Recent Event Highlights: Bank of America's mortgage firm slapped with fine - AFP, Low mortgage rates means good news for home buyers - KING5.com, Did the US Have Negative "Real" Job Creation? - Daily Reckoning - American Edition (blog), Bear Options at Record as Wien Says Stocks to Rally - BusinessWeek, China Raises Property Loans Curbs - 123Jump.com, Clyne could well smile on TierOne buy - Sydney Morning Herald, and 102 more...
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Last updated: 12/29/10 at 12:26 AM
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MiamiHerald.comBank of America's mortgage firm slapped with fineAFPA home-mortgage meltdown sparked one of the worst US financial crises, plunging the country into recession in December 2007. According to the complaint ...Bank of America's Countrywide to Pay $108 MillionBusinessWeekBank of America to pay $108 MIllion Dollars in SettlementKTNV Las VegasCountrywide to Refund Mortgage Borrowers $108m in Fees, Says FTCHousing WirePhoenix Business Journal -PR Newswire (press release)all 293 news articles »
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MonitorBankRates.comLow mortgage rates means good news for home buyersKING5.comInvestors are avoiding bonds in Europe and instead buying US mortgage backed bonds. That, in turn, allows banks to lower the interest rates. ...Mortgage modification jitters? Seek helpBankrate.comMortgage Rates Head Lower on Poor Job Numbers and Fears in Europe: 30 Year ...MonitorBankRates.comMortgage rates remain near record lowsCanton RepositoryTMCnet -Housing Watchall 54 news articles »
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Did the US Have Negative "Real" Job Creation?Daily Reckoning - American Edition (blog)The “flight to safety” here in the US is in full swing… I heard a mortgage guy on the radio this morning saying that he had “fixed rates” at 4%. ...and more »
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Bear Options at Record as Wien Says Stocks to RallyBusinessWeekTraders are buying options on Bank of America amid the 1.9 percent rally in its stock this year. The second-biggest US home lender behind San ...and more »
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CNBCChina Raises Property Loans Curbs123Jump.comIn its effort to further curb the housing bubble, the Chinese government said today that it will apply tighter second-home mortgage policies to those loan ...China Shares End Down On Concerns Over Liquidity, Property MarketWall Street JournalChina shares hit 13-month low on economic concernsEconomic Timesall 199 news articles »
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BigPond NewsClyne could well smile on TierOne buySydney Morning HeraldUnder Don Argus in the mid-1990s, NAB made two forays into the US through Michigan National Bank and the HomeSide mortgage platform. ...NAB expands US footprintyourMortgage.com.auall 447 news articles »
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Compare 8 home improvement financing choicesFOXBusinessHome equity loans typically offer fixed rates for fixed terms that run from 10 to 15 years, with rates "about a point above a regular mortgage," says ...and more »
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Memphis FlyerBanking reform takes shape in CongressLake ExpoNo bank based in St. Louis would be considered too big to fail, but several such banks operate here, including Bank of America, US Bank and PNC Bank. ...Bank Reform Bait and SwitchCenter for Media and Democracy (blog)all 351 news articles »
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Bitter taste of fearAsia Times OnlineTotal dollar corporate bond issuance dropped to about US$5.2 billion (according to Bloomberg), including $2.0 billion sold by Bank of Montreal. ...and more »
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Mortgage Rates & Trends (blog)Home Mortgage and Mortgage Rates InfoGather.comThe decrease in mortgage rates also boost domestic sales after the end of the homeownership tax credit for the federal end of April. US new home sales rose ...Gretchen Morgenson: Banks Bilking Taxpayers By Refusing To Buy Back Toxic ...Huffington Post (blog)Must Read Posts for June 6, 2010Economic Populist (blog)Condo owner has to pay for gap in coverageOCRegister (blog)all 13 news articles »
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Weekly interest rates for FHA, Conventional 20% down, Investment loans and Adjustable rate mortgages. First time home buyer tax credit extended to military serving 90+ days overseas. USDA is officially out of money. Freddie Mac just requested another $10.6 BILLION for a total of over $50 BILLION. Do these guys have a blank check? Yes they do!
www.premieres.com goldring.wetpaint.com rysa5's webcam video March 22, 2010, 10:26 AM - webcam video rysa5 Gold Ring News ID Card Health Care Bill Obama Bank Mortgage imigration laws mark of the beast right hand national industry automobile studen loan internet NSA CIA HR3200 Americas affordable healcare choices act of 2009 us congress control communist empire law godless world russia buy sell forehead bible chistian revelations ancient - Once you have felt the rage, the hate, the obsession to find out the truth of this conspiracy to cause agony for profit and selfish purposes you cannot handle it seeing the wounds, the suffering and agony caused by these patrons of death and destruction for profit. You dissociate with reality and become a paranoid schizophrenic. It is here you appear crazy to your peers, where your paranoia takes on seemingly radical, irrational, bizarre, senseless beliefs, and those who used to find you agreeable and nice now find you a dangerous lunatic with perhaps even psychotic tendencies, and that is not all. You begin to believe the half-baked conspiracy theories about the Illuminati, secret government organizations, and reading other crazy things written by equally crazy people about the Lincoln and Kennedy assassinations, Oklahoma City, Iran Contra, WACO, Pearl Harbor, 911, Iraq, UFO's, HAARP, chemtrails, Crop Circles, Area 51, astral planes, mediums, psychics, Atlantis, other dimensions filled with beings who participate in our reality. At this ...
