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Bad Mortgages 6PM Hr (1/5)
Wall Street Journal Outlines Rep. Joe Baca's Responsibility For Riff Raff Loans
[0:08:09] ... talk. These illegal. When the banks were openly. Marketing for illegal alien mortgage we knew that then I remember us talking about like what they don't. Listen to us. This whole economic collapse would not have happened. You get illegal aliens being pursued by major banks and you have a congressman Joe block who is it up to his hips. -- it and -- out they considered it the big untapped market particularly when the housing boom started the hell off a little -- 20042007. That's a lot of his focus is on your mortgage lenders flooded. Mr. pockets San Bernardino California district with loans that often didn't require down payments or solid credit ratings or documentation ...
[0:09:59] ... Hispanic and ranks number five among all congressional districts in percentage of home loans. Not tailored for prime borrowers to put that there but the caucus bullets of the initiative few years back old -- HO GA are the Spanish word for home to work with industry and community groups to increase mortgage lending to Latinos and we come back. Explain just how much money. Jill buck a senior in a regional pocket junior. From the mortgage industry owners. Voters -- intention to defiance exported stimulating talk radio. Tonight -- Kennedy and sets at 730 the lord has. ...
[0:11:02] ... his district is number five among balking -- districts in percentage of home loans. That did not go to a crime borrower. Illegal alien loans illegal aliens sub prime loans have to show documentation and didn't come no down payment no credit -- didn't matter. And he helped create 88 housing initiative called whole -- That's Spanish for home. You know who provided the funding for this group -- we think this group was going to increase mortgage lending to Latinos. Well the national association of Hispanic real estate professionals they jumped right on this Wall Street Journal says they ...
[0:12:03] ... was created in 2003. To work with industry community groups to increase mortgage lending to Latinos. I get this in Washington Mutual vice president was chairman. Of its advisory committee. Companies that donated a 150 ...
[0:12:40] ... districts. It found Hispanic homeownership on the rise thanks to new flexible mortgage loan products that the industry was a duck -- adopting. ...
[0:12:49] ... Yes -- flexible mortgage products -- No no proof of income. No down payment. History and I NA needle nose. No income no assets the national association of Hispanic real estate professionals one of the sponsors of -- are. She -- the research data built a large membership to market loans to Latinos. They grew to 16000 agents mortgage brokers and again. They didn't care that these illegal aliens couldn't pay the mortgages because all these mortgages were going to be ...
[0:13:51] ... cold nor -- for short. According to the president -- Sandoz. While home prices were rising the lending risks seem minimal we would say is he breathing okay we'll give a mortgage yet and that's stupid. That that that -- ass tonight. These these coming real estate agents are -- many of camera wire ...
[0:14:52] ... Seller financed down payment assistance program seller France oh I see the mortgage company would put the down payment. Yes would make the down payment and higher for a buyer of the words they would love you all the money to buy a home builder would do it. And what they did was the home builders would donate to the nonprofit. And that money would be used so buyers make it down to announce the kickback Deanna ...
[0:15:45] ... Girardeau could diva Bolivian immigrant who works as an electrician. Bought a home in suburban Virginia for 330000. With no money down. He said I said this is too good to be true 123 years old with a thinly but I don't announce. When work slowed of course he ran into trouble is adjustable rate mortgage the payments -- increasing the price of the house is going to drop. I started to think is really worth it and ...
[0:22:37] ... hold our housing initiatives. To work with industry community groups to increase mortgage lending to Latinos. They succeeded doing that. ...
[0:22:46] ... it didn't matter -- Latino walked in the door they got a mortgage. They -- didn't -- it and other Democrats and Republicans including George Bush worked for years promoting this idea that it's unfair ...
[0:24:30] ... payment money to the buyers. And they would get the money from home builders would give them donations. Because a -- dream was listed as a nonprofit right if all that and and you to you know the home builders. Paid off Marjorie. And -- and -- in order to get. The chance to construct these homes to begin. A marriage it would also give money to Joe pockets foundations. This action one called the jewel blocked a foundation. Include the executive director of the Joe Buck a foundation but -- pocket junior. It'll the only area 51800. Dollars job market junior meet every year as executive director the foundation is run of the congressman's home. How about that. I mean c'mon. This is pretty blatant as this. Did they give a damn about whether Latinos don't follow ...
[0:25:47] ... represents all the legal elite he represents. They're all they're all home in Mexico within their mud -- now. ...
