Video by: markmti
Video Description:
My site: http://mrmortgage.ml-implode.com
Green Credit Mortgage modifications: http://getgreencredit.ml-implode.com/landing-mm.html

URL
Embed Code
Link Code

Tags: alt-a banks crisis foreclose home housing indymac prices subprime  mr mortgage on the pay option arm implosion See more videos uploaded by markmti

Comments for this video on YouTube

Am I correct as ... ( 4 months ago by virginlampoil)

Am I correct as follows? 1) A set tangible assets (the homes) have been outrageously inflated in price. 2) Now that the true price is being realized, the US must replace the lost value with new money and this will inflate other assets. 3) If it does not replace this money directly into Fanny Mae and Freddy Mac, there will tremendous bank failures as a secondary consequence.

I've been trying to ... ( 4 months ago by crocop60)

I've been trying to understand this loan for a month and now i finally do...thanks

WOW about the CINA ... ( 4 months ago by Ambiepants08)

WOW about the CINA info and having to do away with the phantom income. I learned something new today. Thanks, Mr. M. Gosh this would have made a great Halloween video simply for the scare factor.

why is this video ... ( 4 months ago by haole80)

why is this video no longer available and why is my balls stuck to my leg

Mr M, with all due ... ( 4 months ago by truthsabre7)

Mr M, with all due respect time is going to run out. The US govt is too corrupt. To expect the people that created this problem are going to fix it is a bit of a stretch.

As always, very ... ( 4 months ago by yknaught)

As always, very well done, however , what about personal responsibility? Don't the "clients" of these mortgage bear as much responsibility as those who provided them? I appreciate the argument of "upside down" equity but isn't a car loan an example of negative equity.(car's value drops the second it's driven of the lot, worst investment on the planet) but yet purchasers stand by their agreements. Granted dollar amounts involved are likely substantial different but what about the principle.

kitten I think we ... ( 4 months ago by morethan20)

kitten I think we both know whats going to happen with this mess, only a matter of time

You are right MT20. ... ( 4 months ago by Kittenkattan)

You are right MT20. I just want to know that I am not crazy. It is nice to hear it from someone else sometimes. Peace. K.K.

I'll tell ya why ... ( 4 months ago by prezmonk)

I'll tell ya why regulators weren't all over this shit, they were hogtied by the criminals and had gagballs shoved in their pieholes.

What horrible loan ... ( 4 months ago by Benzini9)

What horrible loan programs, how did we as Americans fall for this crap! Mark when are we getting June's figures?! I'm following you like a hawk to find the best time to buy..you know.. the bottom! Post the data buddy! GC in Fl

Hwy Mark, you must ... ( 4 months ago by FXNorm)

Hwy Mark, you must have gotten a chuckle out of this. Wachovia reported a 9 BILLION loss today, which was far worse then wall street expected. The stock was up 27% today lolol...can you say stock price m-a-n-i-p-u-l-a-t-i-o-n. Market Makers have an agenda for the stock and couldn't care less about earnings. They obvoiusly were forced to purchase large amounts at the lows and now they need to raise prices sharply to suck in the public to unload all of thier junk. Works every time.

Mark, Please ... ( 4 months ago by harley1932)

Mark, Please explain something to me. I don't understand the advantage of "phantom income" for the banks. Wouldn't they have to pay real taxes on income they really did not have. Or was it like Enron, where their profits were exaggerated making their stock go way up?

Just goes to show, ... ( 4 months ago by UnityEnergy)

Just goes to show, it was a premeditated land grab. Just like it was illegal to not sell your gold to the bank some decades ago. Gold and Land is where the real value of material wealth is. In the end, the banks own all the land, the International Bankers own all the wealth, land and gold. And the food is owned by the big companies like MONSANTO which does not produce seed. It's like a game of monopoly winding up, but the regular people lose it all. Wake UP & small the fertiliser of their game.

Outstanding and ... ( 4 months ago by gladIwasoutofthegame)

Outstanding and accurate. This loan will prove to be a the second body slam to the housing meltdown. I was a loan officer for World, trained brokers on this loan and sold it myself retail. Values where climbing and this loan was a way to jump on the wagon. I got out of the business in 2004, and feel badly that I participated at all. I am glad that I left when did. Shame on all of us (most mortgage professionals)!

Very nice info; ... ( 4 months ago by jingleole)

Very nice info; once again, Mr Mortgage, you did it again!

Mr. M - I would ... ( 4 months ago by Ambiepants08)

Mr. M - I would just like to ask what your opinion is of seller-funded down payment assistance programs (such as Nehemiah or AmeriDream) and how you feel the outcome will be if/when the House & Economic Recovery Act of 2008 is signed. (It is estimated that up to 40% of FHA loans are used in conjunction with DPA's which keep prices artificially inflated.) What are your thoughts? Thanks.

June update? ( 4 months ago by harley1932)

June update?

Mark where are you ... ( 3 months ago by Benzini9)

Mark where are you buddy? I need your data for the last few months! Ha Take care!

I can't believe ... ( 3 months ago by adrock5151)

I can't believe only 6,000 people hear this info and over 300 million didn't. No wonder they have their head in the sand!

This guy called ... ( 3 months ago by pingish)

This guy called Lehman right on the nose! You rule!

Array ( 3 months ago by cruisemates)

Unbelievable!!!! I have a sister in Los Angeles who is a NegAm victim from WaMu. Anyway - Guess what her name is, (I am not lying): CINA (short for Marcina). I didn't know the first thing s about these loans until she told me she has one.

Hey Mr Mortgage, ... ( 3 months ago by Cherokee15676)

Hey Mr Mortgage, love your work. I'm in the UK and I would like to know why neg equity is an issue for 'home owners' here if they are not planning on taking any home equity loans out? Could it be that they may have trouble taking out a new mortgage at a reasonable rate when their fixed rate deal comes to an end? And if so, is this because the banks view them as a liability because there homes are falling in value?

That's Enron ... ( 3 months ago by rotinek)

That's Enron accounting. Forward booking revenue that doesn't exist & is never coming. This is mind-blowing.. Thanks for all your hard work Mr Mortgage! Many thousands of people truly appreciate your work. Keep up the great work!! We need you

Neither a lender ... ( 2 months ago by ninyae)

Neither a lender nor a borrower be.