I would have suggested diversifying your mortgage income. I understand mortgage brokers made over 6 figures in 2004-2006. What happened to that money?
Here's how to get ack on track: 1.You and your wife start working at the nearest fast food round the clock. 2.Sell all your assests and rent. 3.One car only or use public transportation 4.Collect coupons for food 5.Start asking neighbors if they have chores 6.Move back home with your parents 7.Sell your blood,sperm,bone marrow,etc.. 8.Apply for unemployeement 9.Rewrite your resume 10.apply for more creditcards 11.etc..
It was funny too watch you american people going nuts in those tv shows like (Flip That House) making money with those houses..Wow look i've made a 75k profit with that house!
I have an appointment with SBA. Thanks for telling me now!! I need to cancel! I tried to get computers from DELL to start up a different business out of my office and they froze all lenders and mortgage brokers nationwide. Including Gateway!! You know it's bad then!! Mr. Bush, help us!! PLEASE?????
We are not all crooks!!! Every industry has some bad apples. A lot of us just worked an honest living to pay our bills. I am losing my office and I put every dime into it. Do you know how many small - med. broker business are shutting down right now? THOUSANDS!!! WHAT ABOUT US????
Most states require brokers to be license. This license does require a criminal background check. The Mortgage Lenders (Banks) developed what you term "JIVE" subprime ARM loans. Be sure to go with a reputable broker/lender. Check your local BBB, etc.
You said it best when you said that you get paid when the deal closes. During the past years, your deals have closed and you have been paid. If you didn't save enough money to survive the lean times from all the deals that did close, you're the one to blame for not having money.
Remember, people that made covered wagons also were driven out of business because they were outdated and irrelevant. Unfortunatly mortgage brokers are the next covered wagons.
studies show that most american have less two months of income set a side for hard times, I have Six months of income and it's gone, see my next video, any way I will survive, and maybe you are more prepared and have 12 months of income set a side, if you do not don't I want look down on you,
I don't think anyone is talking down to you. I think they're telling you that during the high times in the real estate market you reaped the benefits. Now that the high times are gone, you are asking for handouts, while the ones who responsibly managed their money and their careers are left holding the bag for the corrupt real estate community's greed.
I don't believe anyone on purpose is talking down to me, I have recieve more value from the comments than the money could ever give me, I'm responsible, I did what I could, and I will continue, call it what you like, but asking for help is noble, the sad part is that most people could give a hoot, if does really help them, sad, sad so sad, again thank you for your comments,
And now with the fed cutting interest rates 1/2 point we're all going to see what happens when the value of the dollar plummets and inflation runs rampant. If you think it's hard now, you haven't seen anything yet.
Man! You say you have been in the business for 10 years, then you remember the liquidity crunch of 1998. I know it is worse now than then, but suck it up. In 1998 I closed my mortgage company and let go of 43 people, then sold off office furnature at the flea market until it got better. Stop begging, and start digging, I'm sure you can find some way to make money!
The response to these videos is more amazing than the money, I not begging, and if I don't recieve anything from anyone, posting the video has give me insite to a bigger problem, thanks for your comment,
Wow.. where to start... first I think your position is definately regretable and I hope that your situation improves. Having said that, there is very simple principle you seem to ignore, 'you reap what you sow'. I notice you quote bible, what about storing for a bad season. Did you really not know that the market had to turn from the ridiculous trend that was going on??
I'm not blaming you for the the industry but its your chosen profession. Speculators, bidding on homes, no-doc loans, runaway appreciation, interest only/no-money-down/100+%LTV?-I mean c'mon man. You had to know, and if not you were asleep at the wheel! I had this conversation 3 years ago with industry people and I'm just a laymen homeowner and I was it plain as day but you guys said oh no it will be OK and I don't know what I'm talking about.
My advice- well find a need and fill it... I believe there will be a high need for loan-savers, repo stoppers, repo-sellers for the banks, refinance gurus, and counselors. That's what the market will be now. The days of Joe bad credit walking in and 'getting done' with a rediculous loan for a house he overpaid for are over and gone!
