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http://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 crisis, some experts who have examined the events over the past few years, and indeed even politicians in the United States, may believe that the financial system was needed better regulation to discourage unscrupulous lending.

The global financial crisis enters a new phase
The collapse of Lehman Brothers on September 14, 2008 marked the beginning of a new phase in the global financial crisis. Governments around the world struggled to rescue giant financial institutions as the fallout from the housing and stock market collapse worsened. Many financial institutions continued to face serious liquidity issues. The Australian government announced the first of it’s stimulus packages aimed to jump-start the slowing economy.

The U.S. government proposed a $700 billion rescue plan, which subsequently failed to pass because some members of US Congress objected to the use of such a massive amount of taxpayer money being spent to bail out Wall Street investment bankers who some people may have believed could be one of the causes of the global financial crisis.

By September and October of 2008, people began investing heavily in gold, bonds and US dollar or Euro currency as it was seen as a safer alternative to the ailing housing or stock market.

In January of 2009 US President Obama proposed federal spending of around $1 trillion in an attempt to improve the state of the financial crisis. The Australian government also proposed another stimulus package, pledging to give cash handouts to tax payers, and spend more money on longer-term infrastructure projects.

Australia’s response to the global financial crisis – the first stimulus package
Australian prime minister Kevin Rudd and Treasurer Wayne Swan delivered their first budget in response to the global financial crisis, with the main objective being to fight inflation – a major problem in the local economy at the time.
The global financial crisis enters a new phase
The collapse of Lehman Brothers on September 14, 2008 marked the beginning of a new phase in the global financial crisis. Governments around the world struggled to rescue giant financial institutions as the fallout from the housing and stock market collapse worsened. Many financial institutions continued to face serious liquidity issues. The Australian government announced the first of it’s stimulus packages aimed to jump-start the slowing economy.

The U.S. government proposed a $700 billion rescue plan, which subsequently failed to pass because some members of US Congress objected to the use of such a massive amount of taxpayer money being spent to bail out Wall Street investment bankers who some people may have believed could be one of the causes of the global financial crisis.

By September and October of 2008, people began investing heavily in gold, bonds and US dollar or Euro currency as it was seen as a safer alternative to the ailing housing or stock market.

In January of 2009 US President Obama proposed federal spending of around $1 trillion in an attempt to improve the state of the financial crisis. The Australian government also proposed another stimulus package, pledging to give cash handouts to tax payers, and spend more money on longer-term infrastructure projects.

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At Cali Mortgage, a Sierra Pacific Mortgage Company, we promise to deliver the lowest interest rates available with superior customer service.
As a Direct Lender we offer the most aggressive rates in the market. With Cali Mortgage you will have no upfront fees and your Good Faith Estimate will be accurate.

For over 25 years now we have been helping families all over California purchase and refinance their homes with Conventional, FHA and Jumbo financing. Our professionalism and excellent work ethics will nurture your confidence and comfort level. Its home financing made easy!

GUARANTEED RATE AND FEES – FROM LOCK TO CLOSE

No additional fees and no surprises…It’s that simple!

With no application fee and no lock-in fee you have nothing to lose. Fast approvals and a streamline process you will wonder why you didn’t always go through Cali Mortgage!

We at Cali Mortgage would enjoy the opportunity to earn your business so please call today for a Good Faith Estimate at no cost or obligation.

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Technorati Tags: bank, CA Home Loan, California, California home loan, cash out refinance, Direct Lender, home buyer, home mortgage, Home Purchase, loan, lowest rates, mortgage, mortgage broker, real estate lender, refinance

For more information please visit http://www.Brookstone-Law.com or call Brookstone Law today! 1-800-304-1538.

Brookstone Law
4000 MacArthur Blvd., Suite 1110
Newport Beach, California 92660

http://www.Brookstone-Law.com

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Draper Utah is a booming area at the South end of Salt Lake County. Drapers residents expect the best when it comes to customer service. As a Resident for many years I feel that it was worth doing a video just for the people that were my neighbors to bring them up to speed on mortgage rates and programs available to them. We also want Draper Utah residents to know that there are experts that specialize in Mortgages in their own back yard. The Mortgage Solutions TEAM prides itself on being the most customer friendly and knowledgable team around. If we can help you in anyway, please let us know. Mortgage Solutions Team @ 801-230-3107 www.mymtgsolution.com

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Technorati Tags: bank, Business, cash, City, company, credit, Draper Utah, Draper Utah Mortgage company, Draper Utah Real Estate, estate, finance, financial, insurance, Lake, mortgage, mortgage loan, pay, real, refinance, Salt, Utah, Utahs lowest mortgage rates

Hey Everyone,
I just heard about the flip rules changing again. Be ready and take a look.

Give me a call if you or your clients need to get set up for a loan.

