Rich Iacovetta of RMI Lending discusses the latest mortgage news. http://www.fbfriday.com for your latest mortgage and financial news with a humorous twist.

A Long Island couple is home free after an outraged judge gave them an amazing Thanksgiving present — canceling their debt to those ruthless bankers that were trying to toss them out on the street.

Suffolk county Judge Jeffrey Spinner wiped out $525,000 in mortgage payments demanded by One West

Spinner pulled no punches and laid the smack down on the bankers of OneWest saying, I will strike down upon thee with great vengeance and furious anger. Ok, he didnt use those exact words, but that would have been the dialogue if I made the decision that left Diane and Greg Horoski, owing absolutely no money on their ranch house in East Patchogue NY.

This sets a VERY troubling legal precedent. A precedent that judges can forgive debt for citizens who legitimately owe the debt.

Duration : 0:3:3

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Technorati Tags: Bank, debt, interest rates, mortgage, OneWest, Patchogue, pay off mortgage

Homeowner Stability Act– help for homeowners or just another Government scam? The Making Home Affordable program will offer assistance to as many as 7 to 9 million homeowners making a good-faith effort to make their mortgage payments, while attempting to prevent the destructive impact of the housing crisis on families and communities. It will not provide money to speculators, and it will target support to the working homeowners who have made every possible effort to stay current on their mortgage payments. Just as the American Recovery and Reinvestment Act works to save or create several million new jobs and the Financial Stability Plan works to get credit flowing, the Making Home Affordable program will support a recovery in the housing market and ensure that these workers can continue paying off their mortgages. By supporting low mortgage rates by strengthening confidence in Fannie Mae and Freddie Mac, providing up to 4 to 5 million homeowners with new access to refinancing and creating a comprehensive stability initiative to offer reduced monthly payments for up to 3 to 4 million at-risk homeowners, this plan brings together the government, lenders, loan servicers, investors and borrowers to share responsibility towards ensuring working Americans can afford to stay in their homes.

US Treasury- Do I qualify for a mortgage abatement, reduction, rewrite, modification Mortgage Debt Relief Act forgiveness relief mortgage backed securities ron paul alex jones peter schiff george soros burning down the house real estate rick santelli we the people campaign for liberty bailout scam fraud ponzi madoff congress senate dems republicans democrats depression recession

http://www.mutualfundcenter.com

http://www.atlanticfinancial.com

http://www.fentonreport.com/2004/08/16/health-living/scam-artists/72

http://www.fentonreport.com/2004/08/23/trends/the-internet-is-dead-%c2%a0%c2%a0-i-don%e2%80%99t-think-so/73

http://www.fentonreport.com/2004/08/30/economy/who-is-alan-greenspan/74

Duration : 0:1:55

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Technorati Tags: act, bailout, banks, barney, countrywide, fannie, Foreclosure, frank, freddie, help, homeowners, mortgage, obama, scam, stability

For more than a year, Ron and Lynne Gigliello said they have been in home loan quicksand and they blame mistakes made by Bank of America.

Duration : 0:2:6

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Technorati Tags: America, Bank, Foreclosure, Gigliello, mortgage, of

Today, Attorney General Martha Coakley filed final, revised mortgage broker and mortgage lender regulations with the Secretary of State and has issued official guidance to the broker and lender community to help them understand and implement the new consumer protection regulations governing mortgage brokers and lenders. The regulations, which take effect on January 2, 2008, codify several forms of mortgage fraud and unfair lending which contributed to the recent meltdown in the subprime market and the resulting foreclosure crisis in the Commonwealth.

Duration : 0:5:54

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Technorati Tags: attorney, coakley, Foreclosure, fraud, general, lending, martha, massachusetts, mortgage, regulations, subprime

Today, Attorney General Martha Coakley filed final, revised mortgage broker and mortgage lender regulations with the Secretary of State and has issued official guidance to the broker and lender community to help them understand and implement the new consumer protection regulations governing mortgage brokers and lenders. The regulations, which take effect on January 2, 2008, codify several forms of mortgage fraud and unfair lending which contributed to the recent meltdown in the subprime market and the resulting foreclosure crisis in the Commonwealth.

Duration : 0:5:10

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Technorati Tags: attorney, coakley, Foreclosure, fraud, general, lending, martha, massachusetts, mortgage, regulations, subprime

http://www.FiremanBuysHouses.com Metro Atlanta Fireman/ Dad / Real Estate Investor offers help and solutions to those needing to sell their home quickly. Jimmy and his investor team buy homes for cash, can take over payments immediately, or lease purchase homes to qualified buyers. To find out more, simply complete our easy form at http://www.FiremanBuysHouses.com

Duration : 0:1:57

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Technorati Tags: atlanta, ayette, buying, clayton, concord, coweta, fast, fayetteville, firefighter, fireman, for rent, for sale, Foreclosure, georgia, griffin, hampton, henry, Home, Houses, investor, jimmy coley, lease purchase, locust grove, McDonough, meansville, mortgage, newnan, Owner finance, pike, property, real estate, Rent To Own, selling, Short Sale, upson, williamson, zebulon

FREE MP3 download of this song at http://hoskinson.net/music/

Robber Barons is on CNN ! http://www.ireport.com/docs/DOC-233730

This song goes out to all of you lucky bonus recipients at AIG. Instead of being out of a job and on the street as you should be, you are now pocketing $165 million in taxpayers’ dollars in “retention bonuses.” I thought that, in a capitalist economy, you were supposed to get bonuses for making money, not losing money. The joke’s on us, I guess.

Lyrics:

First Verse:

When we were young
We had so much fun
Playing the stock market all the time
We never lost a single dime

They said we couldnt lose
We’d retire early if we choose
Now the market’s tanking and there’s nothing we can do

Second Verse:

Was a time that just came and went
Where I was happy just paying rent
They said don’t be happy just getting by
Buy a house and get a piece of the pie

Don’t worry if you can’t afford it
Just sign here for this high interest mortgage
Now I’m underwater and my house is in foreclosure

Third Verse:

Here’s a tale I wish I didn’t have to tell
The Robber Barons just screwed us all to hell
Fat and happy in their Hampton Estates
Wrecking the economy and blaming fate

Now we’ve lost our 401ks
And we’ll have to work until our dying days
While the Robber Barons are cashing their bailout checks

Copyright (c) 2009, Andy Hoskinson – All rights reserved

Duration : 0:3:34

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Technorati Tags: 401k, aig, bailout, bonuses, checks, Foreclosure, greed, high, interest, market, mortgage, protest, song, stock, tanking

Tim Lewis discusses VA Loans and his experiences helping veterans through the VA home loan process at DirectVALoans.com.

Duration : 0:1:2

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Technorati Tags: benefits, Home, lender, Loan, loans, mortgage, officer, refinance, va, veteran

http://www.longislandbubble.com
This video is about predictions made Dec 31, 2006 by the bullshitters and bears of real estate as to what will happen to housing in 2007. I have added the aftermath so far; Peter Schiff has made some accurate predictions.

Duration : 0:4:20

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Technorati Tags: bubble, bust, buying, crash, default, economy, Foreclosure, Home, housing, island, long, mortgage, nassau, recession, schiff, Suffolk