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Duration : 0:6:37
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Technorati Tags: Cities, collapse, crisis, Debt, default, financial, foreclosures, homeless, homes, House, Losing, Meltdown, mortgage, subprime, Tent
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
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Technorati Tags: credit, Debt, economy, estate, financial, foreclosure, House, market, mortgage, real, Realtor, Rent, Sale, subprime
Allie Mortgage Corporation
http://www.yellowpages.ca/bus/Ontario/North-York/Allie-Mortgage-Corporation/5905167.html?AFC-TT2527453564
“We have financial solutions for your future now!”
Duration : 0:0:32
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Technorati Tags: 1st, 2nd, Approvals, bank, consolidation, construction, Debt, Fast, financial, mortgages, Pages¿¿¿¿¿, Refusals, Solutions, Yellow
http://www.yourbestmortgages.co.uk
Internet Business & Franchise. Are you a real estate entrepreneur looking for an internet financial franchise home based business? Venture Capital looking for the perfect investment?
Even if you are not, Your Best Mortgages has created the First Virtual Financial Franchise that outsources and takes cares of your customers. Currently we are looking to expand our operations to other international markets. If franchising is the business opportunity you are looking for, please take a moment to read why we think this will be the best investment decision you will ever make…
The first option is ideal for entrepreneurs who do not have a business location. From their franchised company or home and through the web, all the operations Your Best mortgages negotiates can be undertaken (debts refinancing, personal loans, home exchange, credit reforms, debt cancellation, deferment credit).
The option of Virtual Office is also very attractive for companies which intend to extend the range of services that offer to their customers with a financial department. Consultant offices, Accountants, Cabinets, Realtors, Lawyers, Attorneys, Consultants, Real Estate Agencies, financial brokers… will be able to have their own integrated financing network in its company.
Your Franchisees can enjoy flexibility, profitability and career satisfaction. So what makes this business so attractive? Once you have obtained a master franchise, your franchisees have the option of buying into their own “Virtual Financial Office”, as well as the traditional work place. Both kinds of franchisee, the one who works in the company or at home, and the one who works in the Your Best Mortgages exclusive territory, have access to an exclusive technological platform in the sector, Virtual Office of the Financial Advisor, where the franchising office will receive the operations that the head office generates in the different zones for its exclusive monitoring.
Its positioning on the internet is clearly distinct is one of its many differentiated features, as well as its rapid transmission of resources and the benefits of high profit margins it offers. This franchise’s main goal consists of amortizing the investment in an almost immediate way and increasing profit. This is achieved thanks to the professionalism within the franchise that is shown through the constant attention and total dedication to achieving success.
“We intend to revolutionize the sector. This is your chance to share in our success.”
Jesus Mejias
Duration : 0:4:22
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Technorati Tags: Best, Business, entrepreneurs, financial, franchise, franchises, internet, Investments, investors, mortgages, opportunity, Service
http://www.informedtrades.com/
The 3rd and final lesson in a series on the subprime mortgage US Banking financial crisis explained.
Duration : 0:7:17
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Technorati Tags: Banking, cdo, crisis, financial, housepricecrash, mortgage, stockmarket, sub-prime, subprime
The Bright Side of the Housing Collapse….You can buy a home for as little as $40 (with payments as low as $0.19 per month!!! if financed)
One in five U.S. mortgage borrowers are underwater
NEW YORK (Reuters) One in five U.S. homeowners with mortgages owe more to their lenders than their properties are worth, and the rate will increase as housing values drop in states that have so far avoided the worst of the crisis, a new study shows.
About 8.31 million properties had negative equity at the end of 2008, up 9 percent from 7.63 million at the end of September, according to the study, released Wednesday by First American CoreLogic. The percentage of “underwater” borrowers rose to 20 percent from 18 percent.
Another 2.16 million properties could go underwater if home prices fall another 5 percent, the study shows.
First American said the value of residential properties fell to $19.1 trillion at year-end from $21.5 trillion a year earlier, with half the decline in California. Forty-three U.S. states and Washington, D.C., were included in the study.
While states such as California, Florida and Nevada were particularly stressed, the study showed worrying signs of deterioration in relatively healthy parts of the nation.
“The economic slowdown is broadening,” said Sherrill Shaffer, a banking professor at the University of Wyoming at Laramie and a former Federal Reserve official. “As more people lose jobs, it will be more difficult to sustain the levels of pricing and home ownership, and that is a big factor driving down housing prices in more parts of the country.”
Arizona, California, Florida, Georgia, Michigan, Nevada and Ohio remained the most stressed states, with 62 percent of underwater borrowers and just 41 percent of mortgages.
Other areas, though, also face more stress. Connecticut, for example, saw a 25 percent increase in homes with negative equity, while Washington, D.C., had a 44 percent increase.
“Even I continue to be surprised at the tentacles of this financial and economic debacle,” said Robert MacIntosh, chief economist at Eaton Vance Management in Boston. “More people are being laid off, resulting in reduced income and therefore less consumption. That leaves fewer people with money to buy homes, and the mentality is that people believe they should wait six months rather than buy now. Less demand means falling prices.”
Roughly 68 percent of U.S. adults own their own homes, and about two-thirds of these have mortgages. Many economists expect the nation’s unemployment rate to rise above 9 percent before the recession ends, up from January’s 7.6 percent.
