Mortgage Meltdown News and Must See Videos

Anchor Advisors and Associates was bred from more than 40 years in the real estate & finance business with thousands of deals under our belts before we successfully retired prior to 9-11-01. After the mortgage meltdown we were re-born with a Mission to Make A Difference, sponsored by the Anchor Assistance Alliance, and we're currently leading the way to safe harbor anchor in the post meltdown market, you're welcome to follow in our foot steps, it can be life changing!

The Mortgage Meltdown left a lot of problems in it's wake and affects almost everyone to one extent or another whether you know it or not, a good example with some shocking revelations about Linda Green and more was aired on:

60 Minutes April 3, 2011

Mortgage Meltdown CBSIn an eye opening segment titled The next housing shock CBS's Scott Pelley introduced us to Lynn Szymoniak who had spent a career investigating insurance fraud when a bank moved to foreclose on her Florida home and she was surprised to find out just who Linda Green was with results that are just too shocking to describe.

Note: The mortgage & housing market is a moving target and you should at least be aware, we won't make an attempt to keep you up to date, that is the purview of our specialist Advisors, we'll provide you with enough to know that like an attorney, if you attempt to represent yourself you have a fool for a client. Our specialist stay educated so you don't have to, you get the benefit of the education without having to learn the lessons. All videos on this page are worth watching but the Must See playlist is right below, it starts with the Linda Green Story excerpt from 60 minutes.
The cascade of events that began in 2007, leading to the worst global economic downturn since the Great Depression of the 1930s includes:

  • August 6, 2007. American Home Mortgage, the 10th largest retail mortgage lender in the US, files for bankruptcy.

  • September 28, 2007. Internet banking pioneer NetBank declares bankruptcy.

  • November 1, 2007. The Federal Reserve creates $41 billion to inject into undercapitalized banks.

  • March 14, 2008. Bear Stearns collapses; JP Morgan acquires its assets for 8% of the pre-crisis price.

  • May 7, 2008. Vallejo, California, declares bankruptcy.

  • July 30, 2008.  Congress increases debt ceiling by $800 billion to pay for the federal bailout of the Fannie Mae/ Freddie Mac mortgage business.

  • July 31, 2008. IndyMac Bancorp declares bankruptcy after being seized by US regulators – the third largest bank failure in US history.

  • September 7, 2008. The US Treasury takes over Fannie Mae/Freddie Mac.

  • September 15, 2008. Lehman Bros., with assets of $639 billion, files the largest bankruptcy in US history.

  • September 16, 2008. Crisis in the money market funds escalates when the Reserve Primary Fund redeems shares at 97 cents to the dollar.

  • September 16, 2008. The Fed lends $85 billion to AIG Insurance.

  • September 25, 2008. After a $17 billion bank run, US regulators seize Washington Mutual in the largest bank failure in US history.

  • October 3. 2008. President George W. Bush signs legislation authorizing US Treasury to spend up to $700 billion to purchase distressed assets and inject cash into the banking system.

  • October 6, 2008. The Fed begins making $900 billion in short-term cash loans to banks.

  • October 11, 2008. The Dow Jones Industrial Average caps its worst week in history with the highest volatility day ever recorded. The Dow loses 22.1%, down 40.3% since reaching an all-time high almost exactly one year earlier.

  • October 21, 2008. The Fed unveils a $540 billion plan to shore up money market funds.

  • November 24, 2008. The Fed and US Treasury rescue Citigroup after its stock price falls 60% in a week. The total capital infusion comes to $45 billion.

  • December 30, 2008. Foreclosures decrease the value of the average home 18% from previous year – the largest drop in history.



60 Minutes April 3, 2011: The next housing shock

As more and more Americans face mortgage foreclosure, banks' crucial ownership documents for the properties are often unclear and are sometimes even bogus, a condition that's causing lawsuits and hampering an already weak housing market. Scott Pelley reports.


If that didn't open your eyes you must be blind or numb. Be sure to see Lynn Szymoniak's happy ending (to the tune of $18,000,000) in our March 18, 2012 follow up at the link below. (opens in a new window)


http://www.anchoraa.com/index.php?news&nid=219



MERSEver heard of MERS? You need to know more. Tuesday, March 8th, 2011

 Excellent article: “MERS Corporation, claims to hold title to roughly half of all the home mortgages in the nation — an astonishing 60 million loans. Never heard of MERS? That’s fine with the mortgage MERS Mortgage Mafiabanking industry—as MERS is starting to overheat and sputter. If its many detractors are correct, this private corporation, with a full-time staff of fewer than 50 employees, could turn out to be a very public problem for the mortgage industry.” To read the article, go to:


MERS? It May Have Swallowed Your Loan

F.D.I.C. Sues Ex-Chief of Big Bank That Failed - Thursday, March 24th, 2011

 

Definitely too late to help many homeowners, but the Federal Deposit Insurance Corporation sued the former chief executive of Washington Mutual and two of his top lieutenants, accusing them of reckless lending before the 2008 collapse of what was the nation’s largest savings bank. Read the article by clicking on the link below:

 

http://www.nytimes.com/2011/03/18/business/18bank.html?_r=2


We would appreciate it if you would take our Post Mortgage Meltdown Survey using the link below. Your answers are confidential and will help us provide better solutions. The survey will probably help you too.


Our Post Mortgage Meltdown Survey can be accessed from the link below.


Click here: Post Mortgage Meltdown Survey

 

Our Post Mortgage Meltdown Survey provides context for our programs and the problems they solve. Your Associate can help you select a program or combination of programs to help you solve most post mortgage meltdown problems and challenges if you have been affected.

 


Forensics Loan Fraud

It is estimated that over 90% of sub-prime mortgages reveal violations in RESPA (Real Estate Settlement Procedures Act), TILA (Truth in Lending Act), predatory lending, and real estate and mortgage fraud. Both a Forensic & Securitization Audit will be needed to get the real facts. If an actual lawsuit is filed a Court of Law decides the outcome - Not the Bank.

 

 

Mortgage Anxiety

 



Relevant Related Pages on our site


Other ShoeFraudclosure by Bankster

Modification or Reduction

Loan Audits

Free Mini Audits

Will the other shoe Drop?



Produce the Note Dates Back to 1600