Just another fast talkin vulture.Thanks for ruining lives.I know you were on the front side at one time,made a fuck load of loot.Now you're just trying to scrape the bottom on the backside. Douchebag!!!
And it's all your fault! If you're a realtor you should have know that this was going to happen. Houses don't double in prices over a three year spam. Why did people buy houses at these prices? Because they were feed by realtors that NOW is the time to buy. I told everyone I knoew NOT to buy and just wait out the storm. Look how right I was.
would you like to be a guest on my daily local TV show in Manhattan? I would especially like you AND Professor Ashford together as we need both scholars and practical people to pull this country out of a mess that CAN be avoided if only more people become aware of Binary Economics....check out my playlist on Binary Economics
Greetings from Canada!....Mr. Mortgage, Visionvictory, Patriot News Hour,Ron Paul, Peter Schiff, Sludgereport...Your information is excellant and much appreciated...Thanks alot!!!
Mark - When is your new service coming out? Hopefully you can work the stats nation wide and make it available to the average joe. I hear there's 8 million homes sitting empty...what a waste. Since the banks own a good portion of the 8 million, wouldn't they be cutting their own throats if they keep continuing to discount them, or do they have a choice?
Looks like a continuation of the meltdown that started last year. We don't seem to hear much about it on the news anymore. Good thing that we have people like yourself getting this information out. Keep up the good work.
Everyone deserves to know the truth. Thank you for sharing.
I know a person who withdrew her house sale on the belief that house prices were improving in California even though there was no way this will happen for many years to come. She will likely end up in terrible trouble now.
It is terrible how the manipulation of the money flow by so few negatively impacts so many.
Thank you so much for these videos. They keep people like me informed about the market which I would love to get into. I live in orange county CA, and i'm waiting until after the summer to even think about buying.
Thanks for the honest info. I live in Miami/Dade and we are top 3 in foreclosures nationwide. The majority of people down here were using there homes as checking accounts from 2000-2005. As a result, we are seeing major declines in property values, and as time goes by its getting worse.
It's called the President's Working Group on Financial Markets or the "Plunge Protection Team". This is a group created by Reagan to prevent stock market crashes. The stock market is propped up by the Federal Govt. with the aid of large banks and the Federal Reserve. The stock market isn't allowed to freely trade on the downside.
Exactly. Their meetings are private which is why Ron Paul asked John McCain about the PPT during one of the debates. McCain, of course, stumbled about like the retard he is and mumbled something about his friends.
Wow. A scary reality isn't it? Hey man I have an important question I want to ask you privately so I am going to send you an email but thanks for posting this information I am gonna check back to see your updates.
Man you are a breath of fresh air. We know it's bad but not HOW bad. I frankly believe we need new leadership in this country (and not just political leadership)... some honest talking folk for a change. Thanks for treating us as adults.
Good work. Thanks for sharing your research/knowledge. I hope regular folks will watch this and come to understand the situation the way faithful bloggers/readers do...one day, there will be no excuse for ignorance.
Well that is something we shall have to remedy. Put up a indiscreet pay pal link. Some will pay. I'd pay a monthly fee. These blogs are a lot of time and effort - I just lost my favorite housing blog, the NYC housing bubble blog, the other day. It was a drudge report for housing - I found you through that blog. It's a pain in my a$s if I loose the resources. For me, it's a business expense for me. Might be worth a shot until you monetize another way- I'd buy you a couple of beers a month
I'll bet you missed yesterday's article titled "Color-Blind Merrill in a Sea of Red Flags". After all, the headlines were all about YOUR state's lifting the ban on gay marriage. Anyway, here's the pertinent quote:
Although market interest rates were low when these mortgages were written, the mortgages had rates averaging 11.2 percent.
(cont) Yet investors who put up most of the money were willing to accept a floating rate of just 30 basis points — three-tenths of one percentage point — over the London interbank offered rate. At the moment, that gives them a yield of 3.2 percent.
THERE'S AN 800 BPS SPREAD!!! Where's it go? Who's got their greedy little fingers in that one?
Answer that question, Dorothy, and you'll find yourself a lot closer to the "Mortgage Wizard of Oz" you so desperately seek.
Nice report. Thanks for making it clear for folks who don't understand what is truly going on in the market. The NAR probably has you in its crosshairs.
