Interthinx Vice President Ann Fulmer breaks down what you can do to fight mortgage fraud.
Duration : 0:5:19
Mortgage Fraud Up 17%
More Bird and Fortune Subprime Funny
http://www.the-crunch.com/uk-business-directory.html
Duration : 0:8:49
Suze Orman Says to Pay Off Your Mortgage First
Financial Advisor Suze Orman advises that paying off your mortgage is a priority because it reduces financial risk. Suze says to pay off your mortgage as a priority compared to investing in your IRA or 401K. Interview on NBC with Matt Lauer.
Duration : 0:2:0
More Debt for a New World Order: Recent Presidents are similar to Franklin D. Roosevelt
The United States has had public debt since its inception. Debts incurred during the American Revolutionary War and under the Articles of Confederation led to the first yearly reported value of $75,463,476.52 on January 1, 1791. Over the following 45 years, the debt grew, briefly contracted to zero on January 8, 1835 under President Andrew Jackson but then quickly grew into the millions again.[6]
The first dramatic growth spurt of the debt occurred because of the Civil War. The debt was just $65 million in 1860, but passed $1 billion in 1863 and had reached $2.7 billion following the war. The debt slowly fluctuated for the rest of the century, finally growing steadily in the 1910s and early 1920s to roughly $22 billion as the country paid for involvement in World War I.[6]
MOST IMPORTANT:
The buildup and involvement in World War II plus social programs during the F.D. Roosevelt and Truman presidencies in the 1930s and 40’s caused a sixteen-fold increase in the gross debt from $16 billion in 1930 to $260 billion in 1950.
After this period, the growth of the gross debt closely matched the rate of inflation where it tripled in size from $260 billion in 1950 to around $909 billion in 1980. Gross debt in nominal dollars quadrupled during the Reagan and Bush presidencies from 1980 to 1992. The Public debt quintupled in nominal terms.
In nominal dollars the public debt rose and then fell between 1992 and 2000 from $3T in 1992 to $3.4T in 2000. During the administration of President George W. Bush, the gross debt increased from $5.6 trillion in January 2001 to $10.7 trillion by December 2008,[7] rising from 58% of GDP to 70.2% of GDP. During March 2009, the Congressional Budget Office estimated that gross debt will rise from 70.2% of GDP in 2008 to 100.6% in 2012.[8]
Retrieved 5/28/10, from http://en.wikipedia.org/wiki/United_States_public_debt
Duration : 0:0:40
Credit Ratings & Bad Credit : How to Buy a House With a Bad Credit Score
Buying a house with a bad credit score can be done by finding a desperate seller who needs to get rid of the house and is willing to negotiate, and any house with a “for sale” and a “for rent” sign is a good place to start. Negotiate with the seller of a home to lay out the terms of a lease or mortgage with advice from a credit repair consultant in this free video on personal finance.
Expert: Stetson Lowe
Contact: stetsonlowe.typepad.com
Bio: Stetson Lowe is a credit repair expert. Known as the “mortgage insider,” Lowe assists increasing credit scores for the most challenging of clients.
Filmmaker: Paul Kersey
Duration : 0:3:24
3 Minute Affiliate Marketing Video – Make Money Referring People for Mortgages – Brand New in 2010.
http://www.TheyPaidMe.com Get paid when you get a mortgage or refer other borrowers for mortgages. This is the only affiliate program that pays people several hundred dollars for doing what they were going to do anyway…get a mortgage. This affiliate program pays on mortgage referrals. No other affiliate program has ever paid on mortgages. We made $9,000 our first month with this affiliate program…I’ve never found it easier to sign up other affiliates…500+ our first 2 weeks.
Duration : 0:3:25
Excel Finance Trick #6: RATE function and Loan Points
See how to use the RATE function to calculate an adjusted rate when there are Loan Points.
Period rate = RATE function.
In This Series learn 17 amazing Finance Tricks. Learn about the PMT, PV, FV, NPER, RATE, SLN, DB, EFFECT, NOMINAL, NPV, XNPV, and the CUMIPMT functions that can make your financing tasks much easier in Excel. See how to use the PMT function in the standard way, but also see how to use it while incorporating a Balloon payment or a delayed payment. Lean how to translate a Nominal interest rate into an Effective Interest rate. Learn how to calculate how long it takes to pay off a credit card balance. Lean how to calculate the Effect Rate on a Payday loan. And many more financing Tricks!!
The Excel Finance Tricks 1-17 will show an assortment of Excel Financing Tricks!