Homeowner like you need to be heard, I knew and that's why I offer 30 year fixed loans 99% of the time, because the array of loan offers that the lenders came up with I did not agree with.
I had six months of income set aside in Feb 2007, I had no ideal the market would fall as fast as it did, I knew it would slow down, but not like this, I'm a believer in the written word of God and I know this to shall pass, Thanks for your comments, watch my next video
I'll offer this as well, Do you understand who and what Federal reserve is? Its a system of banks that the country's founders abhored because they knew they would do things like this. Watch now as Greenspan back-peddles thru his ridiculously low rate cuts. Please watch 'The Money Masters' and 'Zeitgeist' - The movie The Federal Reserve. Both really tell the tale of why this happens and who benefits and alot more.
both of these movies are here on YT (uploaded in sections) or you can go to google video and watch them, free of course. I think they should be required history for HS graduation. It is obvious the World banks will bring the end of this country soon and the new slavery of the middle class to the world. Please watch them.
I was not being complementary. Look, I know it sucks, but your industry put a lot of people into homes they had no hope of affording once the ARMS reset. I'm sorry you're in a pickle, but saying the government should issue "grants" for 20% down payments is simply insane and would require nominal tax rates of 50% to 90% based on value of home sales annually and a guess at how many would want "help."
The Goverment and non-profit are already gives grants to as much of 10% now but the homeowner has to meet thier guidelines, In the heat of this video if I said any that that did not make any sense, My misstake, Thanks for your comments
Contact Al "pimp my book" Greedspan, maybe he can toss some coin your way since he's the Banking Cartel's PR guy that told everyone that liar loans were a good thing ;-)
Of course given the normal stupidity exhibited by the sheeple that bought the blatant fraud hook, line & sinker I expect that in another 10-20 years we'll get another suicidal bubble.
Then again with the Central Banking Supra-Elite willing to chop down forests to print fiat currency, perhaps we'll get a whole other scenario in 10-15 years.
Anyways you slice it, things are going to go from bad to worse.
I hope now that the bubble is bursting that it wipes-out the RE agents/brokers and people move to selling their own homes via online services and the banking system finally gets honest and REAL banks start making *HOME* loans, not speculative flipper bets on margin.
I understand your problems. I was a loan officer until 2 months ago since I saw what was coming and couldnt close any decent loans for the last 5 months, and knew the housing bubbles was already bursting. Then a few weeks later they go bankrupt overnight and wont pay employees their last paychecks and I cant get at my 401k right now if ever!! (first magnust, charter funding) BASTARDS!
I'm taking every route to earn money, and I have gone on many interviews, and I will continue, it's sad when someone really needs help they can not get, and for those that really don't need help, get money by the boat loads ie. ( Lenders), my video is not design for what you are thinking, the facts is the fed's are bail out the lenders, I'm just telling my story, it doesn't matter if I get one dollar or thousands, thanks for your comments
I'm not crying and I've not ever misled any customers because 99% of the time I offer 30 year fixed loans. If you have ever brought a home you would not without a mortgage 95% of people could not buy a home. I agree with you Mortgage Brokers are not fully to blame, and like I said in the video, in every industry you are going to have some bad apple's, Thanks for your comment
The greatest gift of all is charity, going in to debt is buying thing that you really don't need, i have not done that, As far as making money in the realestate and mortgage business in today's market when lender are closing their doors, and credit guidelines for good credit buyer can not qualify, what do you do? Thanks for Your comments
I think maybe you mis understood my video, 99% of may customer I offer 30 year fixed loan, because I did not believe in interest only, arm's, pick a pay'etc. Because it just didn't make sense to me. In every industry you have bad apple's, I believe like you believe No bail for the Lenders, Brokers, and Homeowners, but if the Fed's are bail out the Lenders so they can stay afloat, brokers and homeowners should have the same opportunity. Thanks for your comments
I don't know you, nor what you do as profession , I could bet with in your industry what ever it is has had it's share of problems, and because you are apart of if should you take the blame.
