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BofA Says Obama's Mortgage Program Create "Confusion" - Bloomberg
Bank of America says the White House creates confusion and delay among mortgage lenders. (Bloomberg News)
Просмотров: 41 Bloomberg
President Obama on Working Through the Mortgage Crisis
The President speaks after Housing Refinance Roundtable with real people who have benefited from renegotiating their mortgages and explains how millions of others can take advantage of his Making Home Affordable plan. (public domain)
Просмотров: 24625 The Obama White House
Bank of America Mortgage Initiative
CBS MoneyWatch's Jill Schlesinger discussed Bank of America's initiative to reduce mortgage totals for certain borrowers. The programs is by invitation only.
Просмотров: 977 CBS
Obama's Mortgage Rescue Plan
More than 11 million homeowners are at risk of foreclosure. President Obama rolled out a new plan that he hopes will help 4 million homeowners in the next 3 years. Chip Reid reports.
Просмотров: 1454 CBS
President Barack Obama unveiled his $75 billion mortgage relief plan, a series of measures the presi
(18 Feb 2009) HEADLINE: Obama unveils $75 billion mortgage relief plan CAPTION: President Barack Obama unveiled his $75 billion mortgage relief plan, a series of measures the president says will keep 9 million people from losing their jobs. The AP's Julie Pace breaks down the plan. (Feb. 18) [Notes:ANCHOR VOICE] President Barack Obama is rolling out the next step in his multi-pronged plan to revive the U-S economy....a 75 billion dollar program to help struggling homeowners. Obama says the plan will keep nine million Americans from losing their homes to foreclosure. SOT Barack Obama "the plan I'm announcing focuses on rescuing families who have played by the rules and acted responsibly." The plan offers incentives for lenders to lower monthly mortgage payments for millions of Americans who are the brink of foreclosure. It will also make it easier for families to refinance their mortgages if their homes are worth less than they owe. Stand-Up Julie Pace/The Associated Press "Obama's housing plan is more ambitious than originally expected - and more expensive. But with the effects of the crisis reverberating across the financial markets, Obama says the plan is necessary to not only get the housing market back on track." SOT Barack Obama "In the end, all of us are paying a price for this home mortgage crisis. And all of us will pay an even steeper price if we allow this crisis to deepen," But some experts wonder if incentives will be enough to get banks and lenders to act. SOT John Taylor/National Community Reinvestment Coalition "maybe we'll all be pleasantly surprised and see these investors and lenders who weren't willing to move a week ago or thirteen months ago, all of the sudden, through a voluntary program, because of a $1500 fee, willing to do massive modifications. Maybe that will happen. Even so, the president says the plan can't - and won't - help everyone. SOT Barack Obama "it will not rescue the unscrupulous or irresponsible by throwing good taxpayer money after bad loans. It will not help speculators who took risky bets on a rising market and bought homes not to live in but to sell." Funding for the mortgage plan will come from the 700 billion dollar bank bailout passed by Congress last fall. Julie Pace, The Associated Press, The White House You can license this story through AP Archive: http://www.aparchive.com/metadata/youtube/938b0332598383163962d13da512f2a7 Find out more about AP Archive: http://www.aparchive.com/HowWeWork
Просмотров: 75 AP Archive
Obama's Mortgage Rescue Plan
More than 11 million homeowners are at risk of foreclosure. President Obama rolled out a new plan that he hopes will help 4 million homeowners in the next 3 years. Chip Reid reports.
Просмотров: 1386 CBS News
Obama creates new bank watchdog for consumers
The White House has said Barack Obama is exploring a possible fallback plan to avert a debt default on August 2. He again called on Congress to raise the debt ceiling. The president was announcing the head of a new watchdog, the Consumer Financial Protection Bureau, to help protect individuals from lending institutions. In charge he has named Richard Cordray, a fierce critic of US banks and lax regulations. As Ohio Attorney General he took several banks to court alleging abusive mortgage practices. Barack Obama said: ... http://www.euronews.net/
Просмотров: 1343 euronews (in English)
Obama Announces Financial Help for US Homeowners
U.S. President Barack Obama, on a three-day trip to the western United States, outlined an initiative aimed at helping troubled homeowners at a stop in Las Vegas, Nevada. VOA's Mike O'Sullivan reports from Los Angeles that Obama, who is locked in a battle with Congress over his jobs creation bill, announced a mortgage assistance plan that bypasses U.S. lawmakers.
Просмотров: 2304 VOA News
Nomi Prins on Bernanke's testimony, Obama's Mortgage Plan and Greece's missed "Bailout" Deadline
Follow us @ http://twitter.com/laurenlyster http://twitter.com/coveringdelta Federal Reserve Chairman Ben Bernanke testified before the Senate today - last week he testified before the House - and the media wanted to hear if the "good" US jobs report, which came out since he last spoke, changes anything about monetary policy. The jobs report has been deemed "good" because the headline unemployment number went down a little to 8.3%. Bernanke actually said this understates the weakness of the labor market, but do these monthly numbers matter at all? People who crunch the numbers seem to say no. David Stockman, Ronald Reagan's former budget director in an email that's been made public wrote you basically can pick and choose what you want from the reports to support your thesis but, "In short, if you spend a little time with these numbers you will know that they are being made up." John Mauldin, financial expert was writing about something similar that these numbers are subject to large revisions up or down - so take them with a grain of salt. So if that's the case and the Bureau of Labor Statistics is the emperor wearing no clothes, coming out with these meaningless numbers each month, why are markets and the media glued to them? We will be speaking with Nomi Prins during the show, and will ask her what she things about this purported oddity of markets hanging on news that the may see as highly dubious. And speaking of news the markets and media hang on - Greek leaders are still in talks over a debt deal - and the markets are doing their usual finger-biting as they wait for some "resolution." The Greek government and its Troika "partners" did agree to some more cuts to public workers, but forget the market and look at the reaction on the streets of Greece. Scenes of protesters burning the German flag, chanting "out with the nazis." So how long will Greeks continue to bear the weight of austerity with no light at the end of the tunnel, and bear policies being pushed by people they don't know, working together with politicians they don't trust? Again, we will ask Nomi Prins what she thinks about this, and if she believes that these policies are there to help the people or to help the creditors, and by extension the banks. And in the US 40 states have signed onto a $25 billion dollar settlement with the five biggest banks guilty of foreclosure abuses such as 'robo signing' of documents -- but who would this provide relief to, homeowners? Or big banks. We speak about all of this with Nomi Prins, author of "Black Tuesday" and a former managing director of Goldman Sachs. Plus, is US President Barack Obama a hypocrite for backtracking on Super PAC money (now he wants it) and is the US exerting "extra--territoriality" with regulations on financial markets? With Demetri out sick, the Alyona Show's Alyona Minkovski joins Lauren and Shannon to give her two cents in Loose Change.