stopforeclosurefraud.com I thought I have seen it All but ...BOGUS Assignments of Mortgage?? Judges are signing these off!!! SOURCE: 4closurefraud.org Here I will show you how MY personal Mortgage Foreclosure FRAUD happened. Pay close attention and learn before it is too late. Here are the subjects and principles. Hi Erica Johnson-SECK (SICK) I read in your Deposition how you google your name ...Just add this one for reference. Law Offices Of David J. Stern PA in Plantation Florida Roger Stotts Dennis Kirkpatrick These people are ALL over the US pulling this crap Do searches on them and all and see what you can find out to save your home. Learn from this study it and maybe WE ON OUR OWN without the GOVERNMENT can make a difference. Thank you for allowing us to loose our wealth, rights, and justice for all. If you need help PLEASE GO TO: www.foreclosurehamlet.org livinglies.wordpress.com 4closurefraud.org These are some excellent resources. YOU ARE NOT ALONE. IT IS NOT YOUR FAULT OUR GOVERNMENT FAILED US. We have just scratched the surface. Wait to see what is at the CORE.
stopforeclosurefraud.com I am not a pro at editing!! Song by Kosheen- "I'll hide you" LISTEN TO THE LYRICS! WATCH THE STORY. Here I will show you how MY personal Mortgage Foreclosure FRAUD happened. Pay close attention and learn before it is too late. Here are the subjects and principles. Hi Erica Johnson-SECK (SICK) I read in your Deposition how you google your name ...Just add this one for reference. Law Offices Of David J. Stern PA in Plantation Florida Roger Stotts Dennis Kirkpatrick These people are ALL over the US pulling this crap Do searches on them and all and see what you can find out to save your home. Learn from this study it and maybe WE ON OUR OWN without the GOVERNMENT can make a difference. Thank you for allowing us to loose our wealth, rights, and justice for all. If you need help PLEASE GO TO: www.foreclosurehamlet.org livinglies.wordpress.com 4closurefraud.org These are some excellent resources. YOU ARE NOT ALONE. IT IS NOT YOUR FAULT OUR GOVERNMENT FAILED US. We have just scratched the surface. Wait to see what is at the CORE. Uncover Violations: Get an Audit fmi-audit.com
stopforeclosurefraud.com lawyerthatgetsit.com Uncover Violations Get an Audit fmi-audit.com Here I will show you how MY personal Mortgage Foreclosure FRAUD happened. Pay close attention and learn before it is too late. Here are the subjects and principles. Hi Erica Johnson-SECK (SICK) I read in your Deposition how you google your name ...Just add this one for reference. Law Offices Of David J. Stern PA in Plantation Florida Roger Stotts Dennis Kirkpatrick These people are ALL over the US pulling this crap Do searches on them and all and see what you can find out to save your home. Judge Dale Ross in broward gave my home to IndyMac Bank (Property Managers) and when I tried to speak he rolled his eyes and said "What Difference Does it make"?????? He pre-judged me and this is not his job... The difference is the courts are aiding & abetting FRAUD. Yes Google his name and we will see how his peers enjoy him. I did NOT have a fair trial. I was raped from my RIGHTS as a citizen. Learn from this study it and maybe WE ON OUR OWN without the GOVERNMENT can make a difference. Thank you for allowing us to loose our wealth, rights, and justice for all. Here are some excellent resources. YOU ARE NOT ALONE. IT IS NOT YOUR FAULT OUR GOVERNMENT FAILED US. We have just scratched the surface. Wait to see what is at the CORE.
stopforeclosurefraud.com lawyerthatgetsit.com MersCorp was formed in the early 1990s by the former CEOs of Fannie Mae, Freddie Mac, Indy Mac, Countrywide, Stewart Title Insurance and the American Land Title Association. Smell anything funny??? Here I will show you how MY personal Mortgage Foreclosure FRAUD happened. Pay close attention and learn before it is too late. Here are the subjects and principles. Hi Erica Johnson-SECK (SICK) I read in your Deposition how you google your name ...Just add this one for reference. Law Offices Of David J. Stern PA in Plantation Florida http Stotts Dennis Kirkpatrick Don't forget INDYMAC was shut DOWN /CLosed Kaput 3/19/2009....How did they get these signed on their behalf? These people are ALL over the US pulling this crap Do searches on them and all and see what you can find out to save your home. Judge Dale Ross in Broward County gave my home to IndyMac Bank (Property Managers) and when I tried to speak he rolled his eyes and said "What Difference Does it make"?????? He pre-judged me and this is not his job... The "difference" "is" the courts are aiding & abetting FRAUD. Yes Google his name and we will see how his peers enjoy him. I did NOT have a fair trial. I was raped from my RIGHTS as a citizen. www.browardpalmbeach.com Learn from this study it and maybe WE ON OUR OWN without the GOVERNMENT can make a difference. Thank you for allowing us to loose our wealth, rights, and justice for all. Uncover Violations: Get an Audit fmi ...