I bet you weren't crying when times were good. Oh yeah, when times are good, you loved all the money you're getting. But now you don't like it. Greed is a killer. You gotta pay for misleading people and giving them loans they don't deserve.
Nobody should get bailed out.
You said here that it all started with the mortgage brokers. Well, you just said unintentially that IT'S YOUR FAULT(brokers). It's true.
Mortgage brokers ARE part of the problem. Not fully but in part.
I'm not crying. I'm pizzed over how the Fed and Wall Street aproved these loan programs, and If I can get a bail out no one should get a bail out period.
I would have suggested diversifying your mortgage income. I understand mortgage brokers made over 6 figures in 2004-2006. What happened to that money?
Take care
c64life 3 years ago
ddunston 4 years ago
Get Checked out
sunnaman 4 years ago
It was funny too watch you american people going nuts in those tv shows like (Flip That House) making money with those houses..Wow look i've made a 75k profit with that house!
cyberguy076 4 years ago
I have an appointment with SBA. Thanks for telling me now!! I need to cancel! I tried to get computers from DELL to start up a different business out of my office and they froze all lenders and mortgage brokers nationwide. Including Gateway!! You know it's bad then!! Mr. Bush, help us!! PLEASE?????
sgammill 4 years ago
Mortgage brokers are crooks. No license is
required and no criminal background check.
They have been stealing with these JIVE
subprime ARM loans. This guy wont show his
face. Would you do bidness with this lunatic?
oceansidermike 4 years ago
We are not all crooks!!! Every industry has some bad apples. A lot of us just worked an honest living to pay our bills. I am losing my office and I put every dime into it. Do you know how many small - med. broker business are shutting down right now? THOUSANDS!!! WHAT ABOUT US????
sgammill 4 years ago
Most states require brokers to be license. This license does require a criminal background check. The Mortgage Lenders (Banks) developed what you term "JIVE" subprime ARM loans. Be sure to go with a reputable broker/lender. Check your local BBB, etc.
smneider 4 years ago
You said it best when you said that you get paid when the deal closes. During the past years, your deals have closed and you have been paid. If you didn't save enough money to survive the lean times from all the deals that did close, you're the one to blame for not having money.
Remember, people that made covered wagons also were driven out of business because they were outdated and irrelevant. Unfortunatly mortgage brokers are the next covered wagons.
rtaylor143 4 years ago
studies show that most american have less two months of income set a side for hard times, I have Six months of income and it's gone, see my next video, any way I will survive, and maybe you are more prepared and have 12 months of income set a side, if you do not don't I want look down on you,
sunnaman 4 years ago
I don't think anyone is talking down to you. I think they're telling you that during the high times in the real estate market you reaped the benefits. Now that the high times are gone, you are asking for handouts, while the ones who responsibly managed their money and their careers are left holding the bag for the corrupt real estate community's greed.
rtaylor143 4 years ago
I don't believe anyone on purpose is talking down to me, I have recieve more value from the comments than the money could ever give me, I'm responsible, I did what I could, and I will continue, call it what you like, but asking for help is noble, the sad part is that most people could give a hoot, if does really help them, sad, sad so sad, again thank you for your comments,
sunnaman 4 years ago
And now with the fed cutting interest rates 1/2 point we're all going to see what happens when the value of the dollar plummets and inflation runs rampant. If you think it's hard now, you haven't seen anything yet.
rtaylor143 4 years ago
Man! You say you have been in the business for 10 years, then you remember the liquidity crunch of 1998. I know it is worse now than then, but suck it up. In 1998 I closed my mortgage company and let go of 43 people, then sold off office furnature at the flea market until it got better. Stop begging, and start digging, I'm sure you can find some way to make money!
therealcrazyfish 4 years ago
The response to these videos is more amazing than the money, I not begging, and if I don't recieve anything from anyone, posting the video has give me insite to a bigger problem, thanks for your comment,
sunnaman 4 years ago
Wow.. where to start... first I think your position is definately regretable and I hope that your situation improves. Having said that, there is very simple principle you seem to ignore, 'you reap what you sow'. I notice you quote bible, what about storing for a bad season. Did you really not know that the market had to turn from the ridiculous trend that was going on??