Ya, there are black sedan cars driving outside my house all day long now with the door panels covered up with cardboard probably where the Century 21 sign goes
Always an enlighting episode, of the day to day chinese torture in the continuing sage of the CA. real estate bust. Keep the truth flowing maybe at dsome point it will rub off on our political comrades. Ed
Awesome reporting. When do you think the market will bottom out and allow peeps like me who waited to buy my first home? I've seen reports that it won't bottom out until 2011 or 2012. That seems like a long time to wait.
Mark - How is it possible that 97% of auction homes are returned to the banks? That would mean that the banks are pricing the homes way above market value, what would be the point of having the auctions. If I were bringing 100 cars to an auction and I knew I'd only sell 2-3, why bother? Somthin sounds strange that they would only sell 2-3% at auction. Great vids, keep em comin, sure wish you knew some of the poop on the other markets.
No, they discount the homes at the auctions in MOST cases but they still don't sell to anyone but the bank who owns the note in 97.7% of the cases. Legally, an auction is just part of the foreclosure process. Now, once the bank has hold of it and they legally own the home, note etc, then they release them to realtors or large auction aggregators for massive discount sales.
FX, The banks always bid what the person still owes on the property to that bank (typically 80% of original purchase price if it was bought recently because most people did the 80/20 split). This means that usually no-one was willing to bid more than 80% of what the property used to be worth.
Another amazing "No BS" report from Mr. Mortgage. I tell everyone I can about you. I put links to you on ALL the short sale/short refi message boards. I gave you 5 stars and I'm putting this on my twitter page too.
Mark, you ought to have your own TV show but, of course, that is not going to happen since you are an honest, independent voice. But keep doing this because eventually the "TV world" will evolve to the Internet where you could be KING.
No not death, because too many people will lose their jobs. Why don't they just tell the truth and let the market speak. The day following the Bear collapse the market was speaking the the Fed came in and shut it up, ultimately spending our tax payer money.
I'm sure I'm not alone when in saying: I would love to see you go head-to-head with some of the CNBC talking hos -- ooops!-- I mean talking holes (LOL) when they are busy passing out the Kool-Aid all day on TV. Keep it up.
Just another fast talkin vulture.Thanks for ruining lives.I know you were on the front side at one time,made a fuck load of loot.Now you're just trying to scrape the bottom on the backside. Douchebag!!!
taxisgay12 2 years ago
When real estate agents are out of work, they can make a very easy transition into becoming trial lawyers. Same $hit, different name.
vdvsoldat 2 years ago
And it's all your fault! If you're a realtor you should have know that this was going to happen. Houses don't double in prices over a three year spam. Why did people buy houses at these prices? Because they were feed by realtors that NOW is the time to buy. I told everyone I knoew NOT to buy and just wait out the storm. Look how right I was.
upinflamezzz 3 years ago
We Can Help You Save Your Home From Foreclosure Go To homesaver(DOT)tk
homesrustosave 3 years ago
would you like to be a guest on my daily local TV show in Manhattan? I would especially like you AND Professor Ashford together as we need both scholars and practical people to pull this country out of a mess that CAN be avoided if only more people become aware of Binary Economics....check out my playlist on Binary Economics
youtube com/my_playlists?p=7FD2F34D7FAF0DF5
paulagloria 3 years ago
Well duh, this is just a ploy to weaken the US dollar and push the Amero.
wpiman 3 years ago
Greetings from Canada!....Mr. Mortgage, Visionvictory, Patriot News Hour,Ron Paul, Peter Schiff, Sludgereport...Your information is excellant and much appreciated...Thanks alot!!!
dct1960 3 years ago
Mark - When is your new service coming out? Hopefully you can work the stats nation wide and make it available to the average joe. I hear there's 8 million homes sitting empty...what a waste. Since the banks own a good portion of the 8 million, wouldn't they be cutting their own throats if they keep continuing to discount them, or do they have a choice?
FXNorm 3 years ago
Looks like a continuation of the meltdown that started last year. We don't seem to hear much about it on the news anymore. Good thing that we have people like yourself getting this information out. Keep up the good work.
Hopefl1 3 years ago
Great video, good information, I subbed...
Thank you visionvictory for sharing this with me!!!
girlyoudontknow2 3 years ago
excellent video. 5* video and i have subscribed to your channel
endlessmountain 3 years ago 3
thx for the video. Keep it up :)
visionvictory 3 years ago
Great stuff!
111harley111 3 years ago
Reality Bites!
Everyone deserves to know the truth. Thank you for sharing.
I know a person who withdrew her house sale on the belief that house prices were improving in California even though there was no way this will happen for many years to come. She will likely end up in terrible trouble now.
