Ex-Marine Re-Occupies His Own Foreclosed Home in Fight Against Freddie Mac, JPMorgan Chase
democracynow.org – As Freddie Mac comes under scrutiny for betting billions on investments that profit if homeowners they issued loans to are locked into high interest mortgages, we speak with Arturo de los Santos, a US Marine veteran who was evicted last year in Riverside, California, after Freddie Mac and JP Morgan Chase foreclosed on his house last June. “We were trying to get the bank’s attention to review our case again. We could not believe that after they had evicted us, they modified our loan,” de los Santos says. “I called them and I told them, ‘I thought we were doing the loan modification.’ And they go, ‘Well, we have a loan modification department and a foreclosure department, and the foreclosure department decided to sell the house.’ So they sold the house.” De los Santos and his family re-occupied their home in December with help from the Occupy movement, but face eviction again this week. Towatch the complete daily, independent news hour, read the transcript, download the podcast, and for the additional Democracy Now! reports on the Occupy Wall Street movement, visit www.democracynow.org FOLLOW DEMOCRACY NOW! ONLINE: Facebook: www.facebook.com Twitter: @democracynow Subscribe on YouTube: www.youtube.com Listen on SoundCloud: www.soundcloud.com Daily Email News Digest: www.democracynow.org Please consider supporting independent media by making a donation to Democracy Now! today, visit www.democracynow.org
Meltdown – The Global Financial Crisis? pt 1of 4
www.peoplestandup.ca by Terrence MdKenna’s voice that this is from “DocZone,” a CBC.ca The credit crunch The global financial crisis (GFC) or global economic crisis is commonly believed to have begun in July 2007 with the credit crunch, when a loss of confidence by US investors in the value of sub-prime mortgages caused a liquidity crisis. This, in turn, resulted in the US Federal Bank injecting a large amount of capital into financial markets. By September 2008, the crisis had worsened as stock markets around the globe crashed and became highly volatile. Consumer confidence hit rock bottom as everyone tightened their belts in fear of what could lie ahead. The sub-prime crisis and housing bubble The housing market in the United States suffered greatly as many home owners who had taken out sub-prime loans found they were unable to meet their mortgage repayments. As the value of homes plummeted, the borrowers found themselves with negative equity. With a large number of borrowers defaulting on loans, banks were faced with a situation where the repossessed house and land was worth less on today’s market than the bank had loaned out originally. The banks had a liquidity crisis on their hands, and giving and obtaining loans became increasingly difficult as the fallout from the sub-prime lending bubble burst. This is commonly referred to as the credit crunch. Although the housing collapse in the United States is commonly referred to as the trigger for the global financial …
The Financial Crisis of 2008
The Financial Crisis of 2008 was an economic bubble that reached its limits and exploded. A bubble is simply where prices continue to rise beyond the true value. People buy, simply because they believe everybody else is going to buy. A bubble is based on speculation, expectation and ignorance. When these three elements collide it creates a crisis, which is often defined by irrational financial exuberance. The causes of the economic crisis of 2008 are related to the Bush administration’s attempt to finance the war in Iraq with, basically, inflation. The Federal Reserve cooperated by financing the Iraqi war, by essentially lending money to the American state. But printing new money out of thin air, actually devalues the national currency, this is called inflation. This cheap money went straight into the economy, particularly the residential housing market. As a consequence the demand for houses rose; and housing prices took off like a rocket in 2001. Thanks to inflation the prices further accelerated in 2004. More and more people took on mortgages based on cheap currency. The lenders then sold the mortgages as bundles to secondary investors, such as American banks. The American banks then sold their bundles to banks in other countries. This is how American debt spread around the world and became a real international financial crisis. European banks were selling and buying American mortgage as bundles. And all the while all of this was based on cheap money, with no value …
Video Rating: 5 / 5
Next Financial Crash: Buy Here Pay Here Used-Car Dealers
According to a report in the LA Times “Private equity firms are investing in chains of used-car lots, and auto loans are being packaged into securities much like subprime mortgages. They’re attracted by the industry’s average profit of 38% for each car sold…”. Guest hosts Richard Eskow and Brian Unger discuss on The Young Turks. Learn more here: www.latimes.com www.latimes.com Subscribe to The Young Turks: bit.ly The Largest Online New Show in the World. Google+: www.gplus.to Facebook: www.facebook.com Twitter: twitter.com
Banks threaten Americans with Foreclosure
All over the US people have foreclosed on their homes leaving the banks no option but to evict them. Some are saying that the banks get to much protection with government polices and many American seek legal help to prevent them from losing their homes. Who wins these legal battles for these mortgages? Sawsan Zaky, attorney for Cabanillas and Associates PC, shines some light on the situation. Follow Lauren on Twitter: twitter.com
Video Rating: 4 / 5
Paulson’s Hyperinflationary Folly! Endless Bailouts. The Current Economic System is Doomed.

