MORTGAGE MELTDOWN WAS CAUSED MOSTLY BY PRIVATE LENDERS (refinancing mortgage with bad credit)
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MORTGAGE MELTDOWN WAS CAUSED MOSTLY BY PRIVATE LENDERS SarahJewsForJesus 2 min - Oct 9, 2008
JOHN MCKEATON5 MCCAIN OUTRAGEOUSLY VOTED AGAINST THE DOMESTIC VIOLENCE AGAINST WOMEN PROTECTION ACT TWICE AND JOHN MCLIAR MCCAIN DID VOTE AGAINST THE CIVIL RIGHTS ACT
WHOS TO FLAME FOR GAS PRICES, UNEMPLOYMENT HIGHEST IN 5 YEARS (DURING BUSHS TERM), WORLD DISRESPECTING THE USA, AND YES FORECLOSURES - HERE IS WHY IT IS THE REPUBLICANS FAULT..
MCCAINS HISTORY:
S&L SCANDAL - MCCAIN - KEATON CONTRIBUTIONS - 1987
MORTGAGE MELTDOWN - AMERIQUEST CONTRIBUTIONS - 2005
WALLSTREET BAILOUT - 2008
Here is how you got stuck paying the BAILOUT bill courtesy of Bush and McCain
MCCAIN RECEIVED MONTHLY CONTRIBUTIONS FROM THE AMERIQUEST MORTGAGE PRESIDENT FOR DEREGULATIONS FOR THE PRIVATE LENDER AND TO INCREASE PROFIT BY INCREASING INTEREST RATES ON EXISTING LOANS IN 2005.
WOW BUSH MCCAIN SCANDAL TIMELINE:
-THE MORTGAGE MELTDOWN WAS NOT THE DEMOCRATS, CONSUMER, OR HOMEOWNERS FAULT, IT WAS THE POOR NAVE GREEDY AND FAIL REPUBLICAN LEADERSHIP WITH REPUBLICAN SUPPORT
-BUSH/MCCAIN BOTH HAVE A LONGTERM RELATIONSHIP WITH AMERIQUEST PRESIDENT ROLAND E. ARNALL
-BUSHS NAVITY & GREED WANTED TO RAISE INTEREST RATES TO INCREASE BANK REVENUE LIKE OUR GAS PRICES - BANKS WERENT MAKING ENOUGH ON 3-5% INTEREST ONLY AND ADJUSTABLE ARM RATE LOANS
-GREENSPAN
REFUSED TO RAISE INTEREST RATES BECAUSE GREENSPAN KNEW IT WOULD OVER LOAD HOMEOWNERS BUDGETS AND TIGHTEN OUR ECONOMY FLOW.
-BUSH THEN REPLACED GREENSPAN ON JANUARY 31, 2006 FOR A YES MAN (like McCain and palin) WITH BEN BERNANKE.
-BEN BERNANKE THEN FOLLOWS BUSH ORDERS AND RAISES INTEREST RATES ON EXIST LOANS - YOUR MORTGAGE PAYMENT CONVENIENTLY GOES UP EVERY MONTH AND WHEN MOST ARMS WERE ABOUT TO EXPIRE
-NOW WITH THE HIGHER INTEREST RATES LESS PEOPLE CAN AFFORD YOUR HOUSE BECAUSE MONEY IS MORE EXPENSIVE TO BORROW FROM LENDERS
-MOST INTEREST ONLY AND ARM MORTGAGES WERE FROM PRIVATE LENDERS LIKE BUSH AND MCCAINS BUDDY THE PRESIDENT OF AMERIQUEST (On the same day that the White House announced that President Bush is nominating California billionaire Roland E. Arnall to be ambassador to the Netherlands, the company he controls said it would set aside $325 million for a possible settlement of allegations of predatory lending tactics.)
-MCCAIN ALSO HAD A CONTINUED RELATIONSHIP FOR YEARS WITH AMERIQUEST PRESIDENT Roland E. Arnall AND RECEIVED DE-REGULATION MONEY TO VOTE IN AND RALLY OTHER REPUBLICANS TO VOTE FOR GREENSPANS REPLACEMENT, BEN BERNANKE TO FOLLOW BUSH ORDERS WITHOUT BERNANKE INPUT OR CHALLENGE REGARDLESS OF WHAT IT WOULD DO TO THE AMERICAN PEOPLE.
