How Mortgages Work in the US – a short guide

The mortgage industry works a little differently in the US than it does in many other parts of the world. Mortgage loans are treated as commercial paper, which means that lenders can convey and assign them freely. That results in a situation where financial institutions bundle mortgage loans into securities that people can invest in. The purpose of this system is to quickly free up money for the financial institutions to lend out in the form of new mortgages. The US also has a number of government-sponsored enterprises, such as…

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Rally to Commemorate the Victims of the 2016 Irreechaa Massacre & Protest against Violence and Political Repression

This year, while celebrating the?Irreecha?festival, Oromo communities in the Diaspora will commemorate those who were murdered in Bishoftu on October 2, 2016 by the Ethiopian government forces and the conditions they created to victimize innocent people. Irreecha is an ancient Oromo cultural tradition which survived many years of repression, and continues to flourish. It is observed in late September and early October annually at the historic Lake (Hora) Arsadi near the town of Bishoftu, about 25 miles south of Finfinee (Addis Ababa). In recent years three to five million people…

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