hsabernie

This program will take your fear away of buying a home in case you have wondered if your pink slip was coming from work.
You have to check out this video I did.

Please call me ASAP for more information
310-918-9102 Direct# or email me at calihomeloan4u@gmail.com
or bernie@summitrealtygrp.com
Tagged: 1st time home buyer, Apartments, BANK OWNED, BANK OWNED [...]

What caused this credit and housing crisis?  Is there really one person to blame, or did we all play a part?
The embedded video was produced by Jonathan Jarvis to help define the relationships between homeowners (Main Street), bankers and brokers (Wall Street), and institutional investors.
Jonathan’s Crisis of Credit video easily explains how Sub Prime Mortgages, Collateralized Debt Obligations, Frozen Credit, and Credit Default Swaps created the perfect storm.
It is certainly amazing how a couple of recent changes to a law passed in 1933 could have such a significant impact on the destruction of the world’s economy.


Regardless of what the media or politicians try to say, this credit crisis it is NOT the original fault of sub-prime borrowers.  In fact, there are many strong debates that put government policy and corruption as the root cause for the current pain being felt by Americans and others around the world.
On one side, the Financial Services Modernization Act of 1999 created an opportunity for banks and affiliated insurance companies to participate in a form of legalized gambling where they could manipulate the credit rating of a risky investment product and sell it to institutional investors such as pension fund managers and municipalities.
The opposing team believes that a government mandate in the Community Reinvestment Act of 1977 by Carter and amendments in 1995 by Clinton encouraged banks to find creative ways of lending to borrowers who did not have sufficient credit, income, employment, down payments, or assets to obtain FHA or Conventional financing.
The fact that Fanie Mae made a commitment to purchase sub-prime mortgages helped fuel the fire as well.
Either way, leverage, lack of transparency, and limited regulation are all to blame for this crisis of credit.
Tagged: BANK OWNED, Bernie Germani, BUSINESS OPPORTUNITY, community reinvestment act, Discover how the Current Real Estate and Credit Market Created the Perfect Home Based Business, f

At some point we are going to have a conversation about the 2008 Financial Crisis with our kids.
The embedded video may help set the scene for why our government continues to throw hundreds of billions of dollars at a multi-trillion dollar problem which was caused by over-leveraged investment models, deregulation of banking and insurance practices, and non-existent mortgage borrowing guidelines.
 
Quick Outline:
The Financial Services Modernization Act of 1999 repealed certain aspects of a 100 year-old law which was established to prevent another Great Depression.
By enabling the co-mingling of Depository Banking and Investment Banking institutions, an overwhelming amount of free money became available to financial institutions who were able to package up mortgages (Collateralized Debt Obligations), insure for AAA investment grade ratings (Credit Default Swaps), and sell to institutional investors (Pension Fund Managers, Municipalities, Low-Risk Mutual Funds).
This entire 10 year investment / mortgage backed securities cycle was leveraged on one very important factor - property values increasing.
As long as property values continued to increase, banks thought that homeowners would keep making mortgage payments.
If people did not make their mortgage payments, then banks were able to foreclose, sell the home, and make a profit. However, the bubble popped, equity disappeared, and banks were sitting on worthless collateral.
Tagged: Bernie Germani, Home Seller Assist, Lakewood Mortgages, Lakewood real Estate, lakewood realtors, Obama's Bail Out, SUB PRIME, Toxic Assets, Use Our funds to flip short sales, Use Our Private Funds to Flip Your REO’s & Short Sales

more about "Bernie was reconized on a tv news cast", posted with vodpod

Can you profit for the mortgage meltdown? 100% the answer is yes you can. I will show you how..