[0:25:54] ... From 2004. To 2005 total non crime non prime home loans was -- more than tripled. A 69 billion dollars from just nineteen billion and actually peaked in 6 at 73. Million dollars. That was the real running period for this vets and Joe -- and all of his buddies who were trying to get Latinos these home loans went crazy. An analog or defaulting similar tricks they used mania -- at a borrower's name two or relatives bank account ...
[0:28:08] ... might in California and the illegal aliens but the illegal alien now home what was your help rock the system as well. You can't. Turn poor people without education and skills it's a middle class ...
[0:30:21] ... congressman. Working with this Hispanic real estate professional group working with the mortgage lenders working with other nonprofit we know. You wonder that this be time to read these stories nobody stopped and said I'm -- these people actually going to be able pay for these ladies are. What do I mean if you're given a loan to somebody who who's who's obviously a garden right. But there but that that your your -- a month three or 400000 dollars. Thank you take short term profit by you get your mortgage going to get get bonus whenever you get your cut you get your bonus the mortgages sold to somebody else. They all ...
[0:31:34] ... can't they -- name. But the loan officers the loan officers the mortgage brokers all these bastards who were involved in the change of making the deal. You're hoping there'll suffering right now that there were some rough justice -- all -- for all the sins committed there is also pretty good story in the New York Times about Washington Mutual. Not just -- lending to Latinos who couldn't pay the loans but just going crazy in general may actually talk to again. Who was one of their mortgage brokers who's now in prison. Few of these guys are in prison. Not a Fed up. He said I'd lie if I ...
[0:33:20] ... up again all sorts of problems. Are these these anchors are these mortgage brokers actually work. And -- that -- that their work indicate picnic -- house now that's what I want to here. After ...
Ghoul Pool 5PM Hr (1/5)
Ghoul Pool 2008 Winners & 2009 Entries
[0:00:02] ... radio -- to get judge and tips sham Bo got to go home 2009. That's right it's always the kickoff show for the new year were all back here. Until January 5 canceled back. But ...
[0:12:17] ... That's a little hard it was somebody found dead car outside her home or something -- months ago and -- into grim -- is getting closer I think the woman was stalking -- it was ...
[0:38:18] ... come back congressman Joe -- San Bernardino and his role in the mortgage disaster. Encouraging outpour of Hispanics and illegal aliens homes that it couldn't afford -- deserve. We'll tell you become bacterial grants and ...
Ken's Trip 3PM Hr (1/5)
Ken Recounts His Trip To Asia
[0:13:37] ... any thing itself and I landlords and that's California currency tonight or mortgage company. If that's right as I don't work. Now Schwarzenegger is budget proposal for. 910. Hyde does include reducing the did dependent ...
[0:36:31] ... a dishonest part of Democrats. Skeletons skeletons not. Our case -- a home run on Matt absolutely got to replies RK. We just disagree but you do yourself in your viewpoint a disservice by being ...
[0:38:18] ... Concerns about home court order but even so parties Democrats say the economic stimulus package a proposal have a lot of tax cuts part of ...
Financial Advice_Hr4_1-5-09
Tom gives financial tips on how to save money in the new year.
[0:02:13] ... say these are brand -- you car insurance lately or -- home insurance fire insurance -- earthquake insurance flood insurance whenever. It is time to go over that list and -- for example. They keep telling you that Dell home values are down home values down. Doesn't that mean they tell you need less insurance that's a question I'm asking new. Maybe you want to have ...
[0:29:58] ... what you can just say F viewer of the Bausch and stay home for a while. ...
[0:30:52] ... are you buying it now I'm not asking how you paying the mortgage you read it funny bush said down payment. Please get -- truck. ...
[0:31:18] ... Home Redding California you're telling me you get a house in banning for 48000. Yeah. I want business cardboard giant cardboard box. ...
[0:31:45] ... So how are you gotta pay the mortgage if you're gonna have my house in banning and you have no job -- ...
[0:32:19] ... you're gonna have to pay for what they call EMI which is mortgage insurance. And they add that to the price of your how -- And -- paying interest on forever. ...
1.05 Thurman Thomas
Thurman's segments have become 'must-listen'. The Hall of Famer sounds off on the state of the Bills and the NFL
[0:06:36] ... positive you've got like Adrian Peterson in the guy's going to be home run for ten years. ...
[0:09:19] ... when you can -- now I -- technical college in its mortgage and -- Don't boat -- special and wants sync utility in the -- make employees. Look historically and in the so little ...