BoniusRx 4 years ago
I'm not blaming you for the the industry but its your chosen profession. Speculators, bidding on homes, no-doc loans, runaway appreciation, interest only/no-money-down/100+%LTV?-I mean c'mon man. You had to know, and if not you were asleep at the wheel! I had this conversation 3 years ago with industry people and I'm just a laymen homeowner and I was it plain as day but you guys said oh no it will be OK and I don't know what I'm talking about.
BoniusRx 4 years ago
My advice- well find a need and fill it... I believe there will be a high need for loan-savers, repo stoppers, repo-sellers for the banks, refinance gurus, and counselors. That's what the market will be now. The days of Joe bad credit walking in and 'getting done' with a rediculous loan for a house he overpaid for are over and gone!
BoniusRx 4 years ago
I agree, thanks for you comments, watch my next video today,
sunnaman 4 years ago
Homeowner like you need to be heard, I knew and that's why I offer 30 year fixed loans 99% of the time, because the array of loan offers that the lenders came up with I did not agree with.
sunnaman 4 years ago
I had six months of income set aside in Feb 2007, I had no ideal the market would fall as fast as it did, I knew it would slow down, but not like this, I'm a believer in the written word of God and I know this to shall pass, Thanks for your comments, watch my next video
sunnaman 4 years ago
I'll offer this as well, Do you understand who and what Federal reserve is? Its a system of banks that the country's founders abhored because they knew they would do things like this. Watch now as Greenspan back-peddles thru his ridiculously low rate cuts. Please watch 'The Money Masters' and 'Zeitgeist' - The movie The Federal Reserve. Both really tell the tale of why this happens and who benefits and alot more.
BoniusRx 4 years ago
both of these movies are here on YT (uploaded in sections) or you can go to google video and watch them, free of course. I think they should be required history for HS graduation. It is obvious the World banks will bring the end of this country soon and the new slavery of the middle class to the world. Please watch them.
BoniusRx 4 years ago
Thanks
sunnaman 4 years ago
Ok, will go watch to night, Thanks for the insite
sunnaman 4 years ago
Unbelievable.
LeguleiusGonzo 4 years ago
Unbelievable, is my favorite word because either way, it's Unbelievable, thanks for your comments, watch for my next video
sunnaman 4 years ago
I was not being complementary. Look, I know it sucks, but your industry put a lot of people into homes they had no hope of affording once the ARMS reset. I'm sorry you're in a pickle, but saying the government should issue "grants" for 20% down payments is simply insane and would require nominal tax rates of 50% to 90% based on value of home sales annually and a guess at how many would want "help."
LeguleiusGonzo 4 years ago
The Goverment and non-profit are already gives grants to as much of 10% now but the homeowner has to meet thier guidelines, In the heat of this video if I said any that that did not make any sense, My misstake, Thanks for your comments
sunnaman 4 years ago
P.S. You want help?
Contact Al "pimp my book" Greedspan, maybe he can toss some coin your way since he's the Banking Cartel's PR guy that told everyone that liar loans were a good thing ;-)
TaZMaNiO 4 years ago
maybe I will, thanks for your comments
sunnaman 4 years ago
Of course given the normal stupidity exhibited by the sheeple that bought the blatant fraud hook, line & sinker I expect that in another 10-20 years we'll get another suicidal bubble.
Then again with the Central Banking Supra-Elite willing to chop down forests to print fiat currency, perhaps we'll get a whole other scenario in 10-15 years.
Anyways you slice it, things are going to go from bad to worse.
Idiots...
TaZMaNiO 4 years ago
Thanks
sunnaman 4 years ago
I hope now that the bubble is bursting that it wipes-out the RE agents/brokers and people move to selling their own homes via online services and the banking system finally gets honest and REAL banks start making *HOME* loans, not speculative flipper bets on margin.
