Sunday, December 5th, 2010
SubPrime Mortgage Mess Explained (with voice)
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from: http://www.businesspundit.com/the-sub-prime-primer/
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Duration : 0:6:7
Topics: Mortgages |
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@MortgageVoice The …
@MortgageVoice The Banks??? Try Wall street they called the shots we put out the products with their guidelines… So yeah you are right the banks and wall street ran us like puppets and we get blamed.
Get easy home …
Get easy home mortgage from IFG,Inc and live life in peace and happiness in your very own house.
@MortgageVoice lol …
@MortgageVoice lol ok your right we should. The willingly ignorant at best or knowingly unscrupulous at worst, the brokers, the banks and the government. All players involved either knew or should have known that they move the move they were making was a bad one.
It’s funny how they …
It’s funny how they blame the mortgage brokers while the banks set all the rules for the mortgages being funded. PLACE THE BLAME WHERE IT BELONGS THE BANKS!
@ignati123 Oh, come …
@ignati123 Oh, come dude, you really think that liberals have the power to tell businesses how to invest their loans? Get real.
Yup, this here is …
Yup, this here is right on the money. LOL!!!!!
hhaha great video …
hhaha great video man!
i looove
this …
i looove
this video!!
hilarious
A new financial …
A new financial reform bill titled “Inclusion of Minorities and Women; Diversity in Agency Workforce” requires each federal financial agency, the Fed Board of Governors and the 12 regional Fed banks to “establish an Office of Minority and Women Inclusion” to allocate credit by race and gender ignoring the fact that our current recession’s catalyst was the “housing bubble.”
An economics …
An economics student explained this to me while giving me a break at work two years ago. I couldn’t remember what he said about spv’s, and now it’s clear. Thanks.
The problem was …
The problem was caused when Fanny Mae and Freddy Mac bought up tons of the bad debt. This created and nurtured the paradigm of subprime lending. Liberal groups pressured banks to give risky loans to the poor too. Then, just prior to the 08′ election, there was a “coincidental” run on FM&FM bonds. The resulting losses from bondholders triggered the financial crisis. Thanks to this, liberals have caused their candidate to get elected, and have blamed capitalism.
Remember; FannieMae …
Remember; FannieMae MANDATED that loans be given out to people who wouldn’t otherwise qualify under standard industry guidelines. All in the name of “home ownership for everyone”. If a lender refused to give a loan to someone who qualified under the new, very loosened guidelines, that lender could be sued for discrimination. The lender wasn’t the problem, it was FannieMae who required these loans and the home buyer who didn’t read and understand the biggest contract of their lives.
funny nice art work
funny nice art work
Haha I loved the …
Haha I loved the video- funny and educational! “Yea, just say you up”.
Really funny video. …
Really funny video. But what happened to the Federal Reserve, FDIC, Fanny & Freddie Mac, Dot com bubble, Moral Hazard?
People want to …
People want to change healthcare, or tax banks, or whatever, but
HAS ANYONE PROPOSED ABOLISHING THE MORTGAGE BACKED SECURITIES MESS? no.
Whiskey Tango Foxtrot
Sorry folks, you …
Sorry folks, you have been had, peed on, scammed and lied to.
WallStreet bailouts were rigged and a fraud, market manipulations,
high freqency trading, flash orders, naked short selling by:
Goldman, JPM, Cit, MorgStanley, Aig, stay away from this scum.
The Fed, Comex, ETF’s, Govt data: frauds. Your labor devalued to Zero.
Pull your money out, walk away from your mortgage and CC card debt,
We can beat them at their own game, buy pure silver bullion,
buy local mom and pop. Starve The Beast!
Add in illegals …
Add in illegals buying houses and kaboom.
It all started with CRA 1977 and Jimmy Carter.
i get it now!!
i get it now!!
that was …
that was interesting.
More than 84 …
More than 84 percent of the subprime mortgages in 2006 were issued by private lending institutions.
Private firms made nearly 83 percent of the subprime loans to low- and moderate-income borrowers that year.
Only one of the top 25 subprime lenders in 2006 was directly subject to the housing law that’s being lambasted by conservative critics.
Fannie Mae & Freddie Mac? Uh, no. ACORN? Uh, nope again.
Try George Bush, Phil Gramm and all the values voters.
the bible says the …
the bible says the same stuff about debt so there is nothing special about your koran
That mortgages are …
That mortgages are realy smelly.
mortgageartist. com …
mortgageartist. com
The best thing you can do is arm yourself with knowledge, even better if it’s free. a little time and a few clicks now could save you years and thousands of dollars later.
the choices you make today define your tommorow.
Yes as a broker in …
Yes as a broker in the UK i agree were all in a mess.