Formula
Duration : 0:4:13
Hightower’s Guide to Sub Prime Mortgage Rip Off
More info: www.hightowerlowdown.org! Hightower’s simple, easy guide to explaining the looming disaster awaiting Wall St and Main St.
Duration : 0:1:7
The Mortgage Meltdown, The Economy, and Public Policy (Part 1)
Welcome and Opening Remarks
Stuart Gabriel, UCLA
John Quigley, UC Berkeley
The Policy Maker’s Perspective on the Financial Meltdown and the Economy
Janet Yellen, Federal Reserve Bank of San Francisco
Stuart Gabriel, UCLA, Moderator
The Future of the Housing Finance System
Nancy Wallace, UC Berkeley, Moderator
Panelists:
Brad Blackwell, Wells Fargo Bank
John Krainer, Federal Reserve Bank of San Francisco
Paul Leonard, Center for Responsible Lending
Paul Jablansky, 400 Capital Management LLC
http://urbanpolicy.berkeley.edu/mortgagemeltdown.htm
Duration : 2:24:33
Daily Briefing, Monday March 03, 2008
Intro
Hello. I’m Bernard Hickey with the daily briefing from interest.co.nz…
Today, we’ll look at the latest signs of stress in a housing market where the bubble is bursting,
We’ll look at the latest news from the global credit crunch and what it might mean here for interest rates and our exchange rates,
And finally we’ll preview the next big batch of mortgage rate resets and how it will coincide quite nicely with the election.
Story 1,
Firstly we look at some signs emerging of real stress in the housing market.
Essentially the bubble is bursting and we’re at that exact stage where the bubble pops, covering everyone in soap.
The Sunday Star Times has reported that all 21 house auctions it watched in the last week failed to sell the house, either at auction or after auction. It seems some of the auctions even failed to raise a bid.
Real estate agents report that auction failure rates have more than doubled to 70% in the last year.
It’s clear the market is in deep trouble when you look at the pointy end of the process — mortgagee sales.
We’ve just started an index measuring mortgagee sales listed on trademe.co.nz and realestate.co.nz. This week we saw a big increase to 212 properties listed from 154 properties listed last week.
However this should be taken with a grain of salt. Barfoot and Thompson, which is the biggest real estate agency group, have just started listing their properties with trademe. So their mortgagee sales were included for the first time.
But it is clear there’s a rising trend of mortgagee sales.
Story 2
Now let’s have a quick look at the latest news on the credit crunch coming through from America.
New Zealanders are starting to work out this really matters now that some of the banks are putting up fixed mortgage rates because of higher wholesale mortgage rates, which are directly linked to the turmoil on global credit markets since the sub-prime credit crisis hit the markets midway through last year.
Late on Friday UBS predicted that the big banks may have to book losses of US$600 billion because of exposures to toxic bonds that aren’t paying their way. And then we saw more news that the housing market in America is in dire straights.
There are now more than half a million new houses that are sitting there empty. More than 300,000 of those are empty because people pulled out of initial deals to buy the house.
This latest batch of bad news had real impact on financial markets late on Friday. Stock markets fell more than 3% and the nerves hit those currencies seen as slightly riskier because they depend on the carry trade, where investors borrow in one cheap currency and invest in another currency with higher interest rates.
That meant the New Zealand dollar fell sharply this morning to below 80 cents. This is likely to mean higher interest rates too as nervous global investors demand more for the money they lend us to finance our current account deficit.
Story 3
And finally we look ahead over the rest of the year to an impending rash of mortgage rate resets.
You might remember back in the spring of 2004 the BNZ launched its unbeatable campaign for 2 year fixed mortgages that sparked a price war and a heavy bout of lending. This gave the housing market a second wind.
Those mortgages were reset for the first time in the spring of 2006 and now they’re due to be reset again in the spring of 2008.
We estimate over $40 billion of mortgages or more than 300,000 mortgages will be reset and their mortgage rates will rise from 7.99% to around 9.7%. For someone with a 250,000 dollar mortgage it means their weekly payments will rise by around $60.
This will all happen around the time of the election later this year and will no doubt sharpen political minds on the effects of their policies on interest rates.
In particular the effects of big tax cuts, which the Reserve Bank governor Alan Bollard has warned would increase inflation and may force him to put up interest rates.
I’m Bernard Hickey from interest.co.nz with the Daily Briefing. Catch you on Tuesday.
Duration : 0:4:21