FIRST: We must recognize the reality of a national emergency in the form of an accelerating, hyper-inflationary, general breakdown-crisis of the US banking and monetary system. This trend must be halted by emergency action in bankruptcy reorganization: All present plans for financial bail-out of Fannie Mae and Freddie Mac must be cancelled under threat of impeachment or similar action against any US officials caught in complicity with such an attempted, inherently fraudulent bail-out scheme for absolutely wrecking the USA financially in favor of London and Wall Street predators. Federal reorganization of the financial system in bankruptcy must occur immediately. We, as government, must be committed to pay what must be paid to maintain the general welfare of the population and of functions of Federal, state, and local government, and to freeze what can not be paid currently without damaging the payments which are of fundamental strategic and human interest. Many people have engaged in what are in fact, tolerated swindles, as typified by the disgusting matter of “golden parachutes,” while essential human interests of people who have earned their actual right to income are looted to pay for “golden parachutes” and comparable swindles. Those who managed the economy are those who are chiefly responsible for the failure which their reign induced; they should not claim too loudly what they did not actually earn by human standards for the proper meaning of “earning.” The word of …
Video Rating: 4 / 5
Tom Leykis: EIGHT Reasons NOT to Marry! Full Show
Pretty simple..Tom goes through 8 main reasons why men should not marry. There are more..but these are 8 basic reasons to start off with. Marriage Contract Corporate SCAM Links; www.usavsus.info “The marriage license is an ongoing contractual relationship with the State. Technically, the marriage license is a business license allowing the husband and wife, in the name of the marriage, to enter into contracts with third parties and contract mortgages and debts. They can get car loans, home mortgages, and installment debts in the name of the marriage because it is not only a secular enterprise, but it is looked upon by the State as a privileged business enterprise as well as a for-profit business enterprise. The marriage contract acquires property through out its existence and over time, it is hoped, increases in value. Also, the marriage contract “bears fruit” by adding children. If sometime later, the marriage fails, and a “divorce” results the contract continues in existence. The “divorce” is merely a contractual dissolution or amendment of the terms and conditions of the contract. Jurisdiction of the State over the marriage, over the husband and wife, now separated, continues and continues over all aspects of the marriage, over marital property and over children brought into the marriage. That is why family law and the Domestic Relations court calls “divorce” a dissolution of the marriage because the contract continues in operation but in amended or modified form. He …
Video Rating: 5 / 5
Hartmann: Why the 1% are Less Empathetic to the Poor
So doesn’t it just seem to you like the 1% just don’t give a damn about anyone else? That they lack basic empathy and compassion? This week – Bank of America got hit with a 5 million settlement for preying on minority homebuyers. Their subsidiary – Countrywide – systematically screwed over blacks and latinos – people who just walked in – looking to buy a home – and walked out with a subprime exploding mortgages – even though they qualified for the non-exploding normal mortgages that white people were getting Banksters looked at these prospective homebuyers not as customers – not as fellow Americans – not as neighbors or friends – but instead as suckers – people they could con into a crooked mortgage and walk away with extra fees. Where’s the compassion for your fellow man? Meanwhile – in the House of Representatives – Republicans – nearly half of whom are millionaires – have spent most of this week fighting an extention of the payroll tax cut and extended unemployment benefits for the jobless. They just don’t care about what a thousand dollar tax increase on 160 million Americans might mean: To many of them – like Darryl Issa – the second richest man in Congress – that’s just pocket change. They don’t understand what getting cut off from an unemployment check could do to a family. So they sit on their hands – or call unemployed people lazy – and tell the uninsured to take more responsibility for themselves. Where’s the empathy?
How Mortgages Work
www.MortgageWatchdog.co.uk A quick clip on how and what a mortgage really is. To grab your FREE copy of my Mortgage Bible visit my site.
Victory: ‘Occupy’ occupies seized homes
www.occupyourhomes.org my website contact www.facebook.com twitter.com/dennistrainorjr Occupy, ows, occupy homes, foreclosure, banks, mortgages, eviction, foreclosure auction, banks got bailed out we got sold out, dennis trainor jr, acronym, acronym tv
Video Rating: 4 / 5
MERS “Foreclosure Proof” Homes on Fox News Insider
stopforeclosurefraud.com for more info! Mortgage Electronic Registration Systems, Inc. (MERSCORP) In accordance with Title 17 USC Section 107, any copyrighted work in this message is distributed under fair use without profit or payment for non-profit research and educational purposes only. GRG [Ref. www.law.cornell.edu
Video Rating: 5 / 5
“Reverse Mortgages: The Real Story”
Here is an example of an Info-Video (also called “Infomercial”), that we produced for Academy Mortgage in the Baltimore Area. A great, creative opening, made Interview syle, with professional host Lee Hilk, and lots of testimonials, make this video a very powerful sales tool.
Video Rating: 0 / 5
Solution for “Upside Down” Mortgages – Just Walk Away
www.foreclosure-survival-guide.com One solution for “upside down” mortgages is for the distressed homeowner to just walk away. Short video explores this aspect of the foreclosure crisis.
Vancouver Mortgage Broker – 35 and 49 Year Mortgages
www.mortgagelocator.ca Rowan Smith, a Vancouver Mortgage Broker with The Mortgage centre, discusses the changes to 35 and 40 year mortgages. Rowan has been a top Vancouver mortgage broker for the past 5 years.
Calling on Mortgages – 20 DDAs, Morning Huddle, Bank
Funny script on making calls on mortgages in this economy.
Video Rating: 4 / 5