Просмотров: 6693 CapitalAccount
Bank of America Mortgage Initiative
CBS MoneyWatch's Jill Schlesinger discussed Bank of America's initiative to reduce mortgage totals for certain borrowers. The programs is by invitation only.
Просмотров: 256 CBS News
US trying to stabilize fragile economy by Bank of America’s settlement
Bank of America’s offer to settle investigations into its sale of toxic mortgage securities is another attempt by the United States to maintain stability in its fragile economy, an analyst says. “This is obviously just another attempt to maintain stability in a totally fragile international financial system and to maintain as much of the fictitious value of the banks as is possible,” Bill Jones from Executive Intelligence Review told Press TV on Saturday. “This has been the policy of the Obama administration in context of a debate going on in Congress, where they want bank separation that is realizing that most of the present financial system is based on fictitious values, they’re calling for separating the legitimate banking operations from all this fluff that exists in the financial system,” he added. Bank of America offered to pay nearly $17 billion to settle investigations into its shoddy mortgage conducts ahead of the financial crisis of 2008. The settlement deal, which is the biggest in US history if formally announced, came after the Justice Department rejected another settlement offer from the bank last week. The deal was reached July 30 during a phone conversation between Attorney General Eric Holder and Brian Moynihan, CEO of the nation's second-largest bank. The deal surpasses a similar $13 billion settlement with JPMorgan Chase last November. “The banks of course don’t want that because they expect payment for these fictitious values they’re holding, so the administration which effectively bailed out the financial system has to be seen doing something to ‘get tough with the banks, but their getting tough is a really a compromise on trying to save as much as can be saved of the worthless values,” Jones said. “It’s simply a fight among thieves both of them are trying to maintain the value of the theft that has been made against the consumer and against the population by this whole bubble economy and they just have to come to a conclusion on where they want to land up on that,” he concluded.
Просмотров: 292 PressTV
What The $25B Mortgage Deal Means To America's Biggest Banks
National mortgage settlement removes the foreclosure overhang, but is no panacea. Read More On Forbes: What's In Settlement?: http://onforb.es/zJ73Le Impact On Banks: http://onforb.es/whFCmQ MERS Lawsuit: http://onforb.es/xMXkGy
Просмотров: 2033 Forbes
Obama Admin Blocks Bank Investigations?
Efforts by New York Attorney General Eric Schneiderman have motivated AG's in other states to investigate banks for questionable mortgage practices. Why is the Obama Administration interfering? The Young Turks host Cenk Uygur explains. Source: http://www.nytimes.com/2011/08/22/business/schneiderman-is-said-to-face-pressure-to-back-bank-deal.html The Largest Online News Show in the World. Google+: http://www.gplus.to/TheYoungTurks Facebook: Twitter: http://twitter.com/intent/user?screen_name=theyoungturks Support TYT for FREE: http://bit.ly/eWuu5i
Просмотров: 35297 The Young Turks
Obama: Mortgage Deal Turns Page on Reckless Era
President Barack Obama says a $25 billion settlement between mortgage lenders and states over foreclosure abuses "will begin to turn the page on an era of recklessness that has left so much damage in its wake." (Feb. 9)
Просмотров: 1407 Associated Press
President Obama Speaks on Landmark Housing Settlement with Banks
The President announces a landmark settlement between the government and the nation's largest banks that will speed relief to the hardest-hit homeowners, end some of the most abusive practices of the mortgage industry, and begin to turn the page on an era of recklessness that has left so much damage in its wake. February 9, 2012.
Просмотров: 8105 The Obama White House
Obama Details Broader Housing Plan
President Barack Obama says the nation's housing crisis is damaging not only the U.S. economy, but also what it means to be middle class in America. (Feb. 1)
Просмотров: 41569 Associated Press
Obama Admin Protecting Criminal Banks
Efforts by New York Attorney General Eric Schneiderman have motivated AG's in other states to investigate banks for questionable mortgage practices. Why is the Obama Administration interfering? The Young Turks host Cenk Uygur explains. The Largest Online News Show in the World. Google+: http://www.gplus.to/TheYoungTurks Facebook: Twitter: http://twitter.com/intent/user?screen_name=theyoungturks Support TYT for FREE: http://bit.ly/eWuu5i Source: http://www.huffingtonpost.com/2011/08/23/new-york-attorney-general-eric-schneiderman_n_934517.html
Просмотров: 22764 The Young Turks
Obama's plans for the housing market
During an exclusive CBS Town Hall meeting, President Obama addresses America's mortgage crisis and what his plans are for the future of the housing market.
Просмотров: 375 CBS
Would Obama's Refinancing Plan Boost Ailing Housing Market?
With millions of Americans "underwater" on their mortgages and millions of homes facing foreclosure, President Obama unveiled a revamped home-loan refinancing program Monday during a stop in Nevada, which has the country's highest foreclosure rate. Judy Woodruff and guests examine the politics and substance of the plan.
Просмотров: 1969 PBS NewsHour
Deutsche Bank Sued by U.S. Over Mortgage Practices
May 3 (Bloomberg) -- Deutsche Bank AG, Germany's biggest bank, was sued for more than $1 billion by the U.S. government, which claims it "repeatedly lied" so that thousands of risky mortgages qualified for a government insurance program. Bloomberg's Su Keenan reports. (Source: Bloomberg)
Просмотров: 273 Bloomberg
Schneiderman Announces Historic $16.65 Billion Settlement With Bank Of America
As co-chair of President Obama's Residential Mortgage-Backed Securities Working Group, Attorney General Schneiderman announced a $16.65 billion settlement with Bank of America to resolve charges of misconduct by the bank, which helped cause the 2008 financial crisis. The settlement - the largest in U.S. history with a single institution - will also net $800 million for New York, including $300 million in cash and $500 million worth of direct consumer relief. Press Release: http://on.ny.gov/1ro4n8F
Просмотров: 573 New York Attorney General - Archived
Obama on access to government backed home loans
President Obama spoke with KTVN2's Kristen Remington on his economic plan for rural Americans, the access to government backed home loans, and how he will gain the support of recent graduates in Nevada.
