Online Mortgages

A second wave of mortgage defaults is about to come (2 of 2)

Duration : 0:5:58

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Technorati Tags: 60, America, bailout, crash, Defaults, Estate, Minutes, mortgage, of, Real, second, Wave

Second Wave Of Mortgage Defaults

Duration : 0:6:29

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Technorati Tags: 60, America, bailout, crash, Defaults, Estate, Minutes, mortgage, of, Real, second, Wave

A million Americans who could afford to pay their mortgages on homes “underwater” walked away instead. It’s the “in thing” one tells Morley Safer in a report to be broadcast this Sunday, May 9, at 7 p.m. ET/PT.

Duration : 0:0:59

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Technorati Tags: 60, cbsepisode, Minutes, morley, mortgages, safer

A million Americans who could afford to pay their mortgages on homes “underwater” walked away instead. It’s the “in thing” one tells Morley Safer in a report to be broadcast this Sunday, May 9, at 7 p.m. ET/PT.

Duration : 0:0:59

(more…)

Technorati Tags: 60, cbsepisode, Minutes, morley, mortgages, safer

In 2007 the Real Estate Bubble began to deflate with Subprime mortgages busting the loudest. The stock market collapse in half in 2008.

This 60-Minutes special features experts that say 2010 is going to be worse. Millions more Americans are going to face foreclosure with their homes underwater, even prime mortgages. Home values are going to decrease another 30-50% in the most inflated markets. Get out now and go into safer assets.

Be ready investors and 401k holders, your stocks are about get cut in half AGAIN when this new panic across the entire platform of the housing market in 2010/2011.

Deflation, then more bailouts/stimulus, then serious inflation.

Duration : 0:9:45

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Technorati Tags: 500, 60, Alt-A, ARM, away, collapse, Commerical, Copper, DOW, Estate, ETF, ETN, Flipping, foreclosure, gas, gold, home, house, housing, investor, Jones, Losing, Minutes, mortgage, oil, Option, prime, rates, Real, S&P, silver, subprime, Teaser, underwater, value, walk

In a segment on CBS that aired yesterday, 60 Minutes correspondent Scott Pelley talks to investment and credit experts about the new types of mortgages that will create a second wave of foreclosures. The country has already suffered the subprime mortgage crisis, and the experts say the next wave of risky mortgages to default are the Alt-A and option ARM mortgages, which were also bundled into Wall Street securities and sold to investors.
For more information plesae click the link:
http://www.cbsnews.com/stories/2008/12/12/60minutes/main4666112.shtml?tag=FeatureBoxTabsContent;FeatureBoxTabs2

Duration : 0:4:40

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Scott Pelley reports on the mortgage crisis that’s far from over, with a second wave of expected defaults on the way that could deepen the bottom of the U.S. recession.

Duration : 0:12:30

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Technorati Tags: 60, economy, Minutes, Peley, recession, Scott, U.S.