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Posts Tagged ‘market’

Episode 8 of the Simple Investor TV series featuring president of The Simple Investor, Todd C. Slater.
In this weeks episode Todd looks into the plausibility of RRSP mortgages, and weighs out the Positives vs. the Negatives between First Mortgages and Second Mortgages.

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Duration : 0:5:38

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When Fannie was strong, the housing market was strong. When the housing market was strong, our economy was strong. But certain people were jealous of Fannie’s power. Their desire to destroy Fannie Mae (by privatizing it) is well documented and goes back decades. And keep this in mind: the Bush White House quietly pulled its people out of Fannie Mae’s board room shortly before the investigation into Fannie’s accounting practices began. Coincidence? They seized upon the public’s reaction to the Enron scandal and went after Fannie under the guise of cracking down on “corporate crime” — it was the opportunity they’d been waiting for to hit Fannie hard.

Duration : 0:9:4

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http://www.kw.com Did you know that mortgage rates today are less than half of what they were in 1990? That means if you buy now, more of your mortgage will go into building equity instead of being lost as interest to the bank. Want to know more? Talk to your local real estate professional.

Duration : 0:0:19

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Technorati Tags: affordability, Budget, buyer, buyer's market, curb appeal, housing market, kw, market, mortgage, mortgage rates, rates, real estate, rent vs. buy, Seller, staging, tip, tips

Subprime the Musical- Series of light-hearted podcasts designed to explain the Subprime Mortgage Crisis. To learn more visit:
www.subprimethemusical.wordpress.com
In this podcast, I explain how Freddie Mac and Fannie Mae started taking on more risk, and how Wall Street’s sudden desire to get in on the mortgage market, may have encouraged Freddie and Fannie to get more into the risky mortgage market.
E-mail: moneyandsociety@gmail.com

Duration : 0:3:7

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Technorati Tags: Alt, Fannie, Freddie, Mac, Mae, market, mortgage, mortgages, Secondary, Subprime

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.

Duration : 0:44:58

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Shrinking inventory and all-time low mortgage rates could help turn the housing market around. CBS News MoneyWatch senior editor-at-large Jill Schlesinger reports.

Duration : 0:2:13

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Technorati Tags: bottom, buy, cbsepisode, housing, jill, low, market, money, moneywatch, mortgage, qualify, rate, schlesinger, sell, value

As Americans wait for the real estate market to recover, many homeowners who can afford their current mortgage are considering walking away from their mortgage obligations. “It is a business decision,” most would say, “banks do it all the time when it serves their best interest.”

So, should you walk away from your mortgage?

http://sccrealestateuncensored.com/

http://micasamidinero.com/

Duration : 0:10:22

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Mortgage Broker, Yamila Ayad, shares her views on the San Diego housing crisis and how easy it used to be to get a home loan and how difficult it can be today.

Duration : 0:5:30

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Technorati Tags: Crisis, economy, home, housing, kpbs, market, mortgage

Chapter Two of A WSJ series: What was going through the minds of CEOs, corporate boards, fund managers and mortgage lenders as they created hard-to-understand derivatives Warren Buffett once called “weapons of financial mass destruction.”

Duration : 0:9:25

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MARKET MELTDOWN

Duration : 0:3:13

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Technorati Tags: Cramer, jim, market, Meltodwn