Mortgage rates and home prices remain attractive, but price iMortgage Fraud Settlement: A Second Bailout for the Banks?
Author: admin // Category: mortgage
From the Majority Report, live M-F 11:30am EST and via daily podcast at http://Majority.FM:
Looking deeper into the mortgage fraud settlement reveals just exactly what the banks get out of it…
Duration : 0:3:35
Dave Krieger is the author of Clouded Titles, a book exposing the mortgage scandal created by the Banksters that has affected millions of Americans. The book informs readers about foreclosure defense, strategic default, quiet title actions and county land record functions.
Available at the Infowars Store.
Clouded Titles
Retail Price: $49.95
Your Savings: $10.00
Your Price: $39.95
http://www.infowarsshop.com/Clouded-Titles_p_669.html
Clouded Titles (new updated edition with case cites) exposes the mortgage scandal created by banker endorsed deregulation and MERS (Mortgage Electronic Registration Systems). The fraud is wide spread and millions of Americans have been affected. What is most frightening is that many of them don’t even know it yet.
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The Light of the World,Movie(Full Length)
http://www.youtube.com/watch?v=HWO_peGaGvg
Duration : 0:55:12
John Maynard Keynes, the 20th-century economist, has been back in the news since the crisis started. Lord Skidelsky, historian, economist and Keynes biographer, talks to the FT’s economics leader writer Martin Sandbu about the Keynesian concepts currently at work in the markets.
http://www.FT.com
Duration : 0:5:16
Inside the US subprime crisis 01 April 2008 – Hot Latest News
Author: admin // Category: subprime mortgage
The subprime mortgage crisis in the US is being felt deeply by those in the business of selling homes.
With property sales dipping across the country, property agents are feeling the pinch.
Adam B. Salem is a property agent in the state of Virginia who has a lot of clients, many of them immigrants, who took out subprime loans they can’t re-pay.
He tells his story in his own words. – Hot Latest News – Watch more on http://fastlatestnews.com
Duration : 0:2:22
Mark Zuckerberg uses an adjustable-rate mortgage. Should you? Probably not. Jack Hough discusses on Markets Hub. Photo: AP.
Duration : 0:3:46
Day #1 0:01 Homeowner explains Home Affordable Refinance Program (HARP). $291 savings.
Day #2 1:42 Mortgage Insurance for the refi loan takes more time and initially thought.
Day #3 2:44 Still waiting for mortgage insurance.
Day #4 4:55 Mortgage is coming through, but there is no final approval.
Day #5 6:06 Approval is back, next is audit approval. Sorry for the spelling.
Day #6 7:14 HARP DENIED – due too a credit card judgment.
At first mortgage insurance was holding the process down. Once the mortgage insurance came through, due to a credit card judgment, Home Affordable Refinance Program (HARP) was denied, even though she is a responsible home owner.
Duration : 0:9:5
Inside story of one of the most controversial moments of the U.S. financial crisis – and it’s dramatic ramifications…
Duration : 0:55:21
Video provided by the U.S. House of Representatives. Predatory Lending – Committee on Oversight and Government Reform – Tape Deck 12 – 2007-03-21 – Subcommittee on Domestic Policy.
This was be the first in a series of hearings Subcommittee Chairman Dennis John Kucinich plans to hold looking at various issues afflicting urban America.
The Domestic Policy Subcommittee held a hearing on predatory mortgages, payday loans, and foreclosures that plague inner-city America. The riskiest segment of the U.S. mortgage market, which serves borrowers with poor credit histories at high interest rates, has seen rising default rates in recent months amid falling prices and slower sales in the housing market.
Key Economic Facts:
On Tuesday, 13 March 2007, the Dow Jones Industrial Average dropped 242.66 points, its second largest single day decline in four years, because of the subprime mortgage market. The Mortgage Bankers Association reported new foreclosures surged to an all-time high in the last quarter of 2006.
On August 31, 2008, Citigroup completed its acquisition of its wholesale origination-lending unit, Argent Mortgage, and its loan-servicing unit, AMC Mortgage Services, and shut down its retail-lending unit, Ameriquest Mortgage.
Former employees from Ameriquest, which was United States’s leading wholesale lender, described a system in which they were pushed to falsify documents on bad mortgages and then sell them to Wall Street banks eager to make fast profits. There is growing evidence that such mortgage fraud may be at the heart of the Financial crisis of 2007–2010.
Argent Mortgage is now named Citi Bank Residential Lending. Argent Mortgage ceased its operations in 2007 because of numerous violations of law and fraudulent business practices that resulted in a huge number of complaints and several law suits. At the present time Citi Bank Residential Lending, Inc. is a non-conforming wholesale lender. The company now provides a diverse range of lending products, services and expertise.
Uploaded by HouseResourceOrg on Feb 6, 2011
Google The Web:
Subprime Loans
Independant Mortgage Brokers
Argent Mortgage, Cleveland
Wall Street
Duration : 0:4:59
How the Housing Crisis Cycle Unfolded in the Federal Reserve Fourth District: We didnt suffer from the crash of hyper-inflated housing prices, as people did in California, Florida, and other overheated housing markets. We suffered from over-lending.
In a vicious cycle, delinquencies led to defaults, which led to a high number of foreclosures, which led to an oversupply of housing, which led to home prices depreciating, which led mortgage lenders and servicers to suffer big losses that weakened their financial positions.
Duration : 0:3:25