Просмотров: 223 CBS News
Fannie, Freddie, The Future: Reforming The US Mortgage System
Speakers: Dwight Jaffee, Willis Booth Professor of Banking, Finance, and Real Estate, Haas School of Business, UC Berkeley; Lawrence H. Parks, Federal Home Loan Bank of San Francisco; Christopher George, Residential President, California Mortgage Bankers Association Sponsor: Berkeley Program on Housing and Urban Policy http://urbanpolicy.berkeley.edu/
Просмотров: 1280 UC Berkeley Events
Weak Bank Foreclosure Abuse Settlement By Obama Admin
The proposed Obama Administration settlement for mortgage lenders that engaged in widespread foreclosure abuses is a weak slap on the wrist for banks according to consumer advocates and liberal activists. The Young Turks host Cenk Uygur explains. http://www.washingtonpost.com/business/economy/settlement-with-mortgage-lenders-inadequate-activists-say/2012/01/23/gIQAGNzDMQ_story.html Feds Won't Prosecute Banks Despite Evidence Of Crimes: http://www.youtube.com/watch?v=L-yqXnzBmLk Subscribe to The Young Turks: http://bit.ly/eWuu5i The Largest Online New Show in the World. Google+: http://www.gplus.to/TheYoungTurks Facebook: Twitter: http://twitter.com/theyoungturks
Просмотров: 16437 The Young Turks
Obama on Landmark Housing Settlement with Banks
U.S. Attorney General Eric Holder, Department of Housing and Urban Development (HUD) Secretary Shaun Donovan, Iowa Attorney General Tom Miller and Colorado Attorney General John W. Suthers announced today that the federal government and 49 state attorneys general have reached a landmark $25 billion agreement with the nation?s five largest mortgage servicers to address mortgage loan servicing and foreclosure abuses. The agreement provides substantial financial relief to homeowners and establishes significant new homeowner protections for the future. The unprecedented joint agreement is the largest federal-state civil settlement ever obtained and is the result of extensive investigations by federal agencies, including the Department of Justice, HUD and the HUD Office of the Inspector General (HUD-OIG), and state attorneys general and state banking regulators across the country. The joint federal-state group entered into the agreement with the nation?s five largest mortgage servicers: Bank of America Corporation, JPMorgan Chase Co., Wells Fargo Company, Citigroup Inc. and Ally Financial Inc. (formerly GMAC). About the agreement President Obama said "We have reached a landmark settlement with the nation?s largest banks that will speed relief to the hardest-hit homeowners, end some of the most abusive practices of the mortgage industry, and begin to turn the page on an era of recklessness that has left so much damage in its wake."
Просмотров: 1462 Michael McIntee
Obama's financial practices 'Dishonest Pretend Schemes'
According to a whistleblower's complaint unsealed in federal court yesterday, Bank of America NA prevented homeowners from receiving mortgage-loan modifications under the federal government's HAMP program in order to avoid millions of dollars in losses, while benefiting from financial incentives for participating in the program. It raises a lot of questions about all of the new assistance Bank of America is supposed to provide through the recent fraud foreclosure settlement. Roosevelt Institute's Matt Stoller discusses. Twitter: http://twitter.com/#!/TheAlyonaShow Facebook: http://www.facebook.com/TheAlyonaShow
Просмотров: 2027 TheAlyonaShow
$25 Billion Mortgage Settlement - Albany Real Estate Attorney - Banks Housing Crisis - Obama
President Barack Obama announced a 25 billion dollar settlement between the federal government and big banks after the housing bubble crisis. Albany NY Real Estate Lawyer Graig Zappia provides legal perspective on what this means for homeowners and their mortgage. Visit http://www.tullylegal.com to find a Capital Region real estate attorney. For Graig Zappia's full bio, visit: http://www.tullylegal.com/our-team/graigzappia
Просмотров: 316 Tully Rinckey
New Second Mortgage Modifications
http://www.cambridge-credit.org -- President Obama recently announced that his housing initiative was ready to expand to include second mortgage modifications. The Administration believes that ensuring a homeowners ability to stay in their home is critical to stabilizing the housing market. Once thats achieved, the logic is that the overall financial system will recover in turn. Watch this week's webisode from Cambridge Credit Counseling Corp. to learn more. Host: Community Outreach Director, Thomas J. Fox. Transcription: Hello, and welcome to Your Money 2.0. I’m Thomas Fox, Community Outreach Director at Cambridge Credit Counseling. The Obama Administration’s Making Home Affordable program has drawn a fair amount of criticism since it was announced. However, with 6 million families facing foreclosure in the coming years and countless others struggling to stay current on their mortgage payments, help was needed. The plan’s detractors focused on the omission of second mortgage modifications. Why should they be included? Second mortgages often complicate or prevent the modification or refinancing of a first mortgage because borrowers require permission from any second lien holder before an adjustment can be made. Now that 75% of mortgage servicers have begun participating in the Making Home Affordable program, President Obama recently announced that his housing initiative was ready to expand to include second mortgage modifications. The Administration believes that ensuring a homeowner’s ability to stay in their home is critical to stabilizing the housing market. Once that’s achieved, the logic is that the overall financial system will recover in turn. Given the popularity of second mortgages, it stands to reason that they’ve been included in the Making Home Affordable program. This new provision will help those with amortizing loans and those with interest-only loans. For traditional amortizing loans, or loans with monthly payments consisting of interest and principal, the administration will share the cost of reducing the interest rate on the second mortgage to 1%. Participating servicers will be required to follow specific steps to modify such loans. First, and most important, servicers must be willing to reduce interest rate to 1 percent. They’ll also need to extend the term of the modified second mortgage to the term of the modified first mortgage. After five years, the interest rate on the second lien will increase to the current interest rate on the modified first mortgage, subject to an interest rate cap. For interest-only loans, the administration will share the cost of reducing the interest rate on the second mortgage to 2%. Similarly, servicers of interest-only mortgages will need to adhere to guidelines similar to those I just outlined for amortizing loans. Alternatively, servicers will have the option to “extinguish” the second lien in return for a lump sum payment from the government, according to a pre-set formula determined by the Treasury Department. Unfortunately, because the formula equates to just pennies on the dollar, only time will tell if many servicers agree to extinguish these liens. The administration's second mortgage initiative will be funded out of $50 billion in financial rescue money that has already been allocated. As in the original plan, participation is encouraged through financial incentives that can be paid to servicers. Mortgage companies would receive $500 for each modified loan, plus $250 a year for three years, providing the borrower doesn't default. You can learn more about the Making Home Affordable program by visiting www.makinghomeaffordable.gov. Well, that’s it for this edition. We welcome your feedback and ask for your thoughts and suggestions by e-mailing us at yourmoney2@cambridgecredit.org. Thank you for watching. Until next time, I’m Thomas Fox for Cambridge Credit Counseling.
Просмотров: 2331 Cambridge Credit Counseling Corp.