OCOEE, Fla. -- Attorneys told Eyewitness News the same banks that took government bailout money are now turning their backs on families. The families have been fighting to get their loans modified so they don't go into foreclosure, but they say the banks have stopped working with them. It is happening to hundreds of thousands of people across the country and a local family is just one of them. They moved to Central Florida because they loved the neighborhood, the house and the schools. Now they're scared this will be their last Christmas spent in their home. Daniel and Denise Grebey moved into their Ocoee home in 2006 with their two children. "It wasn't an investment home, this was our house that we didn't plan on leaving," Daniel Grebey said. But Daniels hours were cut at work, Denise lost her take-home car and their mortgage jumped $500. The couple called their lender and qualified for the Home Affordable Modification Program (HAMP). They say they met several criteria and thought they'd get their mortgage modified and reduced, but that never happened. "'Your modification is going to be done. Our management is going to contact you,'" Daniel said. He says no one ever called back and now the Nationstar Mortgage is foreclosing on their home. "This particular lender thinks they have an option of backing out. They're not right," attorney Matt Englett said. Englett has 25 clients right now that qualified for HAMP, completed the trial process and never got a modification. He ...
Here is a phone conversation I had today, October 6, 2009, with US Bank representative, Leann (California), regarding the foreclosure and auction, on October 21, 2009, of my home of 14 years in Colorado. I begged US Bank to work with me, and offered to pay them $5000.00 today and $2000.00 for the next 6 months, so that I may bring my default current, but Leann wanted $13000.00 today. I did not initially advise Leann of the recording because the content of this call is not confidential; my foreclosure is public record.
Discusses the implications of a landmark decision -- Landmark National Bank v. Kesler - on 8/28/09 by the Supreme Court of Kansas holding that Mortgage Electronic Registration Systems, Inc. (otherwise known as "MERS") has no standing to commence a foreclosure action as to a home mortgage registered with it, and that when MERS transfers title to the mortgage the assignee may not get good title to the mortgage, which means that the assignee also may not have standing to foreclose. This is truly a landmark case that is going to be featured in more than half of the defended foreclosures in the US and is a basis for obtaining remedies for wrongful foreclosure by homeowners who have already lost their homes to unopposed judicial or non-judicial foreclosures. This decision is so important that it overwhelms anything the Obama administration or Congress may try to do for mortgage-oppressed homeowners. CEPersVid-35
I've been out of work since August 2008, and it's hard finding work as a 59-year-old MBA. I've only have until October 21, 2009 until my home goes on the auction block, and have tried everything possible with US Bank to save it. A large part of the frustration is that US Bank, like many other corporations, is so large, their tentacles get tangled, and no one department knows what the other is doing.
William K. Black, the former litigation director of the Federal Home Loan Bank Board who investigated the Savings and Loan disaster of the 1980s, discusses the latest scandal in which a single bank, IndyMac, lost more money than was lost during the entire Savings and Loan crisis. He will examine the political failure behind this economic disaster, in which not only massive fraud has taken place, but a vast transfer of wealth from the poor and middle class continues as the federal government bails out the seemingly reckless, if not the criminal. Black teaches economics and law at the University of Missouri, Kansas City and is the author of The Best Way to Rob a Bank Is to Own One.
Amidst the Real Estate & Mortgage Meltdown; Foreclosure Fraud & Scams; Real Estates Future is Great. First Time Home Buyers, FHA Loans & Seller Paid Closing Costs. Go To RealEstateMarketingThisWeek.com Part 1 (Excerpt) Forget the doom and gloom, First Time Home Buyers can buy with FHA Thanks to my very great friend Brett Fallon for taking the time to be here in studio today. Brett is one of America's finest financial advisors. And of course the infamous Dan Havey. Now we all love Dan Havey because he was instrumental in getting me into the mortgage industry about 14 years ago. Most importantly, Dan was instrumental in helping us put together the loan modification hotline and he is the author of Real Estates Future. So today we have a few things we want discussed in regard to the economy, what's happened, were wrapping up the year. You may have heard about this in the media, of course the media's job is to scare you. Well our job is to tell you the truth. So Brett you have some data and some information that you wanted to share Some of the things you hear in the media, you cant escape, its pretty much doom and gloom, sky is falling, this is the next Great Depression. It's over for all of us and we should all just pack up and go. That kind of stuff is pervasive out there and creates fear and a lot of anxiety amongst people who are either investors, people who are looking to buy a house, looking to refinance a mortgage. People dont realize there are certain tools that exist ...
Home Loan Modifications Negotiated by Licensed Attorneys. Real Estate & Mortgage Laws and Guidelines are Complex. Beware of the Banks Loss Mitigation Department. Go To RealEstateMarketingThisWeek.com Part 5 (Excerpt) New Fannie Mae Streamline Loan Modifications may do more harm than good We do realize that there are situations that people are in that they want to be out of and we want to move past. We have back in the studio, the author of Real Estates Future also the author of The Foreclosure Sharks white paper, a fantastic manual that he has put together that you can get for free. Dan Havey thank you very much for coming back. You can get a copy of the white paper The Foreclosure Sharks at http So Dan I know that you have brought the just recently released new Fannie Mae, Freddie Mac guidelines, with their streamlined modification process. This is the kind of thing where the consumer can go and do-it themselves, right? Yes, except that we would certainly advise against that. These are the guidelines that Fannie Mae came out with; they are effective as of a couple weeks ago now. But with Christmas and the holidays I dont think a whole lot of people have figured out what this is all about yet. So as we said in the last segment the guidelines that they have come out with here, and what I have is a print out but I dont know that this is the whole thing because I have heard some commentary on this that actually says that it is much worse then I am about to relay to everyone ...