It is terrible how the manipulation of the money flow by so few negatively impacts so many.
robertll63 3 years ago
Thank you so much for these videos. They keep people like me informed about the market which I would love to get into. I live in orange county CA, and i'm waiting until after the summer to even think about buying.
drudometkin 3 years ago
Thanks for the honest info. I live in Miami/Dade and we are top 3 in foreclosures nationwide. The majority of people down here were using there homes as checking accounts from 2000-2005. As a result, we are seeing major declines in property values, and as time goes by its getting worse.
chupiperea 3 years ago
great work keep it up!!!
lola7779 3 years ago
I agree with you. But why is the stock market a high levels? If things are so bad the stock market should also melt down along with housing. Why?
RJHerber 3 years ago
It's called the President's Working Group on Financial Markets or the "Plunge Protection Team". This is a group created by Reagan to prevent stock market crashes. The stock market is propped up by the Federal Govt. with the aid of large banks and the Federal Reserve. The stock market isn't allowed to freely trade on the downside.
Parisjune 3 years ago
Exactly. Their meetings are private which is why Ron Paul asked John McCain about the PPT during one of the debates. McCain, of course, stumbled about like the retard he is and mumbled something about his friends.
JojahBoy 3 years ago
where can i read more about this??
joseney21 3 years ago
Google it. The PPT has been around since the Reagan administration.
Parisjune 3 years ago
thanks for keeping it real
i dont believe the hype
jimbob702 3 years ago
I spent the day watching all of your videos and visiting your website. Thanks very much. Great job.
Ambiepants08 3 years ago
Thanks and keep up the good work.
amanderik 3 years ago
Wow. A scary reality isn't it? Hey man I have an important question I want to ask you privately so I am going to send you an email but thanks for posting this information I am gonna check back to see your updates.
BRANDONCARMODY 3 years ago
Man you are a breath of fresh air. We know it's bad but not HOW bad. I frankly believe we need new leadership in this country (and not just political leadership)... some honest talking folk for a change. Thanks for treating us as adults.
notsofastfriend 3 years ago 2
Good work. Thanks for sharing your research/knowledge. I hope regular folks will watch this and come to understand the situation the way faithful bloggers/readers do...one day, there will be no excuse for ignorance.
sdgawker 3 years ago
oh the fractional reserve system...watch debt as money on google.
eastwood24 3 years ago
Dude - you are the real deal. I hope you are making cash for the effort. Thanks again.
badonkadonk34 3 years ago
I dont make a penny...sorry to say.
markmti 3 years ago
Well that is something we shall have to remedy. Put up a indiscreet pay pal link. Some will pay. I'd pay a monthly fee. These blogs are a lot of time and effort - I just lost my favorite housing blog, the NYC housing bubble blog, the other day. It was a drudge report for housing - I found you through that blog. It's a pain in my a$s if I loose the resources. For me, it's a business expense for me. Might be worth a shot until you monetize another way- I'd buy you a couple of beers a month
badonkadonk34 3 years ago 2
HEY DOROTHY!
Can you find the MISSING 800 BPS?
I'll bet you missed yesterday's article titled "Color-Blind Merrill in a Sea of Red Flags". After all, the headlines were all about YOUR state's lifting the ban on gay marriage. Anyway, here's the pertinent quote:
Although market interest rates were low when these mortgages were written, the mortgages had rates averaging 11.2 percent.
(cont)
mortgagetrader 3 years ago
(cont) Yet investors who put up most of the money were willing to accept a floating rate of just 30 basis points — three-tenths of one percentage point — over the London interbank offered rate. At the moment, that gives them a yield of 3.2 percent.
THERE'S AN 800 BPS SPREAD!!! Where's it go? Who's got their greedy little fingers in that one?
Answer that question, Dorothy, and you'll find yourself a lot closer to the "Mortgage Wizard of Oz" you so desperately seek.
mortgagetrader 3 years ago
Nice report. Thanks for making it clear for folks who don't understand what is truly going on in the market. The NAR probably has you in its crosshairs.
brucevan 3 years ago
Ya, there are black sedan cars driving outside my house all day long now with the door panels covered up with cardboard probably where the Century 21 sign goes
markmti 3 years ago
Always an enlighting episode, of the day to day chinese torture in the continuing sage of the CA. real estate bust. Keep the truth flowing maybe at dsome point it will rub off on our political comrades. Ed
easy2ed 3 years ago
Awesome reporting. When do you think the market will bottom out and allow peeps like me who waited to buy my first home? I've seen reports that it won't bottom out until 2011 or 2012. That seems like a long time to wait.