Ryan Hoffman
Loan Officer
Wholesale Capital Corp.
23328 Olivewood Plaza Drive
Moreno Valley CA 92553
Direct: 951-488-3114
Fax: 951-488-3214
Cell: 951-312-8650

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Technorati Tags: Amount, Angeles, bank, broker, Business, California, capital, cash, City, conv, conventional, Corp, Corporation, county, credit, Diego, direct, equity, FHA, finance, financial, flip, Government, H.A.R.P., HARP, home, insurance, interest, la, lender, loan, Los, los angeles, low, LTV, moreno valley, mortgage, murrieta, no, off, orange, Own, pay, Payoff, program, rate, refianance, rent, Riverside, rule, San, Temecula, Terms, Underwater, VA, vs, wholesale, Wholesale Capital

Not familiar with how seamlessly our different departments work together? Take a look and give me a call if you have a fianncing question or need to help your buyers get qualified.

Ryan Hoffman
Loan Officer
Wholesale Capital Corp.
23328 Olivewood Plaza Drive
Moreno Valley CA 92553
Direct: 951-488-3114
Fax: 951-488-3214
Cell: 951-312-8650
Email: RHoffman@wccloans.com

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Roll in to Space Coast Credit Union for a great deal on a first mortgage, or refinance your current mortgage. Loans close in as little as 8-10 days.

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December 6, 2011: In a Brooklyn neighborhood hard hit by the foreclosure crisis, Occupy Wall Street joins local community groups to reclaim a bank-owned property for a homeless family.

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Technorati Tags: #OccupyEastNY, 99%, bank, Bank of America, brooklyn, Civil Disobedience, community, Crisis, D6, December 6, East New York, economy, eviction, Extreme Home Takeover, foreclosure, Homeless, mortgage, nyc, NYCC, Occupy Our Homes, Occupy Wall Street, OWS, predatory lending, Recession, squat, squatter, subprime mortgage

this example shows the benefits of buying vs Renting. Note that if you live outside a metropolitan area such as LA or San Diego you can expect your benefit to be much much better. In Riverside county for example you can save about $400 a month without ever taking into account tax savings or appreciation.

Give me a call and we can discuss your specific situation.

Ryan Hoffman
Loan Officer
Wholesale Capital Corp.
23328 Olivewood Plaza Drive
Moreno Valley CA 92553
Direct: 951-488-3114
Fax: 951-488-3214
Cell: 951-312-8650
Email: RHoffman@wccloans.com

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Technorati Tags: Amount, Angeles, bank, broker, Business, California, cash, City, conv, conventional, Corp, Corporation, county, credit, Diego, direct, equity, FHA, finance, financial, Government, H.A.R.P., HARP, home, insurance, interest, la, lender, loan, Los, los angeles, low, LTV, moreno valley, mortgage, murrieta, no, off, orange, Own, pay, Payoff, program, rate, refianance, rent, Riverside, San, Temecula, Terms, Underwater, VA, vs, Wholesale Capital

Renovation/Construction Mortgage Video Blog.

If you are looking at building a new home or doing major renovations and need mortgage financing you will be looking at obtaining a construction mortgage. Construction mortgages are also referred to as a draw mortgage, builders mortgage, or renovation mortgage.

If you are building a home from the ground up on your own (called a self-build) or through a builder and you do not have enough cash to pay for the whole project (who does really) you will need to obtain a specific type of mortgage that deals with all the different stages of building a home.

Unlike a regular residential mortgage on a complete home where the lender funds all of the required money on the date of possession a construction mortgage is advanced in stages. There typically are 4 stages where funds can be advanced. Those include when the foundation is complete, when the home is at lock up stage (framed, rough electrical and plumbing, and windows and doors are in), drywall complete and ready for paint and then the rest will be advanced when the home is complete. In some cases there also may be an advance to cover some of the cost to purchase the land that the home is being built on.

A construction mortgage may also be required when completing a major renovation on an existing home. In this situation a specific advance schedule will be determined between the lender and the consumer.

If you are looking at building a new home or purchasing a home that needs a substantial renovation contact Stephen Foster at www.stephenfoster.ca or give him a call at 250-889-7862 to discuss any of your real estate needs.

For more information on construction mortgage or any other mortgage visit www.jasonroy.biz or contact Jason Roy Residential Mortgage Specialist with TMG — The Mortgage Group Canada at 1-866-612-1312

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Technorati Tags: bank, best rates, builders loan, builders mortgage, building a new home, construction loan, construction mortgage, draw mortgage, finance, financing, Interest Rates, Jason Roy, lender, mortgage, mortgage broker, mortgage broker Victoria, mortgage financing, mortgage rates, property for sale, rates, Realtor Victoria, renovating my home, renovation, renovations, Victoria Realtor, video, video blog