Original broadcast (UK): Wednesday 29 October 2003, 7.30pm, BBC TWO.
[00:00 - 09:01 of 00:27:00]
Part 1
00:00 – 01:10 : Introduction.
01:10 – onwards : Andy Ashford from Ealing, London.
02:32 – 03:04 : Brief overview of the UK housing market (2003).
03:04 – 06:14 : Liar Loan #1 – Undercover at Rolfe East estate agents.
06:14 – 06:58 : Tony Shaw QC highlights the criminality of committing mortgage fraud.
06:58 – 08:10 : Andy Ashford contemplates mortgage fraud to avoid being priced out any further.
08:10 – 09:01 : Dr Desmond Fitzgerald identifies the risks of borrowing in excess of 6x your income.
“BBC TWO’s The Money Programme has revealed a huge mortgage fraud with brokers from some of Britain’s biggest estate agents and financial advice groups advising customers to break the law and lie about their incomes to get massively bigger mortgages.
And it shows how the illicit cash raised by this method has been pouring into the housing market, boosting prices and leaving many people risking financial ruin.
…
The Money Programme found that during the investigation brokers advised the undercover researchers to lie on applications for self-certified mortgages from, among others, The Bank of Scotland, The Mortgage Business and Birmingham Midshires.
All three are part of the Halifax Bank of Scotland Group Britain’s biggest mortgage lender.
…
The Money Programme requested an interview with HBOS Chief Executive James Crosby but he declined to be interviewed.”
James Crosby was knighted for services to the finance industry in June 2006. RBS bank boss Fred Goodwin was knighted in June 2004.
Source: http://www.bbc.co.uk/pressoffice/pressreleases/stories/2003/10_october/29/money_programme_mortgage.shtml
Video source: http://video.google.co.uk/videoplay?docid=-8482518243122067675&hl=en-GB#
Duration : 0:9:1
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Technorati Tags: House Price Crash, House Prices, liar loans, Money Programme, Mortgage Madness, Mortgages, Self Certification
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Duration : 0:9:22
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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
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http://bit.ly/whueOW – Stop Foreclosure Now – Get the Facts
Fraud involving mortgage loans, and foreclosure proceedings are becoming increasingly less tolerated by the court system. In addition, some mistakes and fraud actually violate laws, as well as, your rights as a homeowner and consumer under the TILA, RESPA, and by State and Federal Acts. There have even been cases where the mortgage did not match the note. That fact alone can stop the foreclosure dead in its tracks. In other cases, the transfer of rights in the property was not properly executed in the mortgage which leaves the bank with an unsecured credit line. There are many factors that can cause a foreclosure proceeding to be illegal. If you are not aware of these factors you are walking away and losing your home for no good reason.
For more information on how you can stop foreclosure now go to http://tinyurl.com/3qsdw5x
Duration : 0:6:4
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The VA mortgage loan programs are one of the great benefits out there for soldiers who have stepped forward to servce their country. Tim Lewis discusses how choosing the right VA lender can make a difference.
Duration : 0:1:10
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Technorati Tags: Benefits, Home, lender, loan, loans, mortgage, officer, Refinance, VA, veteran
Meet Phyllis the Head Underwriter; Phyllis loves to torment loan officers and their clients by finding absurd reasons why mortgage loans must be turned down. Laugh with her as she shows you her twisted reasoning. If you are a mortgage banker or mortgage broker and Phyllis looks familiar, it’s time to contact netbranchology.com to inquire about getting new job at a mortgage firm or bank that uses underwriters with common sense.
Duration : 0:5:34
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San Jose Mortgage Broker at http://ArcusLending.com – Arcus Lending – Bay Area’s #1 Mortgage Expert. Your best choice with best rates and great service for Purchase and Refinance, offering Conventional Mortgage, FHA Loans, VA Loans, Jumbo, Homepath, Rehab Loans Investment Property Loans. http://www.youtube.com/watch?v=HakqTLAk7rU
Duration : 0:3:12
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americantrustbankhttp://gdata.youtube.com/feeds/api/users/americantrustbankNewsMortgage LoanMortgage Loans from American Trust – 2012
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Montgomery Mortgage Solutions provides mortgage loans, home equity loans, home equity line of credit, refinance mortgage
Duration : 0:1:23
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Tough economic times are forcing more homeowners into trying to modify their loans to avoid foreclosure…But for some it has turned into a nightmare. Attorney Michael Kushner, from the Kushner Law Firm, PLC discusses with Fox LA.
Duration : 0:3:37
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