Housing Secretary Outlines Obama Mortgage Refinance Plan
Secretary of Housing and Urban Development, Shaun Donovan answers questions from the press about President Obama's plan to help families who are having trouble meeting their mortgage payments. Donovan told the press: "There were a number of pieces to what the President talked about today, but most importantly, he talked about middle-class families who have been playing by the rules, doing everything right, paying their mortgages on time, and have not been able to benefit from record-low interest rates. Through strong administrative action, as part of our We Can't Wait efforts across the administration, last fall we took very important steps to open up refinancing for Fannie Mae and Freddie Mac borrowers who are underwater. But today we still have too many families who may live next door to a family that, just like them, is paying their bills on time with their mortgage, and only because they have a Fannie Mae or a Freddie Mac or an FHA mortgage, they've been able to lower their bills by an average of $3,000, and as a result help not only themselves, their neighborhood, but also the economy more broadly. And yet we have other families who are in exactly the same position, been responsible, and yet because they don't have a Fannie Mae or a Freddie Mac or an FHA mortgage, have been unable to benefit from the lowest interest rates in half a century. As the President said in his State of the Union, we need to get back to American values that are about everybody being responsible, playing by the same set of rules, and everybody having a fair shake if they're doing the right thing and being responsible. That's what fundamentally this announcement was about today -- was making sure that those families, any family that's doing the right thing, can benefit from the record-low interest rates that we have today. The second main point that he made was about needing strong, clear rules of the road for how our mortgage system is going to operate going forward. And so he announced a Homeowner Bill of Rights that will make sure that when a family is making the single-most important economic decision of their lives, purchasing a home, that they will get fair, simple, transparent treatment. No hidden fees; clear explanation on a single, short form of what they are signing up for, without conflicts of interest. And not only when they buy their home but as they pay their mortgage over time, as a mortgage is what we call serviced by an institution after they bought that home, that they can expect to be treated fairly and transparently as well. No more lost paperwork while they are trying to get help. No more getting a foreclosure notice while they?re negotiating with their servicer because they?ve lost their job or had a medical emergency, and a very clear right of appeal where they may be going through a foreclosure if they?ve been treated wrongly or wrongly foreclosed on. Those are the simple, straightforward principles that were in that Homeowner Bill of Rights, and that was the other major piece of what the President talked about this morning."
Просмотров: 363 Michael McIntee
Obama's Mortgage Task Force is a Joke
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 Subscribe to The Young Turks: http://bit.ly/eWuu5i The Largest Online New Show in the World. Facebook: Twitter: http://twitter.com/theyoungturks Google+: http://www.gplus.to/TheYoungTurks Pinterest: http://pinterest.com/tytnetwork/
Просмотров: 20499 The Young Turks
The real truth about the 2008 financial crisis | Brian S. Wesbury | TEDxCountyLineRoad
This talk was given at a local TEDx event, produced independently of the TED Conferences. The Great Economic Myth of 2008, challenging the accounting to accounting principal. Brian Wesbury is Chief Economist at First Trust Advisors L.P., a financial services firm based in Wheaton, Illinois. Mr. Wesbury has been a member of the Academic Advisory Council of the Federal Reserve Bank of Chicago since 1999. In 2012, he was named a Fellow of the George W. Bush Presidential Center in Dallas, TX where he works closely with its 4%-Growth Project. His writing appears in various magazines, newspapers and blogs, and he appears regularly on Fox, Bloomberg, CNBCand BNN Canada TV. In 1995 and 1996, he served as Chief Economist for the Joint Economic Committee of the U.S. Congress. The Wall Street Journal ranked Mr. Wesbury the nation’s #1 U.S. economic forecaster in 2001, and USA Today ranked him as one of the nation’s top 10 forecasters in 2004. Mr. Wesbury began his career in 1982 at the Harris Bank in Chicago. Former positions include Vice President and Economist for the Chicago Corporation and Senior Vice President and Chief Economist for Griffin, Kubik, Stephens, & Thompson. Mr. Wesbury received an M.B.A. from Northwestern University’s Kellogg Graduate School of Management, and a B.A. in Economics from the University of Montana. McGraw-Hill published his first book, The New Era of Wealth, in October 1999. His most recent book, It’s Not As Bad As You Think, was published in November 2009 by John Wiley & Sons. In 2011, Mr. Wesbury received the University of Montana’s Distinguished Alumni Award. This award honors outstanding alumni who have “brought honor to the University, the state or the nation.” There have been 267 recipients of this award out of a potential pool of 91,000 graduates. About TEDx, x = independently organized event In the spirit of ideas worth spreading, TEDx is a program of local, self-organized events that bring people together to share a TED-like experience. At a TEDx event, TEDTalks video and live speakers combine to spark deep discussion and connection in a small group. These local, self-organized events are branded TEDx, where x = independently organized TED event. The TED Conference provides general guidance for the TEDx program, but individual TEDx events are self-organized.* (*Subject to certain rules and regulations)
Просмотров: 1873870 TEDx Talks
[373] Rising US mortgage rates and the Canadian housing slowdown
Americans’ combined wealth set a fresh record in Q1! That’s all according to a recently released Federal Reserve report that now puts total American wealth at $84.9 trillion. That number was calculated by looking at the value of homes, stocks, and other assets minus debts and other liabilities. According to the report, those factors caused net worth to rise by about $1.6 trillion between January and March of this year. Boom Bust’s Ameera David weighs in. Then, Ameera sits down with RT correspondent Lindsay France to talk about the Trans-Pacific Partnership. The House of Representatives delivered a blow, though perhaps a temporary one, to President Obama's fast track bill on Friday. Afterwards, Bianca Facchinei takes a look at the infamously secretive Bilderberg meeting, which kicked off in Austria on Thursday – much to the dismay of ardent critics, who believe its purpose is to plan a world government. In The Big Deal, Ameera is joined by Edward Harrison to discuss Canada’s housing prices. Edward interprets the recent data released and tells us why places like Toronto and Vancouver haven’t succumbed the same fate. They also discuss what impact the recent rise in US mortgage rates will have on the US economy And finally, RT correspondent Anya Parampil takes a look at the revolving door between government and business in the United States. Take a look! Check us out on Facebook -- and feel free to ask us questions: http://www.facebook.com/BoomBustRT http://www.facebook.com/harrison.writedowns http://www.facebook.com/erinade2020 Follow us @ http://twitter.com/ErinAde http://twitter.com/edwardnh
Просмотров: 6069 Boom Bust
President Obama Announces Financial Regulation Reform
As the culmination of a months-long process in which the President consulted with the most expert and experienced regulators, leaders in Congress, and his entire economic team, he announces his vision for desperately needed financial regulatory reform. A major brick in the new foundation for Americas economy. June 17, 2009. (Public Domain)
Просмотров: 17658 The Obama White House
`People are going to hate Obama`
People didn`t like George Bush, but they are going to hate Barack Obama says Alex Jones, an American radio show host and documentary film-maker.
