Interest rate swap
June 21, 2010 - 3:24 pm
This illustrates how an interest rate swap can transform a floating-rate obligation into a fixed-rate obligation and vice-versa
Duration : 0:7:4
Posts Tagged ‘finance’
Investment Tips & Financial Planning : How to Compare Bank Mortgage Interest Rates
June 21, 2010 - 3:24 pm
Compare bank mortgage interest rates by searching the Internet for Web sites that compare rates, contacting different banks for full disclosure information and using the variables of a mortgage interest rate to pick the best choice. Use the Internet as a guide for picking a good mortgage interest rate with help from a financial consultant in this free video on investments.
Expert: Roger Groh
Bio: Roger Groh is the founder of Groh Asset Management.
Filmmaker: Bing Hu
Duration : 0:2:48
The Mortgage Meltdown, The Economy, and Public Policy (Part 1)
June 21, 2010 - 1:10 am
Welcome and Opening Remarks
Stuart Gabriel, UCLA
John Quigley, UC Berkeley
The Policy Maker’s Perspective on the Financial Meltdown and the Economy
Janet Yellen, Federal Reserve Bank of San Francisco
Stuart Gabriel, UCLA, Moderator
The Future of the Housing Finance System
Nancy Wallace, UC Berkeley, Moderator
Panelists:
Brad Blackwell, Wells Fargo Bank
John Krainer, Federal Reserve Bank of San Francisco
Paul Leonard, Center for Responsible Lending
Paul Jablansky, 400 Capital Management LLC
http://urbanpolicy.berkeley.edu/mortgagemeltdown.htm
Duration : 2:24:33
The Mortgage Banking Meltdown
June 21, 2010 - 12:29 am
http://www.financeforcongress.com
A visual demonstration of the changes in mortgage banking that led to the current financial crisis. To learn more, watch our other video, “Understanding the Financial Crisis,” and visit http://www.enspire.net
Duration : 0:2:54
First Time Home Buyer Tax Credit, FHA Loans, Low Mortgage Interest Rate Program
June 20, 2010 - 10:23 pm
Tax Credit for First Time Home Buyer Program, with Low Down Payment and Interest Rates thru Government Loan Assistance and FHA Mortgage. Buy Cheap Bank Foreclosures. Go To http://RealEstateMarketingThisWeek.com
Part 7 (Excerpt)
FHA Guidelines regarding foreclosures and first time home buyers; incredible home buying value
Ok I was just checking because I thought this was a story about all the mortgage backed securities that were going under. It started at the top and it worked its way down. The reality of it is that people were buying homes, not reading what they were signing, not understanding how it worked and shame on the people who were putting it in front of them, knowing that they didnt know and we all need to take a little responsibility here for this past crisis. It is not just the Wall Street firms; its not just the mortgage companies and banks, the brokers have little in fact to do with it, we didnt create the loan products that people were buying, we were merely disseminating it to the public. I am glad to say I was not a part of any of that. I was able to stay away and do traditional, conventional type financing for people. So luckily I didnt have a lot of clients who got stuck into that nightmare.
Speaking of that nightmare, Dan when we talk about the people who have had foreclosures, their lives have been turned around, turned over and they think that there is no where for them to go. One of the nice things about the Federal Housing Administration loan, the FHA loan, thats the first time home buyer type loan, the minimum down payment loan, its only 3 years after you have had a foreclosure that you can qualify to purchase a home again. So it is important if you have had a foreclosure, you need to point your future away from the flame, you need to save your money, do your best, work as tightly as you can on a budget and look forward to that time when you can go back out and buy a home again.
Property values are going to be up from where they are today, but there is still going to be plenty of great value out there and there are not going to be loan products that are going to get you in trouble again. They wont exist. What really caused the great inflation in home values starting in about 2002 was the financing was just getting crazy. I wont get into a whole lot of technical stuff about mortgage backed securities and all that, but the lenders were creating products, selling them off their books, thinking that they would never have to worry about them again. They sold trillions of dollars worth of these loans and those are the ones that are going bad.
