They had nothing to do with the subprime mortgage and economic meltdown in the United States or Western Europe NOTHING
Duration : 0:11:56
the truth about Derivatives Financial derivatives kevin D. blanch 2/16/12
FHA may lower the max seller contribution limits
Something to use when getting buyers off the fence.
Thanks
Ryan Hoffman
Loan Officer
Wholesale Capital Corp.
23328 Olivewood Plaza Drive
Moreno Valley CA 92553
Direct: 951-488-3114
Fax: 951-488-3214
Cell: 951-312-8650
Duration : 0:1:22
Meltdown – The Global Financial Crisis? pt 1of 4
http://www.peoplestandup.ca
by Terrence MdKenna’s voice that this is from “DocZone,” a CBC.ca
The credit crunch
The global financial crisis (GFC) or global economic crisis is commonly believed to have begun in July 2007 with the credit crunch, when a loss of confidence by US investors in the value of sub-prime mortgages caused a liquidity crisis. This, in turn, resulted in the US Federal Bank injecting a large amount of capital into financial markets. By September 2008, the crisis had worsened as stock markets around the globe crashed and became highly volatile. Consumer confidence hit rock bottom as everyone tightened their belts in fear of what could lie ahead.
The sub-prime crisis and housing bubble
The housing market in the United States suffered greatly as many home owners who had taken out sub-prime loans found they were unable to meet their mortgage repayments. As the value of homes plummeted, the borrowers found themselves with negative equity. With a large number of borrowers defaulting on loans, banks were faced with a situation where the repossessed house and land was worth less on today’s market than the bank had loaned out originally. The banks had a liquidity crisis on their hands, and giving and obtaining loans became increasingly difficult as the fallout from the sub-prime lending bubble burst. This is commonly referred to as the credit crunch.
Although the housing collapse in the United States is commonly referred to as the trigger for the global financial crisis, some experts who have examined the events over the past few years, and indeed even politicians in the United States, may believe that the financial system was needed better regulation to discourage unscrupulous lending.
The global financial crisis enters a new phase
The collapse of Lehman Brothers on September 14, 2008 marked the beginning of a new phase in the global financial crisis. Governments around the world struggled to rescue giant financial institutions as the fallout from the housing and stock market collapse worsened. Many financial institutions continued to face serious liquidity issues. The Australian government announced the first of it’s stimulus packages aimed to jump-start the slowing economy.
The U.S. government proposed a $700 billion rescue plan, which subsequently failed to pass because some members of US Congress objected to the use of such a massive amount of taxpayer money being spent to bail out Wall Street investment bankers who some people may have believed could be one of the causes of the global financial crisis.
By September and October of 2008, people began investing heavily in gold, bonds and US dollar or Euro currency as it was seen as a safer alternative to the ailing housing or stock market.
In January of 2009 US President Obama proposed federal spending of around $1 trillion in an attempt to improve the state of the financial crisis. The Australian government also proposed another stimulus package, pledging to give cash handouts to tax payers, and spend more money on longer-term infrastructure projects.
Australia’s response to the global financial crisis – the first stimulus package
Australian prime minister Kevin Rudd and Treasurer Wayne Swan delivered their first budget in response to the global financial crisis, with the main objective being to fight inflation – a major problem in the local economy at the time.
The global financial crisis enters a new phase
The collapse of Lehman Brothers on September 14, 2008 marked the beginning of a new phase in the global financial crisis. Governments around the world struggled to rescue giant financial institutions as the fallout from the housing and stock market collapse worsened. Many financial institutions continued to face serious liquidity issues. The Australian government announced the first of it’s stimulus packages aimed to jump-start the slowing economy.
The U.S. government proposed a $700 billion rescue plan, which subsequently failed to pass because some members of US Congress objected to the use of such a massive amount of taxpayer money being spent to bail out Wall Street investment bankers who some people may have believed could be one of the causes of the global financial crisis.
