Need a home loan? New England Mortgage Corp. cuts out the middleman. Located in Nashua, New Hampshire, this direct lender makes the final decision on your loan, letting you fund your purchase and close escrow quickly. Get the funding you need at FNEM!
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This is a response to the poor video at http://www.youtube.com/watch?v=2PlzAIURH6o
UPDATE: This user pulled the video due to lack of facts and has reloaded it at http://www.youtube.com/watch?v=maWr_ZEaR5g
In short (the rest of the detailed information is at the link on the bottom), Fannie Mae (Federal National Mortgage Association) and Freddie Mac (Federal Home Loan Mortgage Corporation) were the main causes of the housing market collapse and subsequent economic downturn.
They engaged in massive amounts of subprime lending (Alt-A mortages, “stated income, stated asset” loans, no down payments, etc) to the tune of over $1.6 trillion and sold these back on the market as mortgage-backed securities.
Clinton’s HUD ratcheted up the subprime (lending to “underserved”, low-income and very low-income areas) lending quotas of the Community Reinvestment Act and here we are now.
It’s no surprise that AIG, Countrywide, IndyMac and Washington Mutual were heavily invested in these mortgage-backed securities. Call your Senators and Congressman. Demand that Freddie Mac and Fannie Mae be elimintated.
http://www.freewebs.com/professor_enigma/fanniemaefreddiemac.htm
Part II of our video response is at http://www.youtube.com/watch?v=rkGE9P2aYZY
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Is Your Mortgage Loan Illegal?
Sue Your Lender® performs predatory mortgage audits for attorneys and consumers and we are finding legal violations on over 80% of the loans we review. Meaning, there is an 8 in 10 chance that the law has been violated on your mortgage and you might be able to use these legal violations to sue your lender. We help homeowners discover how the Truth in Lending Act can help stop foreclosure.
For more information visit our site at www.sueyourlender.net
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Predatory Lending, Mortgage Fraud,Real Estate,Foreclosure,Subprime,FBI,FDIC,Bailout, Judicial Injustice,Value inflated 136%, BB&T Bank,loan, congress, Judicial Injustice, Adjustable Rate,News,CNN, Mortgage
Duration : 0:5:2
Whether your are buying your first home, or financing a rental or vacation home, Hanson Mortgage Corp has the right program for you. Serving VT, NY, and FL since 2000, we are a licensed residential mortgage broker committed to finding you great rates and low costs. Call us today for a free estimate 802-879-3950.
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Hanson Mortgage Corp is a Vermont family owned mortgage company licensed in VT, NY and FL. Call us today for all of your new construction financing needs. 802-879-3950. We offer free preapprovals over the phone in about 5 minutes.
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Call LJL Funding in San Diego, CA at (866) 415-1871.
Direct specialty private money lenders providing a fast turn around on files so you can get your hard to close borrowers funded quickly. Call to attend an investors meeting!
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company and mortage since 2000 which foster thousands of banks, credit union as well as thousands of brokers and private hard money lenders in every state of United State of America as well as International lending and lending in other countries.
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