Ones that were toxic in the first place: the stated incomes, the option ARMs, all those loans are all gone now. I was saying earlier today that we are back to where we were in financing in 1992-1993, back when the median home price was $75,000. Now I dont think we are going to go anywhere near that again, I think at $130,000 we are getting real close to the bottom of the market and what I was thinking was when I got into the business in 1995 and you were in at about the same time I was, and I remember talking to a guy who comes into our office to sell us loan programs, now this is the very beginning of the really crazy stuff, and he was saying we can do 70% no doc loans.
We go, what do you mean? If somebody puts down 30% they dont have to verify anything, they dont have to verify their employment; they dont have to verify taxes, anything. We were absolutely floored, but by the peak of the market we were doing 100% no doc loans. If you were breathing they gave you a loan and the credit scores didnt have to be that high, I think I saw them as low as 600…
Duration : 0:5:36
Mortgage-backed securities III
June 20, 2010 - 10:01 pm
More on mortgage-backed securitiesMortgage-backed securities II
June 20, 2010 - 9:49 pm
Part II of the introduction to mortgage-backed securitiesPersonal Finance : How to Determine if Refinancing a Mortgage Will Save Money
June 20, 2010 - 9:48 pm
When trying to figure out if refinancing a mortgage will save money, it’s important to look at reducing the term of the mortgage and at debt consolidation. Save money on interest payments with help from a financial services manager in this free video on refinancing a mortgage.
Expert: Matthew McKillen
Contact: www.excelmortgage.com/
Bio: Matthew McKillen brings 21 years of industry experience in arranging loans for his clients.
Filmmaker: Christopher Rokosz
Duration : 0:1:4
Smart Homeowners Learn Mortgage Basics with David Bach
June 20, 2010 - 9:12 pm
David Bach helps you understand the basics about your mortgage; how much you can afford, how to get qualified, what term is best for you and much more. You’ll learn how to find a lender of integrity to help you make these important decisions and prepare you for the homebuying process and serve you after you’ve bought your home.
Remember, homeownership is still the single most important investment you can make in your lifetime. Look for other webisodes in this series by searching for “Smart Homeowners” or visit finishrich.com
Duration : 0:5:15
school loan consolidation – Consolidate your student loan quick and easy!
June 20, 2010 - 7:33 pm
http://school-loans-consolidation.net/
If you have a knowledge about what is student loan consolidation, what different kinds of loan are available and when is good to consolidate your loan you would be in much better position to understand and appreciate the importance of student loan consolidation.
What are student loans?
These types of loans are given by the government to help the student pay their living expenses and tuition fees for their college. The interest rates for these loans are very loan and can be easily repayments can be made for these types of loans.
The student loans consolidation is the ideal solution for students who want to do their higher education for pursuing their dream career.
Different types of loans:
There are variety of student loan consolidation. You can choose different plans according to your requirements. The different types of loans are Perkins loans, Stratford loans, parent plus loans, graduate plus loans and many more.
The most popular among all the loans are Perkins loans. The loan is well suited for both undergraduates and graduates. These types of loans has the upper cap for undergraduates as $4,000 and for graduates $6,000. These types of loans have low interest rate at 5% fixed.
The next affordable loans are federal Stratford loan. They are normally taken by then lender at the rate of 6.8% and supposed to be more secured type of loan .
So, there is not shortage of loan to choose from.
Consolidation of loan as an option:
Student consolidation is great for those students who are having more than one loan at the same time. As they have a choice to combine all their loans and make it as one single loan. This consolidation could be done either by private lenders or through federal student loan.
The best outcome of consolidation of loan is that you have to handle single loan at the lower interest rate and which is much easier and less complicated to handle. The loan is ideal for the student who has busy college life and always wanted to have something extra in their plate.
Make you own choice:
Don’t be in hurry to make a choice in type of loan which is best for you as you may spoil your career. You should not hesitate to consult the professionals for advice if you are in situation where you already have the student loan and need to find out is the right time to consolidate your loan. There are enough people who are ready to guide and help you to come out of the process.
Don’t let money kill your dream:
The best thing in your life is to purse the higher education from the dream college and university. However never let your dream to let going because of the rising costs of the education. When you don’t have money and still you want to peruse your higher education then the right student loan consolidation is the best executed plan.
Duration : 0:2:7