Obama’s Mortgage Task Force is a Joke

Author: admin  //  Category: mortgage

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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What is a home mortgage loan? Created with ShowMe iPad App

Author: admin  //  Category: home mortgage

Khan Academy style presentation by a CFP(r) Professional of explaining mortgage loans, fixed vs. ARM loans, interest rates, refinancing, and Obama’s Home Affordable Refinance Program (HARP).

Duration : 0:6:31

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REO Wholesale Training: The Business of Investing in Discount Mortgage Notes_Version 01

Author: admin  //  Category: wholesale mortgage

Cherif Medawar shares his REO Wholesale Training on March 6, 2012. This is version 01.

Duration : 1:24:0

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mortgage broker london

Author: admin  //  Category: mortgage lender

http://mortgagebrokerbromley.co.uk/contact/ Looking for a Mortgage Broker In London?

First Time Buyer?

Re-Mortgage ?

Bad Credit?

Self Employed?

Getting A Mortgage Is Very Difficult During This Tough Economic Times.

One of the most stressful, frustrating and time consuming activities is trying to negotiate with financial institutions one on one.

Mortgage Broker London Advisor can make this an easy, stress free transaction as they essentially shop the mortgage for you to lock in the best rates.

Basically it reverses the typical way of qualifying for financing. Instead of you going to each lender and qualifying for each one,

Mortgage broker London advisor, takes your financial details one time and lenders will bid for your business.

We negotiate with all the lenders to get you the best interest rate possible.

Our expert advice is fee-free, as they are paid by the lender that you wish to deal with.

No matter what your situation is,

We can match you up with a lender that understands your position and can tailor the best plan for your financial future.

You’re in good hands as Mortgage Broker london are accredited and authorized and regulated by the Financial Services Authority which assures the highest standard of experience.

In addition to new mortgages at mortgage broker london we also assist with refinances, renewals or purchase plus improvements for both residential and commercial properties.

To Get Your fee-free, no-obligation advice

Click On The Link Below Or Call The Number
http://mortgagebrokerbromley.co.uk/contact/

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Mortgage-free, tiny home on a housekeeper’s salary

Author: admin  //  Category: first mortgage

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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Home Equity Loan or HELOC Explained by Bill Rayman, Los Angeles Mortgage Broker

Author: admin  //  Category: mortgage lenders

Bill Rayman for www.mortgagehelplosangeles.com and Mortgage Capital Partners 310-295-6213
Let Bill answer all of your questions and provide you with professional direction as your make decisions about your mortgage.
In this installment, Bill explains what a HELOC is, and how they can be used in the home mortgage industry. 


Produced by www.Page1Listings.com

Duration : 0:5:24

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What is a Mortgage?

Author: admin  //  Category: mortgage

What is a Mortgage?

Disclaimer: All content was created and owned Investopedia ULC. Please visit http://www.investopedia.com/ for more information.

The use of this video is purely for educational purposes only and does not claim any responsibility for any losses or damages incurred from financial decisions made from this video.

Viewers are advised that this electronic publication is issued solely for information purposes and should not to be construed as an offer to sell or the solicitation of an offer to buy any security.

The views expressed herein are based upon our analysis of the issuer’s public disclosures, and assumes both their accuracy and completeness.

The opinions and statements included herein are based on sources (including the companies discussed and public sources) believed to be reliable and in good faith, but no representation or warranty, express or implied, is made as to their accuracy, completeness or correctness. We have not independently verified the information contained herein. This information is not intended to be used as the sole basis of any investment decisions, nor should it be construed as advice designed to meet the investment needs of any particular investor. We encourage you to consult with independent financial advisors with respect to any investment in the securities mentioned herein. You should review a complete information package on all companies, which should include, but not be limited to, the Company’s annual report, quarterly reports, press releases and all regulatory filings. All information contained should be independently verified with the subject company. The foregoing discussion contains statements which are based on current expectations, estimates and projections, and differences from such expectations, estimates and projections can be expected.

Duration : 0:1:49

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Beau Biden Mortgage settlement deal a good first step

Author: admin  //  Category: first mortgage

Beau Biden Mortgage settlement deal a good first step

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Mortgage lenders strike a deal

Author: admin  //  Category: mortgage lenders

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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3 foundations for qualifying

Author: admin  //  Category: wholesale mortgage

This is a quick overview of the I.C.E. formula WCC uses to qualify potential borrowers when they apply for a mortgage loan. I cover income, credit and equity. Wholesale Capital Corporation is a Direct Mortgage Lender in Southern California providing loans for residential, commerical and SBA cleints. Please fell Free to contact Adam Villaneda at 951-488-3182 if you have any questions about buying a home in California. Qualifcations from commericial and SBA loans may differ from information presented in this video. In addition, WCC does have minimum requirements in all three fields covered in this short presentation. Call now to see how I can help you finance you next purchase or refinance your current home.

Duration : 0:2:38

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