TaZMaNiO 4 years ago
If that happens, we all better pack our bags,thanks for you comments
sunnaman 4 years ago
so mortgage brokers have been making bank and raping people since 1996... every up has a down. Get over it.
Go get a real job and quit whining.
synthetik23 4 years ago
watch for my next video, and thanks for your comments
sunnaman 4 years ago
I understand your problems. I was a loan officer until 2 months ago since I saw what was coming and couldnt close any decent loans for the last 5 months, and knew the housing bubbles was already bursting. Then a few weeks later they go bankrupt overnight and wont pay employees their last paychecks and I cant get at my 401k right now if ever!! (first magnust, charter funding) BASTARDS!
morethan20 4 years ago
thank you, so you I'm not making this, Thank you again for your comments
sunnaman 4 years ago
sorry buddy
morethan20 4 years ago
Thanks
sunnaman 4 years ago
Thanh you,
sunnaman 4 years ago
You need money to support your family? Get a job!
anthonytinNYC 4 years ago
I'm taking every route to earn money, and I have gone on many interviews, and I will continue, it's sad when someone really needs help they can not get, and for those that really don't need help, get money by the boat loads ie. ( Lenders), my video is not design for what you are thinking, the facts is the fed's are bail out the lenders, I'm just telling my story, it doesn't matter if I get one dollar or thousands, thanks for your comments
sunnaman 4 years ago
I'm not crying and I've not ever misled any customers because 99% of the time I offer 30 year fixed loans. If you have ever brought a home you would not without a mortgage 95% of people could not buy a home. I agree with you Mortgage Brokers are not fully to blame, and like I said in the video, in every industry you are going to have some bad apple's, Thanks for your comment
sunnaman 4 years ago
welcome to the real world, genius.
drumsnbass 4 years ago
this the real word, thanks for comments
sunnaman 4 years ago
dude is clueless. next.
geoffrey2k 4 years ago
may be I'm just clueless, thanks for your comment
sunnaman 4 years ago
Stop giving. Stop going into debt.
Start making money.
VoochDotCom 4 years ago
The greatest gift of all is charity, going in to debt is buying thing that you really don't need, i have not done that, As far as making money in the realestate and mortgage business in today's market when lender are closing their doors, and credit guidelines for good credit buyer can not qualify, what do you do? Thanks for Your comments
sunnaman 4 years ago
You give loans to people with no jobs and poor credit en masse, what do you think is going to happen?
It's not a few brokers either. This problem his huge.
You can't just say, "The institutions gave us the lending guidelines, so we just follow them."
Everyone is getting what they deserve and now they want us all to bail them out? NO
vilemonkey 4 years ago
I think maybe you mis understood my video, 99% of may customer I offer 30 year fixed loan, because I did not believe in interest only, arm's, pick a pay'etc. Because it just didn't make sense to me. In every industry you have bad apple's, I believe like you believe No bail for the Lenders, Brokers, and Homeowners, but if the Fed's are bail out the Lenders so they can stay afloat, brokers and homeowners should have the same opportunity. Thanks for your comments
sunnaman 4 years ago
I don't know you, nor what you do as profession , I could bet with in your industry what ever it is has had it's share of problems, and because you are apart of if should you take the blame.
sunnaman 4 years ago
I bet you weren't crying when times were good. Oh yeah, when times are good, you loved all the money you're getting. But now you don't like it. Greed is a killer. You gotta pay for misleading people and giving them loans they don't deserve.
Nobody should get bailed out.
You said here that it all started with the mortgage brokers. Well, you just said unintentially that IT'S YOUR FAULT(brokers). It's true.
Mortgage brokers ARE part of the problem. Not fully but in part.
vilemonkey 4 years ago
I'm not crying. I'm pizzed over how the Fed and Wall Street aproved these loan programs, and If I can get a bail out no one should get a bail out period.
sunnaman 4 years ago