To find out more about this subject click here: http://www.creditnowusa.com/Reverse-Mortgage
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Duration : 0:0:23
http://www.peoplestandup.ca
by Terrence MdKenna’s voice that this is from “DocZone,” a CBC.ca
The credit crunch
The global financial crisis (GFC) or global economic crisis is commonly believed to have begun in July 2007 with the credit crunch, when a loss of confidence by US investors in the value of sub-prime mortgages caused a liquidity crisis. This, in turn, resulted in the US Federal Bank injecting a large amount of capital into financial markets. By September 2008, the crisis had worsened as stock markets around the globe crashed and became highly volatile. Consumer confidence hit rock bottom as everyone tightened their belts in fear of what could lie ahead.
The sub-prime crisis and housing bubble
The housing market in the United States suffered greatly as many home owners who had taken out sub-prime loans found they were unable to meet their mortgage repayments. As the value of homes plummeted, the borrowers found themselves with negative equity. With a large number of borrowers defaulting on loans, banks were faced with a situation where the repossessed house and land was worth less on today’s market than the bank had loaned out originally. The banks had a liquidity crisis on their hands, and giving and obtaining loans became increasingly difficult as the fallout from the sub-prime lending bubble burst. This is commonly referred to as the credit crunch.
Although the housing collapse in the United States is commonly referred to as the trigger for the global financial crisis, some experts who have examined the events over the past few years, and indeed even politicians in the United States, may believe that the financial system was needed better regulation to discourage unscrupulous lending.
The global financial crisis enters a new phase
The collapse of Lehman Brothers on September 14, 2008 marked the beginning of a new phase in the global financial crisis. Governments around the world struggled to rescue giant financial institutions as the fallout from the housing and stock market collapse worsened. Many financial institutions continued to face serious liquidity issues. The Australian government announced the first of it’s stimulus packages aimed to jump-start the slowing economy.
The U.S. government proposed a $700 billion rescue plan, which subsequently failed to pass because some members of US Congress objected to the use of such a massive amount of taxpayer money being spent to bail out Wall Street investment bankers who some people may have believed could be one of the causes of the global financial crisis.
By September and October of 2008, people began investing heavily in gold, bonds and US dollar or Euro currency as it was seen as a safer alternative to the ailing housing or stock market.
In January of 2009 US President Obama proposed federal spending of around $1 trillion in an attempt to improve the state of the financial crisis. The Australian government also proposed another stimulus package, pledging to give cash handouts to tax payers, and spend more money on longer-term infrastructure projects.
Australia’s response to the global financial crisis – the first stimulus package
Australian prime minister Kevin Rudd and Treasurer Wayne Swan delivered their first budget in response to the global financial crisis, with the main objective being to fight inflation – a major problem in the local economy at the time.
The global financial crisis enters a new phase
The collapse of Lehman Brothers on September 14, 2008 marked the beginning of a new phase in the global financial crisis. Governments around the world struggled to rescue giant financial institutions as the fallout from the housing and stock market collapse worsened. Many financial institutions continued to face serious liquidity issues. The Australian government announced the first of it’s stimulus packages aimed to jump-start the slowing economy.
The U.S. government proposed a $700 billion rescue plan, which subsequently failed to pass because some members of US Congress objected to the use of such a massive amount of taxpayer money being spent to bail out Wall Street investment bankers who some people may have believed could be one of the causes of the global financial crisis.
By September and October of 2008, people began investing heavily in gold, bonds and US dollar or Euro currency as it was seen as a safer alternative to the ailing housing or stock market.
In January of 2009 US President Obama proposed federal spending of around $1 trillion in an attempt to improve the state of the financial crisis. The Australian government also proposed another stimulus package, pledging to give cash handouts to tax payers, and spend more money on longer-term infrastructure projects.
Duration : 0:44:58
http://www.firstcommercefinancial.com/
HARP Program has been extended, watch the video to learn what this means to you.
