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Home Loans And Mortgages

admin — Sat, 23 Jan 2010 23:12:59 +0000

Looking for great info on your home loan, getting a mortgage, or refinancing existing loans?

There is some great video and article information on loans and mortgages here:

How To Smash Your Mortgage:

DIY Loan Modification System:

Mortgage Medicine:

Low Mortgage Rates:

Technorati Tags: home loans, home mortgages, Loans, low mortgage rates, mortgage info, mortgages, mortgages rates

Mortgage Crisis Blame: Bush Tried, Dodd and Barney Frank Blocked. “Bushs Brain” Speaks

admin — Sat, 24 Jul 2010 19:40:30 +0000

“Fanny and Freddie in particular accelerated their imprudent behavior after they, we attempted to regulate them.” That comment by Karl Rove is the key to the crisis that caused all of our economic troubles that we face today. Without Fanny Mae and Freddie Mac buying up all of those risky mortgages, they would never have been made. The Banks would not have risked their own financial futures covering risky loans like the ones they were enticed to make.

The question is why did Fanny and Freddie accelerate their loan buying? Could it be that they wanted to line their pockets with money at the risk of the tax payer? Fanny and Freddie were, are, government backed entities that did not, do not, take on any risk. Therefore there is no real accountability; they do as they please at the taxpayers expense.

So you see this entire mess was caused by the government, not our capitalist economy. And now the government is back at it with this so called stimulus package. Have they not done enough harm to our Economy? Do they want to destroy our economy to the extent that every man, woman, and child has to come begging to our government for a handout; is that their goal?
jbranstetter04

Guess again who’s to blame for U.S. mortgage meltdown
Analysts point not to greed, but to social activist politics

While many pundits are pointing to corporate greed and a lack of government regulation as the cause for the American mortgage
and financial crisis, some analysts are saying it wasn’t too little government intervention that cased the mortgage meltdown, but too much, in the form of activists compelling the government to pressure Freddie Mac and Fannie Mae into unsound though politically correct lending practices.
“Home mortgages
have been a political piñata for many decades,” writes Stan J. Liebowitz, economics professor at the University of Texas at Dallas, in a chapter of his forthcoming book, Housing America: Building out of a Crisis.
Liebowitz puts forward an explanation that he admits is “not consistent with the nasty-subprime-lender hypothesis currently considered to be the cause of the mortgage meltdown.”
In a nutshell, Liebowitz contends that the federal government over the last 20 years pushed the mortgage industry so hard to get minority homeownership up, that it undermined the country’s financial foundation to achieve its goal.
“In an attempt to increase homeownership, particularly by minorities and the less affluent, an attack on underwriting standards was undertaken by virtually every branch of the government since the early 1990s,” Liebowitz writes. “The decline in mortgage underwriting standards was universally praised as ‘innovation’ in mortgage lending by regulators, academic specialists, (government-sponsored enterprises) and housing activists.”
He continues, “Although a seemingly noble goal, the tool chosen to achieve this goal was one that endangered the entire mortgage enterprise.”
“As homeownership rates increased there was self-congratulation all around,” Liebowitz writes. “The community of regulators, academic specialists, and housing activists all reveled in the increase in homeownership.”
An article in the Los Angeles Times from the late ’90s praised the sudden surge in homeownership among minorities, calling it “one of the hidden success stories of the Clinton era.”
John Lott, a senior research scientist at the University of Maryland, however, claimed in a Fox News article yesterday that the success came at a great price.
According to Lott, the Federal Reserve Bank of Boston produced a manual in the early ’90s that warned mortgage lenders to no longer deny urban and lower-income minority applicants on such “outdated” criteria as credit history, down payment or employment income.
Furthermore, claims Lott, Fannie Mae and Freddie Mac encouraged and praised lenders like Countrywide and Bear Stearns for adopting the slackened policies toward minority applicants.
“Given these lending practices mandated by the Fed and encouraged by Fannie Mae and Freddie Mac,” writes Lott, “the resulting financial problems for financial institutions such as Countrywide and Bear Stearns are not too surprising.”
http://www.worldnetdaily.com/index.php?fa=PAGE.view&pageId=75717

Duration : 0:2:36

Technorati Tags: and, barney, blame, Blocked, Brain, bush, Bushs, cause, Chris, crisis, depression, Dodd, economic, facts, frank, Meltdown, mortgage, recession, responsibility, Speaks, Tried

Mortgage payment calculations formula

admin — Thu, 22 Jul 2010 02:30:18 +0000

Mortgage payment calculations formula

Duration : 0:7:30

Technorati Tags: calculations, formula, mortgage, Payment

Mortgages : How to Move Out of Your Parents’ House Cheaply by Getting a Mortgage

admin — Mon, 19 Jul 2010 05:00:55 +0000

As far as mortgages go, the government loans are most likely the cheapest ways to move out of your parents’ house. Ask mortgage brokers about federal housing loans (FHA) loans with tips from a licensed mortgage broker in this free video on personal finance and real estate.