Просмотров: 172263 RT
Obamacare Has Screwed Up The American Economy - Dave Ramsey Rant
Learn to budget, beat debt, & build a legacy. Visit the online store today: https://goo.gl/GjPwhe Subscribe to stay up to date with the latest videos: http://www.youtube.com/user/DaveRamseyShow?sub_confirmation=1 Welcome to The Dave Ramsey Show like you've never seen it before. The show live streams on YouTube M-F 2-5pm ET! Watch Dave live in studio every day and see behind-the-scenes action from Dave's producers. Watch video profiles of debt-free callers and see them call in live from Ramsey Solutions. During breaks, you'll see exclusive content from people like Rachel Cruze, and Chris Hogan, Christy Wright and Chris Brown —as well as all kinds of other video pieces that we'll unveil every day. The Dave Ramsey Show channel will change the way you experience one of the most popular radio shows in the country!
Просмотров: 310678 The Dave Ramsey Show
The 2008 Financial Crisis: Crash Course Economics #12
Today on Crash Course Economics, Adriene and Jacob talk about the 2008 financial crisis and the US Goverment's response to the troubles. So, all this starts with home mortgages, and the use of mortgages as an investment instrument. For years, it seemed like the US housing market would go up and up. Like a bubble or something. It turns out it was a bubble. But not the good kind. And the government response was...interesting. Anyway, why are you reading this? Watch the video! More Financial Crisis Resources: Financial Crisis Inquiry Report: http://www.gpo.gov/fdsys/pkg/GPO-FCIC/pdf/GPO-FCIC.pdf TAL: Giant Pool of Money: http://www.thisamericanlife.org/radio-archives/episode/355/the-giant-pool-of-money Timeline of the crisis: https://www.stlouisfed.org/financial-crisis/full-timeline http://www.economist.com/news/schoolsbrief/21584534-effects-financial-crisis-are-still-being-felt-five-years-article Crash Course is on Patreon! You can support us directly by signing up at http://www.patreon.com/crashcourse Thanks to the following Patrons for their generous monthly contributions that help keep Crash Course free for everyone forever: Fatima Iqbal, Penelope Flagg, Eugenia Karlson, Alex S, Jirat, Tim Curwick, Christy Huddleston, Eric Kitchen, Moritz Schmidt, Today I Found Out, Avi Yashchin, Chris Peters, Eric Knight, Jacob Ash, Simun Niclasen, Jan Schmid, Elliot Beter, Sandra Aft, SR Foxley, Ian Dundore, Daniel Baulig, Jason A Saslow, Robert Kunz, Jessica Wode, Steve Marshall, Anna-Ester Volozh, Christian, Caleb Weeks, Jeffrey Thompson, James Craver, and Markus Persson -- Want to find Crash Course elsewhere on the internet? Facebook - http://www.facebook.com/YouTubeCrashCourse Twitter - http://www.twitter.com/TheCrashCourse Tumblr - http://thecrashcourse.tumblr.com Support Crash Course on Patreon: http://patreon.com/crashcourse CC Kids: http://www.youtube.com/crashcoursekids
Просмотров: 1460880 CrashCourse
It's Looking Like An Election ~ Cashless Society ~ Martial Law? Truth? ~~~Nancy
Fear is being spread about talk of army tanks in the streets in California - about the threat of martial law coming on the horizon. Cashless Society ~ Looking Like an Election?! https://youtu.be/XLDF7lKtJe8 And the banks shutting us out. I looked at one story about a man (see links below) who's money (cash) was refused by a bank in Calif. in payment of his monthly mortgage payment of some 1,300.00. I watched the video he posted and then I searched for some answers. What came out was that his home had just 'flipped into' forclosure and the process of setting up a payment plan would be the next step. What I can see is that a) the payment amount may change and b) lots of paper work would have to be generated and signed so that the payment could be proberly received by the banks computer system - as well as any mortgage company involved, etc. However at that time - this man capatilized on what appeared to be the bank refusing his money- and went on to 'expose' the bank - through social media, for not accepting his payment. This is one case of fear being thrown into our faces about a 'cashless money system' being instilled in the U.S. It could and may happen anyway - but fear tactics like this aren't a healthy thing for our minds - or our society. This also makes me doubtful of other fear involking chatter. When will we know the real thing as long as fearful 'false alarms' keep happening. ~~~Nancy Gurish Your Health And Tech Friend P.S. There is a 'submit button' to be an 'election worker' at the Board of Elections in Cuyahoga County; that system seems to be in place. Looks like an election so far. --- "Now that you’ve seen the video of Robert Somerton not able to make a cash payment for his home mortgage at a Bank of America branch, what are your opinions? Is this truly a sign of society moving towards cashless money, or was this possibly an isolated incident?" Read more at http://www.inquisitr.com/1752043/watch-as-bank-of-america-refuses-customers-cash-payment-on-mortgage-than-calls-police/#U4iBrFrFAOVTZLZ7.99" --- Susan Posal ~ Army Training ~ Tanks On Streets Obama Will Declare Martial Law To Stop Trump From Becoming President -- Fema Camps? 2016 The Truth Channel http://www.bbc.com/news/election-us-2016-37854525 "Man's Money (Cash) was refused at bank for mortgage payment" "Our banking centers are fully ready to accept cash for mortgage payments. When an account is in foreclosure, the customer must have already arranged through a formal payment plan before we would be in a position to accept a one month payment." Read more at http://www.inquisitr.com/1752043/watch-as-bank-of-america-refuses-customers-cash-payment-on-mortgage-than-calls-police/#U4iBrFrFAOVTZLZ7.99 http://www.inquisitr.com/1752043/watch-as-bank-of-america-refuses-customers-cash-payment-on-mortgage-than-calls-police/ What are the chances that Barack Obama will again be president... https://www.quora.com/What-are-the-chances-that-Barack-Obama-will-again-become-the-president-of-the-United-States-of-America-in-the-election-of-2016 Can Obama use martial law to keep the White House after 2016 election? Widespread anarchy gripping the country could be reason enough for the Obama administration to announce the implementation of martial law and the suspension of some, if not all, of Americans’ constitutionally protected rights — including the right to vote and hold national elections. August 3, 2016 Read more at http://www.commdiginews.com/politics-2/ben-carson-might-obama-cancel-the-2016-election-28523/#V7ExUVDt8aDdMX33.99 / Become An Election Official http://boe.cuyahogacounty.us/en-US/becomeapollworker.aspx PLEASE SUBSCRIBE TO ALL 4 OF MY CHANNELS! ~~~Nancy's Store! Where I'll Recommend Products I Use! http://astore.amazon.com/youheaandte0f-20 Please subscribe for more of my videos! ~~~Nancy http://goo.gl/ESNGuO Please join my Buttercup Community! http://goo.gl/OYMVbS LET'S CONNECT! ~~~Nancy's Store! Where I'll Recommend Products I Use! http://astore.amazon.com/youheaandte0f-20 Google Plus https://plus.google.com/+NancyKonciljaGurish Twitter https://twitter.com/GurishNancy Facebook https://www.facebook.com/nancy.gurish Pinterest https://www.pinterest.com/nancykgurish/your-health-and-tech-friend/ My other Youtube Channels! Nancy Koncilja-Gurish https://www.youtube.com/user/nancykonciljagurish Vlog 'Behind The Scenes' ~~~Nancy https://www.youtube.com/channel/UCO--CKXgtYDd1mAYooXrk2A Your Health And Tech Friend https://www.youtube.com/channel/UCmM1OdWxcUFBlt8GCLhZ9aA Spiritual Walkway https://www.youtube.com/channel/UC1Rvm8R7kcp1fl9-TuP0vnQ My Blog! ~~~Nancy http://www.yourhealthandwaterfriend.blogspot.com/index.html#! My Internet Magazine ~~~Nancy Your Health And Tech Friend Magazine http://www.yourhealthandtechfriend.org/nancykgurish/hmpg029-000-000-010.php
Просмотров: 205 Nancy Gurish
Millennials unwilling to fill out mortgage paperwork: Massi
“Property Man” Host Bob Massi on the pulse of the U.S. housing market.
