MJC Ventures LLC: Consumer Credit

Total mortgages amounted to $14.6 trillion in 2007: $11.1 trillion home, $2.49 trillion commercial, $837 million multi-family, and $117 million farm.

The level of commercial/multifamily mortgage debt outstanding grew by 1.8 percent in the first quarter, to $3.4 trillion, according to the Mortgage Bankers Association (MBA) analysis of the Federal Reserve Board Flow of Funds data.

Overall consumer credit (revolving and nonrevolving) rose 4.2 percent in April to $2.56 trillion. Revolving $961 billion and non-revolving $1,608 billion.

Household debt service payments and financial obligations as a percentage of disposable personal income under 25%

The Evolution of the Sub Prime Mortgage Market

Inspirational Quotes

Great spirits have always encountered violent opposition from mediocre minds.

Albert Einstein

It has been my observation that most people get ahead during the time that others waste.

Henry Ford

Most men lead lives of quiet desperation and go to the grave with the song still in them.

Henry David Thoreau

Genius is one percent inspiration and ninety-nine per cent perspiration

Thomas Edison

It is not the critic who counts: not the man who points out how the strong man stumbles or where the doer of deeds could have done better. The credit belongs to the man who is actually in the arena, whose face is marred by dust and sweat and blood, who strives valiantly, who errs and comes up short again and again, because there is no effort without error or shortcoming, but who knows the great enthusiasms, the great devotions, who spends himself for a worthy cause; who, at the best, knows, in the end, the triumph of high achievement, and who, at the worst, if he fails, at least he fails while daring greatly, so that his place shall never be with those cold and timid souls who knew neither victory nor defeat.

Theodore Roosevelt

Choose a job you love, and you will never have to work a day in your life.
Confucius

Seize the day!

You are what you eat!

The best things in life are free!

Characteristics of Successful Entrepreneurs

They are persistent and they don't give up. They are resourceful and know how to make something out of nothing. They are curious and determined to find answers. They are innovative and ever striving to be better. They are constantly growing and challenging themselves. They surround themselves with other talented people. They aren't afraid of making mistakes and they admit when they are wrong. They can make the tough decisions even when they aren't popular. They understand the meaning of integrity and the importance of setting the right example. They believe their corporate culture gives them a strategic advantage. They believe their greatest asset is their people.

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Consumer Credit