Mortgage Town

Borrowing for the future

Daurio Says FHA Mortgage Auctions May Miss Expectations

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Oct. 25 (Bloomberg) — Jon Daurio, founder of Kondaur Capital, talks about the Federal Housing Administration’s plan to auction thousands of defaulted Mortgages at prices marked down by as much as 65 percent.
If the pilot works as planned, the government mortgage insurer will cut its losses by avoiding foreclosures while giving borrowers a better chance of remaining in their homes. He speaks with Lisa Murphy on Bloomberg Television’s “Street Smart.” (Source: Bloomberg)

Duration : 0:4:31

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Beyoncé “Countdown” Parody: Student Loan Countdown

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http://clicktotweet.com/2CvAa Click to tweet this Beyoncé parody!
Please favorite, like and share on Twitter and Facebook!

Lyrics:

Loooooaaaaaaannnnsss…..
Oh my credit is dropping
and they still keep calling
nothing else has changed
I can’t pay you
Oh you must be crazy,
payments are monthly no
can’t do this on my own
sallie mae,
I can’t pay
off my student Loans

they’re calling me at 10
i’m strssing on the 9
I’ve barely even 8
i’m not so lucky 7
they ring again at 6
let me call you back in 5
what are they looking 4
i’m trying to pay all 3
called my mother 2
but i’m not the only 1

went off to school to get my education
little did i know debt was part of the equation
could of dropped out but that’s a bad situation
if you don’t pay up they’ll garnish your wages

sallie mae and the government make bank
if i default
but i can’t find a job
so that’s not my fault

me and my boo yeah we wanna get married
my debt is a load that we both gotta carry
didn’t know my interest rate would be 12%
payments just high as New York City rent

Oh, should I stand out on wall street?
would that even help me?
Not sure what I should do. Barack are you listening?
Oh, can I get a forebearance?
No help from my parents
I’m doing this on my own
Sallie Mae I can’t pay off my student loans

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Music video by Beyoncé performing Countdown
Music video by Beyoncé performing Countdown
Music video by Beyoncé performing Countdown

Duration : 0:1:44

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Miller Says FHFA Mortgage-Fraud Lawsuit Hurts Housing

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Sept. 2 (Bloomberg) — Paul Miller, managing director at FBR Capital Markets Corp., talks about a potential lawsuit by the U.S. Federal Housing Finance Agency against Bank of America Corp. and other lenders over faulty Mortgage Loans.
Miller speaks with Adam Johnson on Bloomberg Television’s “Fast Forward.” (Source: Bloomberg)

Duration : 0:4:25

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Eisenbeis Says Fed Credibility Suffers on Secret Loans

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Aug. 22 (Bloomberg) — Robert Eisenbeis, chief monetary economist at Cumberland Advisors Inc., talks about $1.2 trillion of public money the U.S. Federal Reserve secretly Loaned to Wall Street banks and other companies.
Eisenbeis, speaking with Mark Crumpton on Bloomberg Television’s “Bottom Line,” also discusses the outlook for Fed monetary policy and the U.S. economy. (Source: Bloomberg)

Duration : 0:6:19

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Mortgage Back Security Overview

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Basics of how a Mortgage back security works

Duration : 0:2:3

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How Much Money Did The Federal Reserve Loan Banks During The Financial Crisis?

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August 22, 2011 CURRENT TV Keith Olbermann
http://MOXNews.com

Duration : 0:6:50

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BankUnited’s Kanas Says Community Banks Lack Loan Demand

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Aug. 17 (Bloomberg) — John Kanas, chief executive officer of BankUnited Inc., talks about the outlook for bank consolidation, consumer Loan demand and the U.S. economy.
Kanas speaks with Erik Schatzker and Maryam Nemazee on Bloomberg Television’s “InsideTrack.” (Source: Bloomberg)

Duration : 0:5:55

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Charles Sees Another $25 Billion in BofA Mortgage Losses

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Aug. 11 (Bloomberg) — Brian Charles, an analyst at RW Pressprich & Co., talks about Bank of America Corp.’s stock performance and the impact Mortgage-related losses may have on the company.
Charles, speaking with Erik Schatzker on Bloomberg Television’s “InsideTrack,” also discusses Bank of America’s Chief Executive Officer Brian Moynihan. (Source: Bloomberg)

Duration : 0:4:18

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Richardson Sees `Irony’ in Fannie, Freddie Cut by S&P

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Aug. 8 (Bloomberg) — Bloomberg Government analyst Nela Richardson talks about Standard & Poor’s downgrade of the credit ratings for Fannie Mae and Freddie Mac to AA+ from AAA and the impact on Mortgage rates.
Richardson speaks with Lisa Murphy on Bloomberg Television’s “InBusiness With Margaret Brennan.” (Source: Bloomberg)

Duration : 0:4:0

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Barofsky Says Banks May Face More Mortgage Litigation

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Aug. 10 (Bloomberg) — Neil Barofsky, former special inspector general for the Troubled Asset Relief Program and a Bloomberg Television contributing editor, talks about possible lawsuits facing Goldman Sachs Group Inc. and other U.S. banks over sales of Mortgage-backed securities.
The National Credit Union Administration is seeking damages in excess of $491 million from Goldman Sachs in a lawsuit filed yesterday. Barofsky speaks with Erik Schatzker on Bloomberg Television’s “InsideTrack.” (Source: Bloomberg)

Duration : 0:5:21

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