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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 ...
[0:10:15] ... 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. ...
[0:11:27] ... 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 ...
[0:13:59] ... 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 ...
[0:14:40] ... 25000. Dollars and something called a marriage green ink he nonprofit. Housing company and hold our sponsor. Mr. -- has long back to merry dreams controversy all. 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 ...
[0:16:00] ... 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 ...
[0:24:08] ... to something called a marriage dream incorporated which is a nonprofit. Housing company. And very apparently weren't sponsor. Of this hold our group we mentioned it was formed by -- congressional Hispanic caucus. American dream ...
[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 ...
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 care ...
Financial Advice_Hr4_1-5-09
Tom gives financial tips on how to save money in the new year.
[0:04:44] ... to take a look at that. How -- cell phone company itself. You know they keep lowering the -- cell phone service here in LA this company called metro PCS they -- thirty bucks a month -- sell servers are you paying more than my. Maybe it's time to call your cellphone company and asked him point blank what's the best offer -- the lowest -- you know. When they lowered the prices at the cellphone company. They don't call you would tell you can guess what we -- lower price. ...
[0:05:18] ... Did he really got on the phone or cellphone company be done that. ...
[0:05:30] ... by asking god telling you tried I don't -- what cell phone company US call and tell the music game canceling the service. Call and tell the music the prices of July I'm telling you ...
[0:19:44] ... me because I know I don't know if he probably -- company works for an I don't want to know. ...
[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. ...
[0:31:45] ... 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. ...
[0:41:40] ... One particular credit card company that was working with me pretty well and their help me out making some big purchases that I needed. ...
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
[0:09:19] ... 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 bit -- the first round and let you know what act been battered in -- I think to elaborate that they of them -- martial art to probably do Linux -- like -- building up -- Smith center and really -- She owed debt in Atlanta game against the hatred that -- care -- at this -- that -- complexes -- Sky high right now -- definitely big company that your training camp mixture that he could possibly push. Watch out for hours starting running back position are you know we ...
NPR: 01-05-2009 Talk of the Nation - Hour 1
Stories: 1) Building A Better Economic Stimulus Plan 2) Op-Ed: Backing Burris For Being Black?
[0:10:51] ... main street to students and two. Two small businesses in two. Distressed mortgage -- but it didn't work hasn't worked so maybe that's our program needs to be completely changed. And hopefully Kelly you can ...
[0:28:53] ... really a crisis on. When -- called the demand side of the company -- the consumers. Certainly after the housing bubble burst. Could no longer get money out of their houses could no longer get ...