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The latter amount, the interest component of the current payment, is the interest rate r times the amount unpaid at the end of month N–1. Since in the early years of the mortgage the unpaid principal is still large, so are the interest payments on it; so the portion of the monthly payment going toward paying down the principal is very small ...
Plataforma de Afectados por la Hipoteca (PAH; Platform for People Affected by Mortgages) is a Spanish grassroots organization that takes direct action to stop evictions and campaigns for housing rights. The PAH was set up in Barcelona in February 2009 and by 2017 had 220 local branches across Spain.
In July 2012, the US Senate accused HSBC of breaching safeguards that should have stopped the laundering of money from Mexico. HSBC had laundered over $800 million dollars for the Sinaloa cartel and the Norte del Valle cartel. HSBC agreed to pay a 1 Billion dollar fine and separate itself from former executives Sandy Flockhart and Michael ...