Home Loan Modifications Negotiated by Licensed Attorneys. Real Estate & Mortgage Laws and Guidelines are Complex. Beware of the Banks Loss Mitigation Department. Go To RealEstateMarketingThisWeek.com Part 4 (Excerpt) The pitfalls for trusting your bank one more time; Beware The Foreclosure Sharks This whole loan modification thing reminds me a lot of the old Peanuts comics where every fall Lucy would get out with the football and she would set it down on the ground, and she would coerce Charlie Brown into coming along and kicking the football. Well of course as we all know Charlie never got to kick the ball, Lucy always pulled it out from underneath him and I kind of look at the mortgage industry, the servicing end of it in particular that way. You have to think about it, in many cases the loan that you were put into was not a good loan in the first place. The person who gave you that loan knew it was not a good loan, the Wall Street banks that came up with these crazy ideas should have known better. Now admittedly they didnt otherwise they would not be out of business today, but they should have known that these were not good products. Yet when you are faced with an issue regarding your house so many people go back to the bank, like Charlie Brown going back to Lucy and believing that THIS time Lucy is not going to pull the ball away. Well what is going to keep the bank from not pulling the ball away from you this time? Absolutely nothing. I love that analogy; everyone ...
Home Loan Modifications Negotiated by Licensed Attorneys. Real Estate & Mortgage Laws and Guidelines are Complex. Beware of the Banks Loss Mitigation Department. Go To RealEstateMarketingThisWeek.com Part 3 (Excerpt) Re-Default rates on Forbearance Agreements done with banks reaches 58% In studio with us today on this fine New years eve is Dan Havey, the co founder of the modification hotline as well as the author of The Foreclosure Sharks a great white paper he put together. He is also the author of Real Estates Future and this segment we are talking about loan modifications and some specific information. You also have a great story to tell about this to. Well unfortunately I have too many stories about people who have had to go through foreclosures, bankruptcies, loan modifications. The one story I want to talk about real quick is a friend of mine who unbeknownst to me went out and did a loan modification on her own and not to get into a whole bunch of technical details on it she ended up getting a pretty decent interest rate because they actually cut her mortgage payment in half and she was pretty happy about that. She owed a little bit more than the house was worth, she wasnt terribly upside down, but by the time they got done with her she certainly was going to be because the modification, and actually I should not call it a modification, I should call it a forbearance agreement, what they did to her was to say, OK we will cut your interest rate in half, we will cut ...
Home Loan Modifications Negotiated by Licensed Attorneys. Real Estate & Mortgage Laws and Guidelines are Complex. Beware of the Banks Loss Mitigation Department. Go To RealEstateMarketingThisWeek.com Part 1 (Excerpt) Why you should use a licensed attorney to negotiate your loan modification Dan Havey thanks for taking the time to be with us tonight. Thank you Michael for having me and you are absolutely right 2008 for many people was a very tough year. Tough year for pretty much everybody that I know, how many banks have we lost in 2008? Hopefully the bleeding is gone; hopefully there arent too many more banks to fail. Quite a few banks have picked up some of the slack, but the reality of it is so many people have been faced with such hardships, we have solutions that we are maybe going to talk about today that they can look forward to, to make 2009 a great year. Definitely that is what we are doing here with your organization at Velocity Financial and with the Modification Hotline and with many of the other things I am working on right now to help people out. When I first got into this business it was back in the late 80s, I moved here from Wisconsin after getting a degree in finance and I started selling repos for Fannie Mae, Countrywide, and the RTC. The Resolution Trust Corporation was responsible for getting rid of all the real estate owned by the over 1800 S&Ls that failed. So I cut my teeth selling those reposed properties and got to know a lot about the laws and ...
$8000 Tax Credit for First Time Home Buyers with Low Down Payment. Lender Finance Program with Low Payment and Fixed Interest Rate on FHA Mortgage and Government Assistance. Go To RealEstateMarketingThisWeek.com Part 8 (Excerpt) Analyzing tax returns for self employed and small business owners; Use a Mortgage Planning Expert Credit scores now are a major factor with interest rates. You see the liars up on the internet with interest rates being at 4.625% and all this kind of hocus pocus, its not true. You are never going to qualify for that rate today. They are going to lie to you, once you sign and see the fine print you are going to realize that it is a ridiculous idea to pay that amount of money in fees. Credit scores have to be significantly higher than they used to, but again I have to tell you, its my opinions that a 70% no doc loan with someone who has a 720 or higher credit score I believe is a good loan. I personally believe that at some point it will be brought back. I am not arguing with that, with a good FICO score I can agree with a 20% down for a stated income loan. People are encouraged through our tax system to write off all of their expenses and so often we have small business people who really are making money but because they take advantage of our tax system they are not able to get a loan. They cant qualify based upon their income. In a lot of cases yes, but once again I definitely want to point his out just because someone is self employed and owns a ...