CALIFORNIA, NEVADA UNDER STRESS
California had 1.9 million borrowers with negative equity at year-end, more than any other state, followed by Florida’s 1.28 million. About three in 10 borrowers in both states were underwater.
By other measures, Nevada was the most stressed, with 55 percent of owners having negative equity and borrowers on average owing 97 percent of what their homes are worth. About 28 percent owe more than 125 percent of their homes’ value.
Michigan had 40 percent of its homeowners underwater, while Arizona had 32 percent.
New York fared best, with just 4.7 percent of borrowers with negative equity and an average 48 percent loan-to-value ratio, though this could change as employment and bonuses slide in the financial services industry.
According to the S&P/Case-Shiller Home Price Indices, prices of U.S. single-family homes slumped 18.5 percent in December from a year earlier, the biggest drop in the 21-year history of the data.
Many lenders are taking steps to keep borrowers out of foreclosure. The Obama administration has backed legislation that could broaden powers of bankruptcy judges to modify mortgages for troubled borrowers. Among major lenders, only Citigroup Inc has supported such a plan.
MacIntosh expects housing prices to keep falling until “well into” 2010. “There is no magic bullet or magic arrow here,” he said. “It is a question of trying to come up with ideas and seeing what happens. It could take a long time.”
First American CoreLogic is an affiliate of title insurance and real estate services company First American Corp.
Duration : 0:2:41
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Technorati Tags: bubble, cheap, collapse, crash, crisis, deflation, depression, Detroit, dollar, doom, DOW, financial, george4title, gloom, Great, home, homeless, House, housing, hungry, hyperinflation, inflation, jones, market, Michigan, nwo, Peter, recession, schiff, stock
Mortgage Foreclosure Rescue Scams – Documentary Video
We Stop Foreclosure Rescue Scams (2008) by Kyra Olds
This is a documentary about mortgage foreclosure rescue scams that are occurring across the country in light of the growing foreclosures. The movie describes common scam tactics and how distressed homeowners fall for these scams. The movie concludes with what lawyers can do to challenge these scams in court and the Washington State Legislature’s response to try to to stop these scams by passing House Bill 2791 and Senate Bill 6381. It is intended to educate advocates so they can better assist homeowners facing foreclosure.
Director: Kyra Olds
Producer: Northwest Justice Project
Sponsor: Eric Dunn
Keywords: foreclosure rescue scam; washington; mortgage; foreclosure; 2791; northwest justice project; njp
Contact Information: Northwest Justice Project 401 2nd Ave S Seattle, WA 98104 www.nwjustice.org
Creative Commons license: Attribution-Noncommercial-Share Alike 3.0 United States
Credits:
We Stop Foreclosure Rescue Scams
by Northwest Justice Project;
Featuring:
Eva, Client of NJP; Eric Dunn, Attorney at NJP; Melissa Huelsman, Private; Attorney in Seattle; Judy Poston, Housing Counselor at Solid Ground; Julia Kellison, Attorney at NJPl; Fred Corbit, Attorney at NJP
Produced by: Kyra Olds, Intern at NJP
Foreclosures are increasing nationwide, and so are scams that promise to rescue homeowners from foreclosure. What these scams do is take your money, ruin your credit record, and wipe out any equity you have in your home. Foreclosure con artists take advantage of people who have fallen behind on their mortgages and face foreclosure. Con artists know that people in these situations are vulnerable and likely to be desperate. Potential victims are easy to find: mortgage lenders publish notices before foreclosing on homes. After reading such notices, con artists approach their targets in person, by mail, over the telephone, or by e-mail. They advertise their services on Web sites or publications. They often refer to themselves with titles that sound official, such as foreclosure consultant or mortgage consultant, and market themselves as a foreclosure service or foreclosure rescue agency. Your mortgage lender or any legitimate financial counselor can help you find real options to avoid foreclosure. If someone offers to negotiate with your lender and offers to arrange to stop or delay foreclosure for a fee, carefully check his or her credentials, reputation, and experience. To protect yourself, follow the recommendations contained in this Consumer Advisory.
Duration : 1:34:41
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Technorati Tags: artist, artists, Banking, Bankruptcy, banks, con, confidence, counselor, credit, crime, criminal, crisis, crooked, crunch, Debt, equity, estate, fake, fakes, family, finances, financial, financing, foreclosure, foreclosures, Fraud, home, Homeowner, homeowners, homes, houses, housing, Lease-Back, lender, lenders, Living, loan, Loans, mortgage, mortgages, option, Options, owners, Ownership, Payment, payments, problems, real, refinancing, Repurchase, rescue, Scam, scams, schemes, servicers, States, Street, united, US, USA, Wall, washington
A little due diligence on the UFirst Financial company. A good report and some very useful information to use in the future.
Duration : 0:9:37
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Technorati Tags: financial, first, u-first, U1st, ufirst, united
http://SonOfABroker.com – Monday Mortgage Minute for May 3rd Toronto mortgage interest rates. Christopher Molder, an active Toronto Mortgage Broker, explains whats new this week in mortgage rates and trends.
Duration : 0:1:45
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Technorati Tags: broker, canada, Christopher, estate, finance, financial, fixed, government, Mold, mortgages, rate, real, Toronto, variable
Duration : 0:5:58
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Technorati Tags: alex, bubble, Celente, collapse, credit, crisis, default, deflation, financial, Gerald, housing, hyper, inflation, jones, recovery