By September and October of 2008, people began investing heavily in gold, bonds and US dollar or Euro currency as it was seen as a safer alternative to the ailing housing or stock market.
In January of 2009 US President Obama proposed federal spending of around $1 trillion in an attempt to improve the state of the financial crisis. The Australian government also proposed another stimulus package, pledging to give cash handouts to tax payers, and spend more money on longer-term infrastructure projects.
Duration : 0:44:58
Blitz Says Tighter Mortgage Lending Is Hurting Housing
Jan. 20 (Bloomberg) — Steven Blitz, an economist at ITG Investment Research, Daniel Alpert, managing director at Westwood Capital LLC, and Stephen Wood, chief market strategist at Russell Investments, talk about the U.S. housing market, increased lending standards at banks and the European sovereign debt crisis.
They speak with Pimm Fox on Bloomberg Television’s “Taking Stock.” (Source: Bloomberg)
Duration : 0:15:50
FHA Flip rule change. Get ready
Hey Everyone,
I just heard about the flip rules changing again. Be ready and take a look.
Give me a call if you or your clients need to get set up for a loan.
Ryan Hoffman
Loan Officer
Wholesale Capital Corp.
23328 Olivewood Plaza Drive
Moreno Valley CA 92553
Direct: 951-488-3114
Fax: 951-488-3214
Cell: 951-312-8650
Duration : 0:1:30
WCC Run Through… Litterally
Not familiar with how seamlessly our different departments work together? Take a look and give me a call if you have a fianncing question or need to help your buyers get qualified.
Ryan Hoffman
Loan Officer
Wholesale Capital Corp.
23328 Olivewood Plaza Drive
Moreno Valley CA 92553
Direct: 951-488-3114
Fax: 951-488-3214
Cell: 951-312-8650
Email: RHoffman@wccloans.com
Duration : 0:2:58
Obama Identity Theft – Mortgage & Real Estate Fraud! Pt. 1
This is an interview that was conducted by Rick Wiles of TruNews.com talking with an anonymous man named “Al”.
“Al” is a Professional debt collector. A client hired him to locate a debtor and collect the money. During his investigation into the original debtor, he unexpectedly stumbled across Michelle Obamas name and from there on, things take an interesting turn, with some new insight into the “Obama drama”! Possible Identity theft, Mortgage and Real Estate Fraud! Just to name a few!
Who is Harrison J Bounel or Bounel Harrison J using Obama SSN with his supposed home address? Startling revelations.
We have .pdf’s of the reports being discussed in this interview on our site http://getthetruthout.freeforums.org in the Obama Administration section. You will have to register with us, sorry for the inconvenience.
Duration : 0:12:1
Rent vs Own Comparison
this example shows the benefits of buying vs Renting. Note that if you live outside a metropolitan area such as LA or San Diego you can expect your benefit to be much much better. In Riverside county for example you can save about $400 a month without ever taking into account tax savings or appreciation.
Give me a call and we can discuss your specific situation.
Ryan Hoffman
Loan Officer
Wholesale Capital Corp.
23328 Olivewood Plaza Drive
Moreno Valley CA 92553
Direct: 951-488-3114
Fax: 951-488-3214
Cell: 951-312-8650
Email: RHoffman@wccloans.com
Duration : 0:2:23
HARP PROGRAM UPDATES (UNDERWATER REFINANCES)
We’ll update you with another video once we have the full guidelines, but for now it looks good and everyone should be ready so we can refinance as soon as we know.
Ryan Hoffman
Loan officer
Wholesale Capital Corp
951-488-3114
RHoffman@wccloans.com
Duration : 0:2:49
Government Caused The Subprime Mortgage Crisis.mp4
Investors Business Daily: Smoking-Gun Document Ties Policy To Housing Crisis
http://news.investors.com/Article/589858/201110310805/Housing-Crisis-Obama-Clinton-Subprime.htm
Duration : 0:12:1