Просмотров: 5879 Fox Business
Should Government Bail Out Big Banks?
Should the government bail out big banks that may otherwise go bankrupt? Or should it let them go under, as it did with Lehman Brothers in 2008? Economist Nicole Gelinas, a fellow at the Manhattan Institute, has the answer, and it will have big implications for policymakers when they grapple with the next economic crisis. Donate today to PragerU! http://l.prageru.com/2ylo1Yt Joining PragerU is free! Sign up now to get all our videos as soon as they're released. http://prageru.com/signup Download Pragerpedia on your iPhone or Android! Thousands of sources and facts at your fingertips. iPhone: http://l.prageru.com/2dlsnbG Android: http://l.prageru.com/2dlsS5e Join Prager United to get new swag every quarter, exclusive early access to our videos, and an annual TownHall phone call with Dennis Prager! http://l.prageru.com/2c9n6ys Join PragerU's text list to have these videos, free merchandise giveaways and breaking announcements sent directly to your phone! https://optin.mobiniti.com/prageru Do you shop on Amazon? Click https://smile.amazon.com and a percentage of every Amazon purchase will be donated to PragerU. Same great products. Same low price. Shopping made meaningful. VISIT PragerU! https://www.prageru.com FOLLOW us! Facebook: https://www.facebook.com/prageru Twitter: https://twitter.com/prageru Instagram: https://instagram.com/prageru/ PragerU is on Snapchat! JOIN PragerFORCE! For Students: http://l.prageru.com/29SgPaX JOIN our Educators Network! http://l.prageru.com/2c8vsff Script: In 2008, America experienced the biggest meltdown of its financial sector since the Great Depression. The conventional wisdom is that this failure and subsequent government rescue, commonly known as "the bailout" was brought about by three decades of bank de-regulation. There were a lot of causes for the meltdown, but deregulation wasn't one of them. Ironically, it wasn't because the banks had become unmoored from government control that led them into the financial storm, it was because they had become too closely tied to government. For three decades Uncle Sam, like an enabling parent, had always "been there" when the big banks got into trouble. The shock in 2008 was that for one brief moment, Uncle Sam wasn't there. In the wee hours of September 15, 2008, Lehman Brothers filed for bankruptcy. The financial industry waited for the Feds to step in and save Lehman bondholders like it saved those of Bear Stearns some months earlier. That didn't happen. Global financial markets seized up. As the Dow Jones Industrial average fell 498 points, or nearly 4.4 percent, financial institutions effectively went on strike. Banks wouldn't lend money to other banks and thus, indirectly, to the public because they had no idea which financial institution might go belly up next. The economy can withstand a stock-market crash, but a credit-market freeze -- essentially a cash freeze -- can cause a Depression, as credit underpins almost all business and personal activities. Indeed, some large companies, including General Electric, were so dependent on these short-term credit markets that they were in danger of not being able to pay their workers. The financial industry pleaded with the government to act. Later in the same day, September 15, it did. The Feds wouldn't save Lehman's but it would save AIG, the primary insurer of mortgage loans. A month later, the Troubled Asset Relief Program (TARP), a $700 billion plan to pump taxpayer cash into America's banks and financial institutions was approved by Congress. Public officials generally agreed that the free market had failed. In November 2008, President George W. Bush came to New York to explain why he, a Republican president, had signed TARP into law. "I'm a market-oriented guy, but not when I'm faced with the prospect of a global meltdown," he said. But free-market capitalism had not melted down. Again, the problem was not that banks had been too free, but that they had grown too dependent on government over the last few decades. Here's a brief history. America's first post-Depression bailout of a big bank came in 1984 when the Republican administration of Ronald Reagan, with help from the Federal Reserve bailed out Continental Illinois, the eighth largest commercial bank in the nation. The bailout introduced the phrase "too big to fail" to the financial media's vocabulary. For the complete script, visit https://www.prageru.com/videos/should-government-bail-out-big-banks
Просмотров: 798629 PragerU
Mortgage Fraud and the Ultimate NO BID CONTRACT
Homeowner Stability Act-- help for homeowners or just another Government scam? The Making Home Affordable program will offer assistance to as many as 7 to 9 million homeowners making a good-faith effort to make their mortgage payments, while attempting to prevent the destructive impact of the housing crisis on families and communities. It will not provide money to speculators, and it will target support to the working homeowners who have made every possible effort to stay current on their mortgage payments. Just as the American Recovery and Reinvestment Act works to save or create several million new jobs and the Financial Stability Plan works to get credit flowing, the Making Home Affordable program will support a recovery in the housing market and ensure that these workers can continue paying off their mortgages. By supporting low mortgage rates by strengthening confidence in Fannie Mae and Freddie Mac, providing up to 4 to 5 million homeowners with new access to refinancing and creating a comprehensive stability initiative to offer reduced monthly payments for up to 3 to 4 million at-risk homeowners, this plan brings together the government, lenders, loan servicers, investors and borrowers to share responsibility towards ensuring working Americans can afford to stay in their homes. US Treasury- Do I qualify for a mortgage abatement, reduction, rewrite, modification Mortgage Debt Relief Act forgiveness relief mortgage backed securities ron paul alex jones peter schiff george soros burning down the house real estate rick santelli we the people campaign for liberty bailout scam fraud ponzi madoff congress senate dems republicans democrats depression recession http://www.mutualfundcenter.com http://www.atlanticfinancial.com http://www.fentonreport.com/2004/08/16/health-living/scam-artists/72 http://www.fentonreport.com/2004/08/23/trends/the-internet-is-dead-%c2%a0%c2%a0-i-don%e2%80%99t-think-so/73 http://www.fentonreport.com/2004/08/30/economy/who-is-alan-greenspan/74
Просмотров: 1869 Bruce Fenton
53 Charged in Id Theft, Bank Fraud Scheme
Federal prosecutors in New Jersey say 53 people are charged in a widespread identity theft and fraud investigation. The U.S. Attorney's Office says the scheme spanned several states. (Sept. 16)
Просмотров: 2802 Associated Press
Trump Owes BIG Money To Bank