Tax Credit for First Time Home Buyer Program, with Low Down Payment and Interest Rates thru Government Loan Assistance and FHA Mortgage. Buy Cheap Bank Foreclosures. Go To RealEstateMarketingThisWeek.com Part 7 (Excerpt) FHA Guidelines regarding foreclosures and first time home buyers; incredible home buying value Ok I was just checking because I thought this was a story about all the mortgage backed securities that were going under. It started at the top and it worked its way down. The reality of it is that people were buying homes, not reading what they were signing, not understanding how it worked and shame on the people who were putting it in front of them, knowing that they didnt know and we all need to take a little responsibility here for this past crisis. It is not just the Wall Street firms; its not just the mortgage companies and banks, the brokers have little in fact to do with it, we didnt create the loan products that people were buying, we were merely disseminating it to the public. I am glad to say I was not a part of any of that. I was able to stay away and do traditional, conventional type financing for people. So luckily I didnt have a lot of clients who got stuck into that nightmare. Speaking of that nightmare, Dan when we talk about the people who have had foreclosures, their lives have been turned around, turned over and they think that there is no where for them to go. One of the nice things about the Federal Housing Administration loan, the FHA loan ...
Tax Credit for First Time Home Buyer and FHA Mortgage to Purchase Bank Foreclosures at Discount Prices. Down Payment Assistance for Home Owners thru Federal Program. Go To RealEstateMarketingThisWeek.com Part 6 (Excerpt) Foreclosures may be the best purchase option for first time home owners; Interest rates at all time lows In the last couple of months, 40% of all the total sales in Maricopa County were foreclosures. 40% of the total market was foreclosures and thats not including short sales, and so normally someone is doing a short sale because their bank is not willing to work with them to do the loan modification. So we could be taking 50% maybe 60% of the supply off the market and as soon as we do that we are going to start to see the bottom of this market. So right now again I think it is a fantastic time to get out there, with government intervention, its a great time to get out there and buy a house. Most people who are out there looking at homes today they have already met with a realtor or they have met with their mortgage planner or both and they are ready to get out there and go. One of the things that is still happening out there is it is still a hot buyers market. The buyer can still go buy a home that fits their needs, their families needs, that they can grow with and the seller in most cases is willing to pretty much do whatever they can as long as they get somewhere close to what they need to yield on the property. They are willing to pay all of your ...
Tax Credit for First Time Home Buyer Mortgage and Government Assistance Program to Help Home Owners Finance a Real Estate Loan with Low Down Payment and Interest Rate. Go To RealEstateMarketingThisWeek.com Part 5 (Excerpt) Inventory of foreclosed homes may be declining soon Home sales double in last year So we are back in studio today with Dan Havey. Dan and I have known each other for many years and we have worked very close over the years in real estate. Dan and I are not necessarily 100% in agreement with where the market is today and whether we are at the bottom or not. I tend to believe that we are. Let me tell you my thinking on this. Dan uses actual facts and figures to make his prognostications. Heres what I know, I know that Fannie Mae and Freddie Mac have put a moratorium on foreclosures. What that means is that they are slowing the supply of repos. What that means is that they are putting fewer homes on the market, which means the supply has been reduced to a 9 month supply of resale homes on the market. The builders are gearing up, getting ready to start building again, but they are not building again just yet. Thats a great indicator. Interest rates couldnt be better. They havent been better than they are now, so not only can you buy a house at the same price you would have paid for that house in 2002, but you are going to get a significantly lower interest rate then it would have been then. Effectively a house today is going to cost you less than it would in ...
First Time Home Buyer Tax Credit Assistance and Federal Government Home Loan Program with Low Down Payment on FHA Mortgages. Buy Bank Foreclosed Homes at a Discount. Go To RealEstateMarketingThisWeek.com Part 2 (Excerpt) The median income family can afford twice the median priced home; prices drop over 50% And now I mentioned Dan Havey is back in the studio with us, Dan has done a lot of great things in the mortgage industry. He left us about a year and a half ago, is that right Dan? Yes, I left the mortgage industry in October of 2007. Tell us a little bit more about yourself. As you know I came originally from Wisconsin, where I got a degree in Business Finance and I came out here in 1989 and started working with my brother selling real estate owned-REO, bank owned properties for Fannie Mae, Countrywide, and the Resolution Trust Corporation-RTC which was the government entity that was put in charge of disposing of all the real estate owned by the 1800 S&Ls that had failed. I did that until about 1995 when I moved into the mortgage industry and there for 12 years I worked predominately with bankruptcy attorneys helping their clients get out of bankruptcy and foreclosure. I left the mortgage industry in October of 2007. Now I am working predominately in the arena of marketing for real estate and mortgage companies, helping out companies, just like Im here helping out Michael today, to get people to realize that right now actually is a really good time to buy. There are a ...
First Time Home Buyer Tax Credit of $8000 thru Federal Loan Program and FHA Mortgage with Low Interest Rates and Fees. Low Down Payment to Purchase Bank Foreclosures. Go To RealEstateMarketingThisWeek.com Part 1 (Excerpt) Interest rates hit bottom, first time home buyers should buy before the prices go back up We have a special guest back in the studio today. Dan Havey has been a great promoter for Velocity Financial . Dan and I have been working together for about 14 years now. Dan has brought with him some really, really interesting facts and figures for people who are wondering whats happening, wondering if we are at the bottom of the market, wondering how much further we are going to have to go. We are going to talk about lots of different things like that. Hes got some really good information, in my opinion some good stuff, some good solid data to make some good decisions about whether or not you should or should not buy right now. So, Today was the official day that President Obamas Plan was rolled out. It was designed to help some 8 to 9 million homeowners, responsibly homeowners they called them, people who purchased homes at the peak of the real estate market with 20% or more down. The plan is just so darned convoluted, it is very complicated, people are calling wondering whats real, whats not real, whats going to happen. The bottom line is about 19% of all the homes were financed utilizing Fanny Mae or Freddie Mac financing. People, who have Fanny Mae or Freddie ...