Duration : 0:1:59
http://www.what-u-dont-know.com If you don’t close your short sale by the end of the year you may be hit with a HUGE tax bill! Danny Poulos, mortgage banker and broker in Jupiter FL explains the ramifications of the expiration of the Mortgage Debt Forgiveness Act.
Duration : 0:1:45
If you’re shopping for a mortgage, you might want to lock in a loan sooner rather than later. Mortgage rates are climbing.
http://ratesinmotion.com/mortgage-rates-are-on-the-rise/
Duration : 0:5:10
http://homeloansfargo.com/
For more information, call or visit our experience brokers at:
Flagship Financial Group
1621 South University Dr., Suite 225 Fargo, North Dakota 58102
(701) 526-5262
Duration : 0:0:33
Suze talks with Matt Lauer about options YOU have for paying down your mortgage. She also discusses exactly why mortgage rates move up when inflation starts to set in. A definite must watch.
Duration : 0:5:42
The proposed Obama Administration settlement for mortgage lenders that engaged in widespread foreclosure abuses is a weak slap on the wrist for banks according to consumer advocates and liberal activists. The Young Turks host Cenk Uygur explains.
http://www.washingtonpost.com/business/economy/settlement-with-mortgage-lenders-inadequate-activists-say/2012/01/23/gIQAGNzDMQ_story.html
Feds Won’t Prosecute Banks Despite Evidence Of Crimes: http://www.youtube.com/watch?v=L-yqXnzBmLk
Subscribe to The Young Turks: http://bit.ly/eWuu5i
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Duration : 0:4:19
http://www.oppenheimlaw.com/
Florida Foreclosure defense attorney and legal blogger, Roy Oppenheim, talks about deficiencies and deficiency judgments.
In Florida, if you don’t pay back money you borrowed from your Florida bank on your primary or secondary residence, the bank can come after you and your property for up to 20 years.
A deficiency is when the bank forecloses on your house and a difference of money you owe remains. Once such a deficiency is registered by a court, it becomes a deficiency judgment.
In Florida, if you have a deficiency and it becomes a deficiency judgement, the Florida bank can seize your assets (bank accounts, cars, estate, etc.) for up to 20 years.
As your Florida foreclosure defense attorney, it is Roy Oppenheim’s job to ensure that you are not subject to a deficiency or a deficiency judgment. Even if you are subject to either of these, it is lawyers like Roy Oppenheim that can help in ensuring that a deficiency or a deficiency judgment does not affect any of your life-cycle events.
Ultimately, Roy Oppenheim says that it was in fact the Banks and Wall Street that caused the current Florida real estate situation and not your supposed bad decisions.
Roy Oppenheim recommends some the following actions to ensure that you are not subject to a deficiency or deficiency judgment:
- Consult a Florida foreclosure defense attorney
- Florida Short Sale
- Florida Structured foreclosure
- Modification
- Bankruptcy
All of Roy Oppenheim’s Florida clients that have come to him early in the process have not been subject to a Florida deficiency or a Florida deficiency judgement. As a result, most of Roy Oppenheim’s Florida clients can enjoy a sense of freedom.
http://www.oppenheimlaw.com/
In a series of short clips Roy Oppenheim will be covering important topics concerning Florida foreclosure defense and what you can do to better manage today’s state of the real estate market.
Roy Oppenheim will be covering a variety of topics including the following:
- Florida Short Sales
- Florida Strategic Default
- The State of Florida’s Real Estate Market
- Florida Foreclosure Defense
- Florida Deficiency Judgments
- Florida Second Mortgages
Subscribe to Roy Oppenheim’s channel to partake in the Summer School Series and gain knowledgeable information on Foreclosure Defense as it applies not only to Florida but also the rest of the United States.
http://www.oppenheimlaw.com/
Duration : 0:3:43
WSJ’s Steve Moore weighs in