A big conflict of interest is on the horizon for Trump. Will he get out of it? Cenk Uygur, Ana Kasparian, Ben Mankiewicz, and Jimmy Dore, hosts of The Young Turks, break it down. Tell us what you think in the comment section below. https://www.tytnetwork.com/go “For years,Donald Trump has used a powerful tool when dealing with bankers: his personal guarantee. Now that guarantee -- employed to extract better terms on hundreds of millions of dollars of loans to theTrump Organization -- is at the center of a delicate loan-restructuring discussion at Deutsche Bank AG, which is under investigation on several fronts by the U.S. Department of Justice. The bank is trying to restructure some of Trump’s roughly $300 million debt as part of an attempt to reduce any conflict of interest between the loan and his presidency, according to a person familiar with the matter. Normally, the removal of a personal pledge might lead to more-stringent terms. But there is little normal about this interaction. Trump’s attorney general will inherit an investigation of Deutsche Bank related to stock trades for rich clients in Russia -- where Trump says he plans to improve relations -- and may have to deal with a possible multibillion-dollar penalty to the bank related to mortgage-bond investigations. Whatever terms a restructured loan might include, they will reflect the complex new relationship spawned between Germany’s largest bank and its highest-profile client. Ethicists say this concerns them.” Read more here: http://finance.yahoo.com/news/trump-may-300-million-conflict-100103088.html Hosts: Cenk Uygur, Ana Kasparian, Ben Mankiewicz, Jimmy Dore Cast: Cenk Uygur, Ana Kasparian, Ben Mankiewicz, Jimmy Dore *** The Largest Online News Show in the World. Hosted by Cenk Uygur and Ana Kasparian. LIVE STREAMING weekdays 6-8pm ET. http://www.tytnetwork.com/live Young Turk (n), 1. Young progressive or insurgent member of an institution, movement, or political party. 2. Young person who rebels against authority or societal expectations. Trump's Romney Relationship I(American Heritage Dictionary) Download audio and video of the full two hour show on-demand + the members-only post game show by becoming a member at http://www.tytnetwork.com/join/. Your membership supports the day to day operations and is vital for our continued success and growth. Get The Young Turks Mobile App Today! Download the iOS version here: https://itunes.apple.com/us/app/the-young-turks/id412793195?ls=1&mt=8 Download the Android version here: https://play.google.com/store/apps/details?id=com.tyt
Просмотров: 291011 The Young Turks
Americans still losing homes
The $26 billion National Mortgage Settlement, was supposed to hold big banks accountable for the U.S. mortgage crisis, and help struggling homeowners. Banks say they have already given back billions of dollars in aid, but people are still losing their homes. In California very little of the settlement money has gone to principal reduction. RT America LIVE http://rt.com/on-air/rt-america-air/ Subscribe to RT America! http://www.youtube.com/subscription_center?add_user=RTAmerica Like us on Facebook http://www.facebook.com/RTAmerica Follow us on Twitter http://twitter.com/RT_America
Просмотров: 4204 RT America
Will The $26 Billion Mortgage Settlement Help You?
Transcription: Hello and welcome to Your Money 2.0. I'm Thomas Fox, community outreach director at Cambridge Credit Counseling. From the beginning of 2007 until early 2012, approximately 4 million families lost their homes to foreclosure. While the wave of foreclosures was unsettling, the stories that emerged in 2010 about the process being riddled with sloppy record-keeping are far more disturbing. These issues came to light because of the practice known as robo-signing through which families lost their homes based on forged or unreviewed documents. After a year of investigations and negotiations, the state attorneys general and the federal government announced a 26 billion dollar settlement with five of the biggest mortgage lenders over improprieties from robo-signing to failing to negotiate in good faith with homeowners. Those lenders include Bank of America, JPMorgan, Chase, Wells Fargo, Citigroup, and Ally Financial. How do we get here and what's this settlement offer? Let’s take a look. Over the last decade, homeownership exploded across the United States. Banks and other lenders spend billions of dollars to develop a seamless operation that took new mortgages, bundled them into securities, and sold them as investments. While, I'm not going to get into the depth of shenanigans evolved in this approach suffice it to say things that not work out is the lenders and investors had anticipated. When borrowers began to default banks found themselves in a game of catch-up and they failed to devote enough manpower to deal with the magnitude of the crisis. The institutions inability to keep up with homeowners requests for work out agreements forced them to cut corners. When lenders began robo-signing foreclosures they landed in the crosses of just about every consumer advocate and lawmaker. Instead of the required review of documents lenders had automated the process and inadvertently began foreclosing on homeowners who are not in default or owed no money. That’s the background, let's review the settlement. The terms require the five lenders to contribute at least ten billion dollars for reducing principles on loans for borrowers who are either delinquent or an imminent risk of default and are underwater, meaning they owe more on their mortgage in their home are worth. At least three billion dollars is earmarked for refinancing loans for borrowers current on their mortgages and underwater. Up to seven billion dollars will go towards other kinds of assistance, including forbearance of principal for unemployed borrows, anti-blight programs, and short sales. One of the more controversial portions of the settlement is the 1.5 billion dollars set aside for cash payments to borrows whose homes were sold or taken in foreclosure between January 1st 2008 and December 31st 2011. Officials estimate that as many as 750,000 borrowers could receive checks for 1500 to 2000 dollars, which barely covers the cost of title insurance or moving. The settlement also calls for three and a half billion dollars to be used to repay public funds loss as a result of services misconduct and to fund housing counselors, legal aid, and other public programs determined by the attorneys general. However, many states are already considering those funds to fill budget shortfalls or help with other programs such as prolong unemployment. An additional 1 billion dollars will be paid by Bank of America to resolve a separate federal investigation related to a legend wrongful conduct involving inflated appraisals of Federal Housing Administration insured mortgages. Half of that 1 billion dollars will be used to fund a loan modification program for countrywide borrowers who are underwater on their mortgages. Federal and state officials promoted the settlement as a significant step in holding the banks accountable for abusive and illegal foreclosure paperwork practices and as one will provide relief to homeowners. However despite the billions secured to help homeowners, the aide will help a relatively small portion of the millions of borrowers who are delinquent and facing foreclosure. Especially since mortgages owned by the government's housing finance agencies, Fannie Mae and Freddie Mac, will not be covered under the deal. That excludes about half of the nation's mortgages. The door is still open for further actions against the banking industry. Prosecutors and regulators still have the right to investigate other elements that contributed to the housing bubble, like the Assembly of risky mortgages into securities that were later sold to investors and soured as well as insurance and tax fraud. The official settlement has yet to be released, but we'll keep you up to date as more information becomes available. Until next time, I'm Thomas Fox for Cambridge Credit Counseling.
