Via NY Daily News: “Three months ago, in his State of the Union speech, President Obama announced a new task force to investigate mortgage fraud and bring some measure of relief to the 12 million American families who are either losing their homes or in danger of losing them. The new Residential Mortgage-Backed Securities Working Group would be co-chaired by New York State Attorney General Eric Schneiderman, U.S. Attorney John Walsh of Colorado and three Washington insiders from the Justice Department and the Securities and Exchange Commission. Obama said, “This new unit will hold accountable those who broke the law, speed assistance to homeowners and help turn the page on an era of recklessness that hurt so many Americans.” Whether or not the President, attorney general and others intend to get around to this task someday, “speed” was a terrible word to choose. Because 85 days after that speech, there is no sign of any activity…”.* The Young Turks host Cenk Uygur breaks it down.
Read more from Mike Gecan and Arnie Graf: http://www.nydailynews.com/opinion/obama-mortgage-unit-awol-article-1.1063094
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Duration : 0:4:10
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Technorati Tags: BANK FORECLOSURES, Bank Fraud, bank task force, banker fraud, Eric Schneiderman, financial reform, fraud, geithner banks, geithner wall street, government task force, mortgage, mortgage task force, obama mortgage, obama mortgages, obama sotu, schniederman obama, tim geithner, Wall Street
Aerick Squier 480-220-5254
http://mywjb.com/aerick-squier/
Duration : 0:2:15
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Technorati Tags: Aerick Squier, Arizona, Arizona Home Loan, arizona mortgage, Arizona Mortgages, Good Arizona Lender, Good lender Arizona, Good Phoenix Lender, Home-Loan, mortgage, Mortgage Arizona, mortgage loan, Mortgage Phoenix, Mortgage Rates Arizona, Mortgages, mortgages Arizona, Phoenix, Phoenix home Loan, Phoenix Mortgage, rates, Testimonial, WJ Bradley
Johnny Sanphillippo has never made more than $20,000 per year (he works as a housekeeper, as well as, a gardener and house painter), but he knew like “any other American” that he wanted to own his own home.
When he talked to bankers about qualifying for a home loan, “they look at you and their eyes glaze over and you realize, they’re going to give me a lollipop and send me home, which is pretty much what happened”. So he decided that if he went far enough away from his hometown of San Francisco he could find something he could afford to buy with cash.
He finally heard about a deal in Hawaii (back when oil was cheap and airline tickets were $99 from SFO) and for $3000 cash he bought himself an empty lot in a failed subdivision on the Big Island.
Without a loan, he knew he couldn’t afford to build a conventional home. He’d always loved tiny houses, but the permitting office wasn’t as enthusiastic about allowing him to build small. So he had plans drawn up for a conventionally-sized home, plus a 400 square foot garage. He just built the garage.
Once the inspectors signed off on his fully-equipped garage (which included a bathroom, utility sink, electricity, septic system and rainwater capture), he let them know he wasn’t planning on building the house. Then he set about swapping the garage door for sliding glass and the utility sink for a regular kitchen.
Instead of relying on a loan to buy a house up-front, he had to do it the slow way, in stops and starts as he worked to pay off he step of the process. First, he saved up for a foundation, then the shell, then septic, etcetera and today, 13 years later, the home is complete.
Original story & more info: http://faircompanies.com/videos/view/mortgage-free-tiny-home-on-a-housekeepers-salary/
Duration : 0:10:41
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Technorati Tags: debt, downsizing, green building, Hawaii, home payments, home size, house payments, loan-free, mortgage, mortgage-free, san francisco, simple living, simplicity, small home, small house movement, small space, tiny home, tiny home building permit, tiny house, Unemployment
They had nothing to do with the subprime mortgage and economic meltdown in the United States or Western Europe NOTHING
Duration : 0:11:56
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Cherif Medawar describes his Wholesale REO Training via the web on March 7, 2012. This is version 2.
Duration : 1:18:35
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Matt Taibbi talks to Cenk about his recent “Rolling Stone” article, “Bank of America: Too Crooked to Fail.” Taibbi says, “It’s no different than here on the streets of New York where you see people selling fake Prada bags.”
Duration : 0:4:10
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Technorati Tags: bailout, bank of america, Cenk Uygur, commentary, Current TV, Election 2012, fraud, Matt Taibbi, mortgage, News, Politics, The Young Turks
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
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Technorati Tags: amount, Angeles, Bank, broker, business, California, cash, city, conv, Conventional, corp, Corporation, County, credit, Danny, delgado, Diego, Direct, equity, FHA, finance, financial, government, H.A.R.P., HARP, Home, insurance, interest, la, lender, loan, Los, los angeles, low, ltv., moreno valley, mortgage, Murrieta, no, off, orange, Own, pay, Payoff, program, rate, refianance, rent, Riverside, San, Team, Temecula, terms, Underwater, VA, vs, Wholesale Capital
Beau Biden Mortgage settlement deal a good first step
Duration : 0:3:20
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Technorati Tags: Beau, biden, deal, First, good, mortgage, settlement, Step
Learn what to look for in a mortgage lender from Jay Farner, President of Quicken Loans.
Duration : 0:2:12
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Greece strikes a deal on a new austerity program, a deal has been reached between the U.S. government and the nation’s five biggest mortgage lenders, and weekly jobless claims dropped to the lowest level in almost four years. Ashely Morrison reports.
Duration : 0:1:14
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Technorati Tags: ashley, austerity, Budget, claims, Crisis, cuts, deal, debt, Foreclosure, Greece, homeowners, jobless, lenders, moneywatch, morrison, mortgage, program, Weekly