Facing Foreclosure on Your Real Estate Mortgage, Short Sale & Loan Modification are Alternatives. Hire an Expert Short Sale Negotiator, Experienced Real Estate Agent. Go To RealEstateMarketingThisWeek.com Part 3 (Excerpt) Short Sale Objections, Advantages and Hardship Letters; Keeping the Home Owner in the Home helps fight vandalism One of the things I mentioned at the beginning of the last segment is this special allotment of funds that we received from one of our mortgage banks that we currently have available, a 30 year fixed, no pre payment penalty this is the real deal just what youre looking for a 4.875% interest rate with an APR of 4.95% and that is available we do have people at the office right now if you have questions in regard to that they can answer them for you. You would call 480-Velocity Michael, I have some clients who are buyers that would love that rate. Is that available to buyers as well? Actually, yes its that rate is for a no cash out refinance, no higher than 80% LTV, they have to have perfect credit to hit this number but even in some cases, well with this particular loan there are some closing costs, but one of the things we have available too is a no cost option and that interest rate is for people who are doing the purchase or refinancing and that rate is only 5.5%. The interest rate is 5.5% and the APR is 5.5% so that is for purchase money as well. Were back talking here with Jeri League and Kalyn Roberts, were talking about the objections to ...
Attorney Negotiated Mortgage Loan Modification for Home Owners. Expert Advice on Real Estate and Finance. Avoid Foreclosure Scams and Fraud. Prevent Bankruptcy. Go To RealEstateMarketingThisWeek.com Part 6 (Excerpt) Using Retirement Funds to pay your Mortgage is just a bad idea Get a Loan Modification So it doesnt matter if it is a $100000 property or a $500000 property the cost to the lender is $50000 on the average nationally. So the idea of the upside down scenario, you may see banks more willing to entertain a broader audience of loan modifications or a broader request of loan modifications based on the fact that they know that now, what we are calling toxic assets, not only exist on their balance sheets, but they want to do something to avoid the additional cost of foreclosing on the property, to avoid the additional impact on our economy nationally with all these foreclosures mounting. So a loan modification that may not be the best or most ideal candidate today, dont throw the option completely out of the window. And to that point I would never tell a home owner to stop making their payments just to get a better loan modification, because as of today, this may not be the case two weeks or two months from now, but as of today, your servicer is not going to entertain a loan modification unless youre late in most cases. Heres the situation, though at first you may get mad at that and they get mad at me for it, but the reality of it is we have a real problem now with ...
Attorney Negotiated Mortgage Loan Modification for Home Owners. Expert Advice on Real Estate and Finance. Avoid Foreclosure Scams and Fraud. Prevent Bankruptcy. Go To RealEstateMarketingThisWeek.com Part 5 (Excerpt) The Loss Mitigation Department at the Bank is not on your side Welcome back once again my guest Brett Fallon, Brett is a regular guest on the show, he is a registered financial consultant with RG Capitol and AIG Financial Advisors Brett W Fallon welcome back to the show. It is nice to have the financial advisors perspective on some of these things so many people dont have a financial advisor so for thousands and thousands of people listening right now you are their only option for that, financial advisory services are typically not for the masses but again you are here to help and your services are available to quite a number of people you actually work with fortune 500 companies is that correct? Yes, I do a number of workshops for fortune 500 companies that are headquartered here around the valley, the idea is to help people create efficiency with all assets, understanding that their home and home mortgage is typically the largest asset that most Americans have and if you are not treating that with efficiency, the retirement accounts and investments accounts, and all the other stuff has to work in concert, so Im happy to weigh in with information and give you my viewpoints and my perspective. We were talking just a few moments ago about utilizing an expert ...
Attorney Negotiated Mortgage Modification for Home Owners. Expert Advice on Real Estate and Loan Mods. Avoid Foreclosure Scams and Fraud. Prevent Bankruptcy. Go To RealEstateMarketingThisWeek.com Part 4 (Excerpt) Home Owner Negotiated Loan Modifications may have too many pitfalls Yes, I think that makes perfect sense, the only analogy that I can come up with is I could probably figure out how to change the oil in my car, but its not my expertise. Im certainly not going to take the time away from what I have expertise in in order to figure out how to do that, Im going to have a professional do that, and it is the same idea with when someone is considering a loan modification. You can probably call up that loss mitigation department of that lending institution versus going through the legal department and try to work through that scenario. But you dont know what you dont know, and if you take that approach and make that attempt it could cost you money, it could cost you a higher interest rate, it could cost you something that you are not even aware of. Thats where your team and the loan modification professionals and this attorney network that you exclusively work with come into play. Again you talk about choosing to not change your own oil, of course you could figure it out, you wouldnt operate on yourself, if you got yourself into some legal trouble and you were an attorney you wouldnt represent yourself. Even though you may know what to do and how to do it, you are just ...