-INTEREST RATES ARE RAISED TOO FAST TO KEEP UP WITH FAMILIES BUDGETS OR EVEN HAVING THE OPTIONS TO SELL BECAUSE NOW LESS PEOPLE CAN QUALIFY FOR MORTGAGE TO PURCHASE YOUR HOME.
-IT IS VERY VERY IMPORTANT THAT HOMEOWNERS KNOW - AT A 3-5% INTEREST RATE YOU ARE QUALIFIED FOR YOUR CURRENT OR YOUR PAST FORECLOSED HOME
-AT 8% OF COURSE YOU QUALIFY FOR A SMALLER LOAN BECAUSE MONEY IS MORE EXPENSIVE BORROW.
-BECAUSE OF THE FAILED AND NAVE GREED FROM BUSH WITH THE HELP OF MCCAINS SENATE VOTE TO PUT BEN BERNANKE IN GREENSPANS POSITION WE ARE NOW IN THIS HORRIBLE BAIL-OUT MESS
-ONCE THERE ARE LESS BUYERS IN YOUR NEW PRICE RANGE. YOUR HOME STAYS ON THE MARKET LONGER
-FORECLOSURES START TO INCREASE AT THIS TIME
-NOW YOU HAVE SLOWER SALES AND FORECLOSURES AS COMPS FOR NEW BUYERS WHO ARE TRYING TO QUALIFY FOR LOANS TO PURCHASE YOUR HOME.
-THUS LEADS TO THIS MARKET FROM THE CONTINUED INCREASE OF THIS CYCLE OVER AND OVER AGAIN COMPLIMENTS OF BUSH AND 90% MCCAIN -
-THANKS BUT NO THANKS - DARN ITS TO LATE FOR THAT
-THIS BAILOUT SHOULD HAVE BEEN STARTED FROM HOMEWONERS UP NOT WALLSTREET DOWN OVER TWO YEARS AGO LIKE OBAMA SUGGESTED
-THAT WOULD KEEP THE LOANS CURRENT WITH LESS CASUALTIES OF BUSH/MCCAINS CONTINUED POOR DECISIONS AND HORRIBLE NAVE MISTAKES
NOW HOW IS THIS THE DEMOCRATS FAULT OR THE HOMEOWNERS FAULT WHEN BUSH RAISED THE INTEREST RATES TOO HIGH AND TOO FAST TO RUN STEADY WITH THE MARKET
IT IS BUSH/MCCAINS FAULT AND ONLY THEIR FAULT
MCCAIN DID THIS BEFORE WITH THE S&L SCANDAL IN 1987 AND THEN CREATED AN ACT THAT MCCAIN DOESNT EVEN FOLLOW HIMSELF AND THE TAXPAYER HAD TO BAIL HIM OUT THEN TOO
THIS MELTDOWN IS 8 YEARS OF BUSHS/90%MCCAIN FAILED AND EMBARASSING ATTEMPT TO RUN OUR COUNTRY - WE HAD ENOUGH OF THE EPUBLICAN 6 PACK OF BEER AND PORK
ITS TIME TO GET THE DEMOCRATIC SUPLUS THAT BUSH WENT INTO OFFICE IN 2000 AFTER BILL CILNTON, THE DEMOCRATIC SYSTEM DOES NOT WORK WHEN BUSH/90% MCCAIN GREED IS INVOLVED, MOST FORECLOSURES WERE CAUSED BY THE INCREASED INTEREST RATES OF ARM AND INTERST ONLY MORTAGES, NOT THE BLAMED FANNIE AND FREDDIE MAC LIKE THE REPUBLICANS WANT YOU TO BELIEVE - IT IS THEIR FAULT..
Alexis Christoforous reports that first-time unemployment numbers are up; the markets had their worst January in history; and mortgage rates rose for the first time in five weeks.
