced restrictions from directly investing in mortgages and the long-term investment market. In 1893, small state banks started to issue bonds as acknowledgments of debts based on the credit 
 and trust of the debtor alone. The United States favored these types of mortgages; however, they vastly differed from the loans of today. In fact, the average life of these mortgages only lasted six years and account for less than half of the property's value.
The United States mortgage market faced disruption during the end of the 19 th century. It became a disorganized network of uneven allocated mortgage loans that impacted western farmers negatively. The segmentation of the mortgage market favored the Northeast while charging growing areas in the West with higher rates. The majority of lending institutions desired to urbanize the Northeast by injecting investment funds for city projects and expansion. Lending institutions provided nearly 40 percent of all loans for residential construction. Population numbers doubled in the Western cities, despite higher interest rates than their eastern counterparts. Scholars suspect that the uneven allocation of mortgage funds may have slightly stunted growth in new cities between 1880 and 1890. Western mortgage companies sold their loans to Eastern investors. However, the unsuspecting drought that caused farm foreclosures hurt Eastern investors and caused them to doubt the mortgage investment market
 . Investors regained their confidence when the West began its recovery and interest rates began to level. This occurred when life insurance companies became successful and funds moved across regional borders.