Expert: Adriel Torres
Contact: ultimatecredittoday.com
Bio: Adriel Torres has been in the mortgage business for over a decade. He has owned two mortgage companies and is a licensed mortgage broker.
Filmmaker: Christopher Rokosz

Duration : 0:1:16

Technorati Tags: bank loans, brokers, home mortgages, interest, loan officers, Loans, mortgage calculations, mortgage rates, mortgages, real estate

Private Mortgage Insurance (PMI)

admin — Fri, 16 Jul 2010 08:21:35 +0000

With private mortgage insurance (PrivateMI), home buyers have the same fixed payments each month. PrivateMI is affordable, predictable, and cancelable. For borrowers who don’t have a 20% down payment, PrivateMI helps them get into their home faster, with less risk than other financing options. And it’s only there for as long as the home buyer needs it, since PrivateMI can usually be canceled once 20% equity is achieved.

PrivateMI — Today’s smart choice.
Learn more at www.privatemi.com.

Duration : 0:6:1

Technorati Tags: `Risky', Affordable, buyers, cancelable, Down, financing, home, Insurance, less, Loans, mortgages, Payment, PMI, predictable

What Low Mortgage Rates and Payment Calculators don’t tell you. Mortgage Myths Revealed…

admin — Tue, 13 Jul 2010 13:46:23 +0000

http://www.banksmartnow.com
askvictorb@gmail.com
Skype vbeatteay
800.792.3155 ext. 3789

Mortgage calculators and low Mortgage/Refinance Rates don’t tell the whole story. Are Rate and Payment your biggest considerations when looking at a mortgage? They should be a consideration, but a strategy is far more important. Discover the strategies and secrets that the banks would rather you didn’t know.

Duration : 0:10:11

Technorati Tags: bi weekly mortgage, Loan Programs, mortgage calculator, mortgage interest rates, Payment Calculator, Refinance

Foreclosures, Subprime Mortgages & America’s New Tent Cities

admin — Sat, 10 Jul 2010 10:52:40 +0000

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Duration : 0:6:37

Technorati Tags: Cities, collapse, crisis, Debt, default, financial, foreclosures, homeless, homes, House, Losing, Meltdown, mortgage, subprime, Tent

Mr Mortgage Exposes Wells Fargo’s Toxic Waste 4/7/08

admin — Wed, 07 Jul 2010 13:45:25 +0000

Visit my new blog…
http://mrmortgage.ml-implode.com

Wells Fargo Subprime toxic waste exposed. Do they have to raise capital? Mr Mortgage shows a 2006 Wells rate sheet. This is hard evidence of Wells doing nasty subprime loans for borrowers with scores as low as 500 and 120-day mortgage late payments, which is essentially foreclosure status. They did not sell this directly to consumers, rather used correspondents like New Century, Accredited, Countrywide etc to rebrand the programs and sell them as their own. This is a very common practice but this just proves Wells is dirtier than most. First, because not everyone did subprime. Second, because they lied of course.

Duration : 0:7:48

Technorati Tags: Alt, banks, bear, bubble, bust, crisis, estate, foreclosure, home, housing, Lehman, mortgage, Mr, real, recession, Stearns, subprime

Real Estate Woes: Subprime Mortgages Are a Ticking Timebomb

admin — Mon, 05 Jul 2010 00:04:20 +0000

Center for American Progress Senior Fellow Dr Christian Weller appeared on CNBC to discuss subprime mortgages and how consumers can protect themselves.

For more on subprime mortgages and foreclosure rates please see:
http://www.americanprogress.org/issues/2007/03/foreclosures_numbers.html

What if 40 hours a week were enough?
www.AMERICANPROGRESS.org

Duration : 0:4:20

Technorati Tags: credit, Debt, economy, estate, financial, foreclosure, House, market, mortgage, real, Realtor, Rent, Sale, subprime

Falling Mortgage Rates

admin — Fri, 02 Jul 2010 01:51:30 +0000

Potential buyers got some extra motivation on Tuesday when mortgage interest rates dropped another half percent. Priya David reports.

Duration : 0:1:53

Technorati Tags: buyers, david, foreclosure, homeowners, mortgage, priya