Просмотров: 555 Cambridge Credit Counseling Corp.
Obama should save the banks, not the bankers
More at http://therealnews.com/t/index.php?option=com_content&task=view&id=102 Tom Ferguson: Stimulus package is dangerously small; plan for toxic assets shovels money to bankers
Просмотров: 3546 TheRealNews
Alex Jones - The Obama Deception
Controversial film by director Alex Jones Interesting but lacking some facts From Jones: description: "The Obama Deception is a hard-hitting film that completely destroys the myth that Barack Obama is working for the best interests of the American people. The Obama phenomenon is a hoax carefully crafted by the captains of the New World Order. He is being pushed as savior in an attempt to con the American people into accepting global slavery. We have reached a critical juncture in the New World Order's plans. It's not about Left or Right: it's about a One World Government. The international banks plan to loot the people of the United States and turn them into slaves on a Global Plantation." http://www.mutualfundcenter.com http://www.atlanticfinancial.com http://www.fentonreport.com/2002/02/25/wealth-management/charitable-giving/real-estate-values-and-schools/21 http://www.fentonreport.com/2002/04/08/wealth-management/ira-retirement-planning/fitness-for-retirement/22 http://www.fentonreport.com/2002/04/29/wealth-management/real-estate/insurance-on-property/23
Просмотров: 7393 Bruce Fenton
Obama's America: Progress Is Poison
The Peter Schiff Show - 12/7/2011 Follow me on Twitter @SchiffRadio
Просмотров: 36778 Peter Schiff
http://www.pbs.org/billmoyers The financial industry brought the economy to its knees, but how did they get away with it? With the nation wondering how to hold the bankers accountable, Bill Moyers sits down with Bill Black, the former senior regulator who cracked down on banks during the savings and loan crisis of the 1980s. Black offers his analysis of what went wrong and his critique of the bailout. This show aired April 3, 2009. Bill Moyers Journal airs Fridays at 9 p.m. on PBS (check local listings). For more: http://www.pbs.org/billmoyers
Просмотров: 207456 PBS
Stop Paying Your Mortgage - Stay in your Home
Should you stop paying your mortgage & remain in your home ? Updated: March 24th 2011 .... Read this important article on how JP Morgan Chase runs their illegal corrupt foreclosure operation................STUNNING SECRET REVEALED.....CHASE EMPLOYEE TELLS ALL.....BANKS ARE IN THE FORECLOSURE BUSINESS http://webcache.googleusercontent.com/search?q=cache:jdKAmrhQhaAJ:foreclosureblues.wordpress.com/2010/09/11/stunning-secret-revealed-banks-are-in-the-foreclosure-business-2/+Mortgage+Strike+secret+revealed&cd=20&hl=en&ct=clnk&gl=us&source=www.google.com ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Udated March 23RD 2011 .... secret plan revealed: mortgage revolt scheduled for may 2011 http://www.youtube.com/watch?v=JnakdRdh7Es Mortgage Strike revolt Steve Lerner FULL Uncut Version. May 2011 ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ recently UDATED Febuary 24th 2011...........Just stop paying your mortgage. Don't walk away. Stay in your house .... In certain States, they are so backed up, it takes a long time for banks to foreclose. Check your area, and call your local attroney for average times you can stay in your house. If your mortgage does become the property of Uncle Sam, the growingly popular impulse to "just walk away" should be replaced by "just stay and stop paying." No one will throw you out. After a few months, or years, of living payment free, you will get a call from a motivated government agent eager to adjust your loan into something affordable. Great information: please read and reread these: "Just stop paying your mortgage" by Peter Schiff Schiff ,Peter is president of Euro Pacific Capital and author of "The Little Book of Bull Moves in Bear Markets." http://www.signonsandiego.com/uniontrib/20081010/news_lz1e10schiff.html ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ http://www.mortgagefit.com/second/mtg-chargeoff-1.html http://webcache.googleusercontent.com/search?q=cache:9eFJoHe41NgJ:www.wisebread.com/should-we-all-just-stop-paying-the-mortgage+stop+paying+mortgage+what+happens&cd=5&hl=en&ct=clnk&gl=us&source=www.google.com ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ please post your comments on your experience ! with bankers, mortgage companies Etc. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ This is an open forum video to President Obama, Senators, Congress, & all Criminal Bankers. We are in a housing crisis and little is being done to help homeowners. If you are in foreclosure, or entering foreclosure, please leave a comment on this video. Let us hope this country wakes up to the plight of American Homewoners. They can't throw 12 million people out of their homes. ! people are losing their homes at an unprecedented rate, and a man in Ohio recently bulldozed his home so the bankers could not have it. http://news.bostonherald.com/business/real_estate/view/20100226is_obama_hamp-ering_recovery_gop_anti-foreclosure_program_could_prolong_housing_slump/srvc=home&position=also This is a problem of mammoth proportions, Goodman said. You cant throw 12 million people out of their homes, so you need a successful modification program. My fear is that this isnt it, but Im highly confident that the administration will continue to iterate until they succeed. The Treasury proposal would require all borrowers who are 60 or more days delinquent on their mortgage to be sought out for participation in HAMP. Mortgage companies would need to try to contact the borrower at least four times by phone and twice by certified mail over 30 or more days before going to foreclosure. Under current Treasury policy, foreclosure proceedings are only halted when a borrower receives a permanent modification plan. House Republicans criticized HAMP as a failure today, saying in a report that it is prolonging the economic crisis and harming homeowners. By every empirical measure, HAMP has failed, according to the 18-page report released by Republicans on the House Oversight and Government Reform Committee. In its current form, HAMP both hurts homeowners who might otherwise spend their trial-period mortgage payments on rent and also distorts the housing market, delaying any recovery. http://www.bloomberg.com/apps/news?pid=20601087&sid=ahuuwBS8KYq8 ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ tags: Steve Lerner SEIU wallstreet revolt mortgagestrike stock market crash radio patriot JPMorgan Chasebank DOJ Students capitalism wealthpower jeffbeck pace university unions communityorganizers strike demonstrations homeowners foreclosures USdebt Whitehouse Obama Mortgageprograms HAMP fanniemae freddiemac Coalition bent on Destroying US Capitalism by wealth redistribution .... Left's Economic Terrorism Playbook....
Просмотров: 17372 dennismassa
Don't Burn the Mortgage
Wondering whether to use discretionary funds to pay down your mortgage? Chris Farrell has a few words of caution.
Просмотров: 3171 AmericanPublicMedia