All About Credit Scores
All About Credit Scores (C) 2006 Quicken Loans, Inc 2 min - Apr 18, 2006
Bob Walters of Quicken Loans discusses credit scores, what they mean and how they are compiled. Quicken Loans is America's #1 Online Mortgage Lender, and one of the largest home mortgage lenders nationwide! At Quicken Loans, We have more than 3,500 passionate home loan experts dedicated to getting you into the home of your dreams, and finding the right mortgage loan to save you thousands of dollars each year on your mortgage!
We're recognized by FORTUNE Magazine as one of the "100 Best Companies to Work For" in America. The Michigan Business & Professional Association named us one of its Top Ten Companies to Work For in Metro Detroit. In 2005, closed $16 billion in home mortgage loans. Quicken Loans Arena is home to the NBA's Cleveland Cavaliers. We have more than 20 years of mortgage lending experience. We close mortgages in all 50 states. We can process your mortgage in as few as 15 days. We have more than 150 mortgage programs, making it easy to choose the best fit for your situation. 9 out of 10 clients say they'd recommend Quicken Loans to others. We are the preferred mortgage lender for several of America's top companies, including AT&T, Google, Yahoo!, Compuware, EDS, Penske, and more! We offer a 30yr fixed mortgage, a 15yr fixed mortgage, an interest only mortgage, a home equity mortgage, an ARM mortgage, a smart choice mortgage, and other mortgage options.
"I'm Ready... To Buy A New Home" ceamarketing 30 sec - Apr 18, 2007
The Top 10 Reasons Why Now Is The Time
It's a Buyer's Market: Get more for your money: For the first time in a long time, relax. You're buying a home and you're in the driver's seat. At least for now, you can get a great deal on a new home in the Tampa Bay area. Builders are offering upgrades, mortgage interest buy-downs and a host of other incentives.
Tax Benefits: Looking for a way to lower your taxes? Who isn't? As a homeowner, if the value of your home exceeds your mortgage, you can subtract the interest incurred from your mortgage payment as well as deduct your property taxes from your taxable income, saving you money.
Great Selections: You're ready to move now. You don't want to wait 6 to 7 months for your dream home to be built. Plan a weekend to visit communities in Tampa Bay, and what you'll discover is an ample variety of move-in-now homes. The odds are likely you can find exactly what you're looking for already constructed. However, the supply won't last forever. As inventory shrinks, your move-in timeline expands and your fantastic selection will be gone.
Interest Rates: Interest rates are near historic lows and mortgage companies are offering more product choices than ever. It's hard to make history. These rates will not last long; and, once they start rising, they probably won't decrease to today's level any time soon. Take advantage while it lasts.
Equity: No one would be opposed to having some extra spending money. As your equity grows, you can use it to pay for your son's college expenses, that vintage Corvette you've been wanting for years, your eldest daughter's spring wedding, your looming retirement or for that second vacation home in Aspen. Your 401(k) should be so useful.
Leveraging: Make a down payment of as little as 5% of the value of the home. Earn returns based on the total value of the property. Plus, you get to live there. What's not to like about that?
Amenities: New construction comes with a lot of perks, not to mention more time. More time to spend enjoying your gourmet kitchen, pool and spa, tile and wood flooring, mini-spa bathroom, home theater and abundant space for your kids, pets, hobbies, guests and in-laws. Think about it. You could spend your time fixing it up, or spend your time living it up.
Energy and Resource Efficiency: Utility costs can really put a dent in your wallet. Builders realize the importance of making homes more energy-efficient, especially in Florida. That's why new homes are being constructed with resource-conserving materials and environmentally-conscious methods.
Construction Quality: Florida's building codes have changed dramatically, and newly-built homes in the Tampa Bay area are stronger, safer, more durable, more tightly constructed, better insulated, cheaper to insure and capable of withstanding the natural elements of our beautiful tropical environment.
Value Now: New homes prices in the Tampa Bay area are already a great value. As time goes on, cost increases for materials and labor, coupled with extensive government regulations, will only add to the price of a new home. Why wait and risk losing the best investment of your lives? It is truly a buyer's market and there's no better time to buy than now.
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