Rman54 3 years ago
Mark - How is it possible that 97% of auction homes are returned to the banks? That would mean that the banks are pricing the homes way above market value, what would be the point of having the auctions. If I were bringing 100 cars to an auction and I knew I'd only sell 2-3, why bother? Somthin sounds strange that they would only sell 2-3% at auction. Great vids, keep em comin, sure wish you knew some of the poop on the other markets.
FXNorm 3 years ago
No, they discount the homes at the auctions in MOST cases but they still don't sell to anyone but the bank who owns the note in 97.7% of the cases. Legally, an auction is just part of the foreclosure process. Now, once the bank has hold of it and they legally own the home, note etc, then they release them to realtors or large auction aggregators for massive discount sales.
markmti 3 years ago
This is spot on info based on my experiences and knowledge. It is some sort of Shell game they have going on...It is bizzare to say the least-
I know a guy who missed on a million dollar home in Montana an at aucution at like 775 K to the bank (he stopped at like 550K)
He then bought it via auction house 6 months later at 212K!!
21.2 cents on the dollar - he said this happends every day in American hundreds of times.
It takes money to make money.
glacierroast 3 years ago
FX, The banks always bid what the person still owes on the property to that bank (typically 80% of original purchase price if it was bought recently because most people did the 80/20 split). This means that usually no-one was willing to bid more than 80% of what the property used to be worth.
ode79 3 years ago
this and the posts before it explain a lot. thank you
joseney21 3 years ago
Another amazing "No BS" report from Mr. Mortgage. I tell everyone I can about you. I put links to you on ALL the short sale/short refi message boards. I gave you 5 stars and I'm putting this on my twitter page too.
renegaderealtor 3 years ago
Mark, you ought to have your own TV show but, of course, that is not going to happen since you are an honest, independent voice. But keep doing this because eventually the "TV world" will evolve to the Internet where you could be KING.
istt 3 years ago 4
KING sounds great man!
markmti 3 years ago
This guy is the man!!!
glacierroast 3 years ago
Excellent Job. Thanks for all your hard work. You are 5 Star
333NANCY 3 years ago
Mr Mortgage is the shit. I cant say it any better ;)
john67elco 3 years ago
Excellent as usual!
kahunabear 3 years ago
Thanks for doing the job main stream media fails to do. I WILL NOT BELIEVE THE HYPE!
CerritosCollege 3 years ago
The breakdown you give has such value, sending it along to family and friends--WOW--How can we stay ahead of the curve? Is this going to turn around?
victorjcano 3 years ago
Excellent. THanks and keep them coming.
dog24bert 3 years ago
A big thank you !! We would never knew the TRUTH about the real number of homes up for foreclosure. Always 5 Strars for your work.
oxoxo
TRANZAM313 3 years ago
DEATH to LEH!
AURORA holds soooo much crap paper!
stauder009 3 years ago
No not death, because too many people will lose their jobs. Why don't they just tell the truth and let the market speak. The day following the Bear collapse the market was speaking the the Fed came in and shut it up, ultimately spending our tax payer money.
markmti 3 years ago
Hey my friend ,Great job! Are there any Mr. Mortgages in Florida.
123noclaf 3 years ago
Thanks for the update. You kick ass Mr Mortgage!
JP5466 3 years ago 2
I'm sure I'm not alone when in saying: I would love to see you go head-to-head with some of the CNBC talking hos -- ooops!-- I mean talking holes (LOL) when they are busy passing out the Kool-Aid all day on TV. Keep it up.
MrGoodkatt 3 years ago
He was on glenn beck :D.
bdc03 3 years ago
Nice one Mr Mortgage, keep em coming so the public is informed.
Thanks.
bbaxter1a 3 years ago 2
Thanks for your knowledge and hard work. Greatly appreciated!
sburnsinca 3 years ago 2
We need more regular vids! Keep 'em comin'.
Schweizer135 3 years ago 2
welcome back mr mortgage :D.
bdc03 3 years ago
thanks for this vid!
sbmillionair 3 years ago
Thanks bro
markmti 3 years ago
You're a warrior, Mr. M. This is what the financial media would be telling us if they weren't all crooked bastards. Thanks for your work.
PotSmokinFoo 3 years ago 4
thanks bro
markmti 3 years ago