Attorney Negotiated Mortgage Modification for Home Owners. Expert Advice on Real Estate and Loan Mods. Avoid Foreclosure Scams and Fraud. Prevent Bankruptcy. Go To RealEstateMarketingThisWeek.com Part 3 (Excerpt) Beware of phishing schemes and bank scams GMACs clients hit hard As promised just before the break, I told you to, listen in if you know anyone who has a GMAC Mortgage, this is one of those too good to be true things. Heres the thing, I have no issues what-so-ever with GMAC, thats not what Im saying, what Im saying is there is a scam of sorts that is going around. A client of ours received a letter, we did a second mortgage for this person a few years ago, they received a letter from GMAC, it looked like GMAC, it sounded like GMAC, and it said that we are willing to forgive your second mortgage of 200 and some thousand dollars in lieu of a one time payment, payable within the next 30 days, of say 20 thousand dollars. I dont recall the exact amount or what it was. There is a phone number on there, it says loss mitigation department on it, a person assigned to this case. They called the phone number, they answered the phone as if you were calling into the loss mitigation department, and verified if you just send us this amount they will release the lien. Well it is completely false. It is absolutely not true. These people are not going to seek you out on their own, now whether it be GMAC, today we have actually seen that one, there may be other ones out there ...
Attorney Negotiated Mortgage Loan Modification for Home Owners. Expert Advice on Real Estate and Finance. Avoid Foreclosure Scams and Fraud. Prevent Bankruptcy. Go To RealEstateMarketingThisWeek.com Part 2 (Excerpt) Congressman Barney Frank is calling for the restructure of the loan servicing business Well, in the past we have talked a lot about loan modifications and since the first time we started talking about loan modifications the whole space has changed. Everything about loan modifications since our very first broadcast talking about it, we don't talk about it every week, but we do talk about it allot. It has changed so much, when we started anybody who had a significant hardship, or financial hardship, or had one of these toxic mortgages, that had adjusted, would be able to qualify for a loan modification. These things have changed all of a sudden, and not all across the board. Brett you made a comment earlier that people are concerned that once these servicers do these modifications they could be subject to lawsuits right? Yes, it is amazing how quickly things have changed over the course of the last couple of weeks, it seems this information, and this news is changing almost hour by hour, at this point one of the things that came out regarding this mortgage modification program is from Barney Frank, "Congress should act to restructure the servicing of home mortgages." So the idea is that they are catching on to something that you and your team at velocity ...
Complete video at: fora.tv Stefan Ingves, head of Sweden's Riksbank, explains why it takes three to five years for a bank to collapse. As a result, he argues, executive bonuses should be paid over a longer time frame. ----- Failing banks, frozen credit markets, a faltering economy ... sound familiar? That was the situation in Sweden in the early 1990s. One of the key architects of the Swedish government's response was Stefan Ingves, who gives this talk at Duke University. - Duke University Stefan Ingves is Chairman of the Executive Board and Governor of the Riksbank. He is a member of the ECB General Council and a member of the Board of Directors of the Bank for International Settlements (BIS). He is also Sweden's governor in the International Monetary Fund. Mr. Ingves has previously been Director of the Monetary and Financial Systems Department at the International Monetary Fund, Deputy Governor of the Riksbank and General Director of the Swedish Bank Support Authority. Prior to that, he was Under-Secretary and Head of the Financial Markets Department at the Ministry of Finance. Ingves holds a PhD in economics.
www.SaveMeFromForeclosure.com is the nations leading foreclosure prevention expert. If you are a homeowner in default we can help you stop foreclosure and avoid foreclosure on your mortgage and your home and house. You Have Options & We Can Help is our slogan, and you can get free foreclosure help. We can help you stop foreclosure and save or keep your home, or we can help you avoid foreclosure and sell your home fast. If you are behind on your mortgage payment & want to save your home from foreclosure & keep it to avoid foreclosure, http will suggest an attorney backed loan modification. A loan modification is a great way to stop foreclosure. It can help you reduce your interest rate, the principal balance on your loan, or sometimes even both. To see if you qualify for a loan modification and to get a free, no-risk, no-obligation analysis of your mortgage situation, visit www.savemefromforeclosure.com or call us toll free at 1-888-472-8380 so we can help you stop foreclosure fast and you can avoid home mortgage foreclosure. If you are behind on your mortgage payment & you want to sell your home fast, even if you have no equity, or you owe more than your home is worth and need help with a short sale, www.SaveMeFromForeclosure.com can you help you. We can help find a buyer for your home, or negotiate a short sale with your lender so you can sell your home fast without having to bring any cash to closing. To get started with a free, no-risk, no-obligation analysis of your ...
Federal agents hunt for guns, one house at a time www.chron.com US mortgage applications fall to 7-month low finance.yahoo.com Iran's president says enemies' 'soft overthrow' failed www.latimes.com Gloomy US consumers clip housing recovery hopes finance.yahoo.com Home prices post 18.1 percent annual drop in April finance.yahoo.com More Americans See Democratic Party as Too Liberal www.gallup.com Democrat Franken wins protracted Minn. Senate race news.yahoo.com
Dawn Welsh a 54 year grandmother is raided in her own home, for what...owning her own home. If this sounds like something straight out of the Twilight Zone, well welcome to America in 2009. Listen as the fascist US government steals an American grandmother's home and terrorizes her!!!!! Dawn Welsh of Hillsboro, MO Arrested for Trespassing in Her Own Home After Supposed Mortgage Scam. Dawn Welsh knows her house was paid off. She received paperwork from the original mortgage company showing it was paid off. However through a fraudulent conversion of the mortgage, Wachovia Bank claimed authority of the mortgage and then claimed Welsh still owed on her home despite her having proof from the original bank that the note was paid in full. Today, Hillsboro, Missouri police came onto her property and broke her door down to remove her from her property. They used a battering ram to enter her home, despite her showing evidence that she owned the property. She had gone to court previously and showed a judge the mortgage was paid in full, and it is a record of the court. However, these are desperate times for the fraudulent vampirian banksters and they will go after anyone they want, threatening innocent hard-working Americans at every turn. And to top it off the Hillsboro sheriff was an accomplice to this crime, executing the fraudulent crime and rubbing it in further by seizing all of the 54-year-old woman's possessions. When these mortgages are sold from the original mortgagee to ...
