Aerick Squier 480-220-5254
http://mywjb.com/aerick-squier/
Duration : 0:2:15
WJB Arizona Mortgage – Aerick Squier Testimonial
What are Fannie Mae and Freddie Mac? Part 2
Subprime the Musical- Series of light-hearted podcasts designed to explain the Subprime Mortgage Crisis. To learn more visit:
www.subprimethemusical.wordpress.com
In this podcast, I explain how Freddie Mac and Fannie Mae started taking on more risk, and how Wall Street’s sudden desire to get in on the mortgage market, may have encouraged Freddie and Fannie to get more into the risky mortgage market.
E-mail: moneyandsociety@gmail.com
Duration : 0:3:7
Mortgage Madness (1/3): BBC2 – 29/10/2003
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
Western Direct Financial Mortgages – Edmonton Mortgage Brokers
http://mortgagebrokersforedmonton.com – Western Direct Financial Mortgages Ins – is a Mortgage brokerage firm in Edmonton and specializes in getting mortgage approvals for its clients. WD Financial has worked with hundreds of new home buyers and people looking for second mortgage or trying to refinance their current property. WD Financials works in your best interest by getting you the best mortgage product that’s right for you. Contact us for a FREE no obligation consultation
Duration : 0:0:41
Testimony on Secondary Market and Subprime Mortgage Lending
The Financial Services Subcommittee on Financial Institutions and Consumer Credit Committee is currently holding a hearing, “The Role of the Secondary Market in Subprime Mortgage Lending.” Mr. Michael Calhoun, President and Chief Operating Officer, Center for Responsible Lending, and Ms. Judy Kennedy, Executive Director, National Association of Affordable Housing Lenders, give opening testimony.
Duration : 0:13:36
Fixed and Adjustable Rate Mortgages Compared Interest Only
(Best Syndication) This video will explain various mortgage options including a fixed rate mortgage (sometimes called a FRM), an adjustable rate mortgage (sometimes referred to as an ARM), and interest only loans. Although fixed rate mortgages are usually more desirable, there are instances when customers may want to choose either an adjustable rate mortgage or even an interest only loan.
The interest rate of a fixed rate mortgage remains constant throughout the loan term. Payments are fixed and will not vary, and this amount is independent of the additional costs on a home including as property taxes and property insurance. Some lenders may require an impound account for both taxes and insurance. This benefits the lender by ensuring that these required payments are made.
If there is very little money down, the lender may require an impound account. But impound accounts can confuse the borrower who is not sure if those payments were actually made. In some instances they may continue to be billed by the county assessor and / or the insurance company.
Adjustable Rate Mortgages have become very popular lately. They are characterized by low initial payments which make it easier for the borrower to qualify. This allows borrowers to qualify and purchase larger homes.
The payments may be adjusted periodically with the interest rate tied to an index. Common indexes include the 11th District Cost of Funds Index (COFI), London Interbank Offered Rate (LIBOR), 12-month Treasury Average Index (MTA), Constant Maturity Treasury (CMT), National Average Contract Mortgage Rate, or the Bank Bill Swap Rate (BBSW).
Adjustable rate mortgages are usually easier to qualify for because the lender is protected from spikes in interest rates. But lenders and investors need to consider the default rates due to hybrid adjustable rate mortgages which offer an initial low payment period. After that period the loan payments are adjusted upward and may even double leading to defaults and foreclosures.
But what do the numbers mean in Hybrid mortgages? A 3/1 ARM means the payment is fixed for a 3-year period and a subsequent 1 year adjustment period. After a specified “reset date” the loan is free to adjust or “float” to the index specified in the loan documents.
When interest rates are high borrowers may prefer an adjustable rate loan. If a borrower feels that he or she may sell their home within five or maybe ten years, they may consider either an adjustable rate mortgage or an Interest Only Loan. If property values increase in that period the home buyer benefits because they invested less money compared to a standard Fixed Rate Mortgage.
Borrowers with Interest Only Loans pay only the interest for a specified period of time. Unlike Adjustable and Fixed Rate Mortgages, no principal is paid on the loan. At the end of interest only period the loan may convert to a regular amortized loan or a balloon payment may become due. The terms are spelled out in the loan agreement.
In the United States a five or ten year interest-only period is typical. After that time the loan usually converts to a regular amortized loan for the remaining term. For instance, a homebuyer may pay interest only for 10 years but then pays both interest and principle for the remaining 20 years of a 30-year loan.
Adjustable rate and interest only mortgages can help buyers qualify for larger loans and homes. There is a risk to both the borrower and note holder when the loan either resets or converts to a regular amortized loan. For this reason lenders will usually require a higher interest rate on these types of loans.
Homeownership offers many advantages when compared to renting. This presentation was not meant to be advice. Always consider all of your options and talk to loan and / or real estate professionals before making your decision.
Duration : 0:5:37
Mortgage Loans in FT MYERS, FLORIDA
http://www.lendinguniverse.com/Brokers.asp Find and compare hundreds mortgage loans in FT MYERS, FLORIDA. LendingUniverse – Real Estate Brokers Commercial Mortgage Broker Letter of interest by Banks, brokers, real estate investors and lenders offer mortgages on residential, commercial land and construction in FL – FT MYERS At https://www.lendinguniverse.com/ complete simple form and we will deliver you fast, accurate multiple results. We are neither a lenders nor a broker we give borrower tools to find and track and compare all the negotiations. Lenders compete- You decide. Real Estate Loan & Investor
Our network of registered lenders includes brokers, private investor and real estate investor firms, and leading financial institutions such as Bank of America and Wells Fargo. This vast network of institutions and investors is given instant access to your real estate loan request, which guarantees the best financial deal for each and every Lending Universe client.
With our secure, integrated software, all your information is safe from outside infiltration, plus your commercial lender application can be completed and submitted in just a few minutes. Simple, effective, secure and trustworthy, your real estate loan application is always in safe hands when you deal with Lending Universe.
Over 10,000 Hard money lenders, brokers and private real estate investors in, funding residential commercial vacant land and construction loans. Service based in Los Angeles for FT MYERS, FL and includes:
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Duration : 0:0:43
ES&U WHOLESALE, INC – Pompano Beach, FL
ES&U WHOLESALE, INC 954-687-0630 http://www.yellowbook.com/profile/es-and-u-wholesale-inc_1861840122.html
Duration : 0:0:36
Mortgage rules shake-up
The FSA announce stricter rules governing mortgagesDelaware Mortgage Rates Weekly Update December 12 2011.mp4
http://www.DelawareMortgageLoans.net – Delaware mortgage rates weekly update for week of December 12, 2011 from John R. Thomas with Primary Residential Mortgage – 248 E Chestnut Hill Rd, Newark, DE 19713 Call us to apply for a mortgage at 302-703-0727. NMLS 38783
Duration : 0:3:56