Dawn Welsh a 54 year grandmother is raided in her own home, for what...owning her own home. If this sounds like something straight out of the Twilight Zone, well welcome to America in 2009. Listen as the fascist US government steals an American grandmother's home and terrorizes her!!!!! Dawn Welsh of Hillsboro, MO Arrested for Trespassing in Her Own Home After Supposed Mortgage Scam. Dawn Welsh knows her house was paid off. She received paperwork from the original mortgage company showing it was paid off. However through a fraudulent conversion of the mortgage, Wachovia Bank claimed authority of the mortgage and then claimed Welsh still owed on her home despite her having proof from the original bank that the note was paid in full. Today, Hillsboro, Missouri police came onto her property and broke her door down to remove her from her property. They used a battering ram to enter her home, despite her showing evidence that she owned the property. She had gone to court previously and showed a judge the mortgage was paid in full, and it is a record of the court. However, these are desperate times for the fraudulent vampirian banksters and they will go after anyone they want, threatening innocent hard-working Americans at every turn. And to top it off the Hillsboro sheriff was an accomplice to this crime, executing the fraudulent crime and rubbing it in further by seizing all of the 54-year-old woman's possessions. When these mortgages are sold from the original mortgagee to ...
This is a first class mortgage broker based in Mclean Va. We are licensed in around 30 states and will provide both excellent rates and service. Give us a call at my Nashua NH office at 603-888-7788 or email me at bullman@jdmtg.com. Bank Of America, Bank United, Citibank, Wells Fargo, East West Mortgage, refinance, low rates, NH mortgage, Massachusetts Mortgage, New England Mortgage, Home Purchase, Real Estate, Finance, ...
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A war has broken out between lenders and mortgage brokers, two groups that used to play nicely together so they could make loans for people who wanted to buy a home or refinance an existing mortgage.
The fallout from the battle could result in fewer
Source Info
Consumer Affairs
http://www.bankrate.com/caf/news/mortgages/20090402-banks-cut-off-brokers-a1.asp
Excerpt
...LANSING - Summit Community Bank is moving deeper into the home financing business. The bank and Lansing-based Providence Mortgage Co. said today they have combined their mortgage operations in to a division of the East Lansing bank. Financial terms of the...
Source Info
Lansing State Journal
http://www.lansingstatejournal.com/article/20090403/NEWS03/904030318/1004/NEWS03
Excerpt
...low interest rates spurred a surge in demand for home refinancing loans, data from an industry group showed on Wednesday. The Mortgage Bankers Association said its seasonally adjusted index of mortgage applications, which includes both purchase and refinance...
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CNN/Money
http://rss.cnn.com/~r/rss/money_latest/~3/90NGFvnfq0A/index.htm
Excerpt
...the 80% insurable portion of the $800-billion Canadian mortgage market that is the territory of traditional banks. This month, Home Capital's $200-million mortgage business will be evenly split between insured mortgages that take advantage of the spread between...
Source Info
Big News Network
http://feeds.bignewsnetwork.com/?rid=23026567&cat=3a8a80d6f705f8cc
...play video games, and worry about a measly $165000 million bonus package for AIG employees who are saving the company billions of dollars. Can you say hyperinflation? We have basically just printed one trillion dollars over night, is that not crazy? I've heard the FED Chair Ben Bernanke talk about this before, about how they will start raising interest rates just as, or before the economy starts getting better so as to keep inflation under control. I would say that they are going to need ...
House passed a bill that taxes AIG and other bailout company employee bonuses •impose a 35 percent excise tax on the companies paying the bonuses and a 35 percent tax on the employees receiving them. •"We want our money back now for the taxpayers," said House Speaker Nancy Pelosi. "It isn't that complicated." •*Basically, Washington is throwing AIG employees under the bus by placing all of the blame on them. finance.yahoo.com Oil prices reach new high for 2009 as dollar falls •A result of the Fed sinking dollar and OPEC cutting supply finance.yahoo.com Fed to pump another $1 trillion into US economy •The Federal Reserve inserted an extra $1 trillion into the financial system by purchasing Treasury bonds and mortgage securities. •*Im not financial expert, but it sounds these guys are just printing dollars •*where did we get one trillion dollars from? www.iht.com Dollar Heads for Record Weekly Loss Versus Euro as Supply Rises •The dollar headed for a record weekly drop against the euro after the Federal Reserve ramped up supply of the currency by unexpectedly saying it will start buying Treasuries. www.bloomberg.com Lam Research to cut 375 more jobs www.reuters.com Pa. lost 41000 jobs in February, most since 1996 www.forbes.com California's median home price down 40% •The state median fell to $224000 in February, compared with $373000 a year earlier, tracking firm MDA DataQuick says. www.latimes.com Foreclosure in WA Harrison and four competitors have qualified to bid on a ...
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