Here is my today's story about how the credit management has changed so drasticly that it becomes almost ridiculous.
I am a very proud "legal permanent resident Alien" since last Monday, and even if I am not from Mars, I am thankful to America for welcoming me and my family, even if we are French...
So it is time for me now to hold on my promises, one of them was to buy a brand new American car, Hybrid for sure. Which I almost did today....almost....
The Ford dealer tried everything to get me a loan, did not work...why ??
"No credit history, Sir" , in fact no mortgage or car loan history, the credit card one is not good enough...which means you have to be already in debt to obtain a new credit....interesting....in a word, the privite money borrowers are only taking risks on people who are already at risk...
The last dealer's solution was to do a down payment of 25% instead of 10%, which I don't think a lot of people could do, me either obviously.
Fair enough, I will drive to my Bank of America branch and have a loan to reach the 25%..after all, I am a five years customer with no troubles at all on my account, couple of grant saving and an over 100K a year salary, that should do it, right ?
"Sorry Sir, but you have to apply online, we are not authorized anymore to talk and take loans with the public..." What ? "Yes Sir, sorry, we do not agree with this neither, but that's it..." Really ?? "Unfortunately, yes...Sir...Sorry..." Same thing with the Supervisor...more and more fun, uh ?
Ok, back home on the .com, fill up the application...guess what ?? denied....why ?? nobody seems to know, after an hour on the phone with all the associates from all the diiferent services you can think about...just to find out at the end, that all the data you are entering are not approved by a human being...a software...
More to come....
Bank of America online banner....reads.....FREE CHECKING.....no service charge
The gimmick is put and maintain balance of $300.
If your balance of YOUR MONEY in YOUR ACCOUNT goes below $300 they can charge you $5.95
monthly service charge ...on ....MY MONEY.
MY MONEY in their pocket...but if is use ...MY MONEY...they charge me.
That means....I should just GIVE THEM ...$300 for life...as a CHARGE for a FREE CHECKING ACCOUNT.
I would be better off than to think it was still ...MY MONEY...as I would not be tempted to use it if it were not in MY ACCOUNT,...and get CHARGED...to use it.
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
Then there is FREE OVERDRAFT...up to $300 .....that cost.....$36 ...on approved credit.
I was GIVEN ...FREE OVERDRAFT...after passing a CREDIT CHECK...on one account.
DENIED IT ON THE SECOND ACCOUNT......member of the bank ...for decades....V.
Jobless Hit with Bank Fees on Unemployment Benefits By CHRISTOPHER LEONARD, AP Business Writer
For hundreds of thousands of workers losing their jobs during the recession, there's a new twist to their financial pain: Even as they're collecting unemployment benefits, they're paying bank fees just to get access to their money.
Thirty states have struck such deals with banks that include Citigroup Inc., Bank of America Corp., JP Morgan Chase and US Bancorp, an Associated Press review of the agreements found. All the programs carry fees, and in several states the unemployed have no choice but to use the debit cards. Some banks even charge overdraft fees of up to $20 — even though they could decline charges for more than what's on the card.
"It's a racket. It's a scam," said Rachel Davis, a 38-year-old dental technician from St. Louis who was laid off in October. Davis was given a MasterCard issued through Central Bank of Jefferson City and recently paid $6 to make two $40 withdrawals.
The banks say their programs offer convenience. They also provide at least one way to tap the money at no charge, such as using a single free withdrawal to get all the cash at once from a bank teller. But the banks benefit from human nature, as people end up treating the cards like all the other plastic in their wallets.
The fees are raising questions from lawmakers who just recently voted to infuse banks with taxpayer money to keep them afloat.
Rep. Carolyn Maloney, D-N.Y., a member of the House Financial Services Committee, said the situation points to "yet another example of how we need to regulate the ways in which banks charge overdraft and other fees."
"Banks, particularly ones that have received federal help, should not be imposing endless fees and charges on the unemployed in this time of economic crisis," said Maloney, who has written a bill to require that consumers be notified at the point of sale if they're about to incur overdraft fees.
Some banks, depending on the agreement negotiated with each state, also make money on the interest they earn after the state deposits the money and before it's spent. The banks and credit card companies also get roughly 1 to 3 percent off the top of each transaction made with the cards.
Neither banks nor credit card companies will say how much money they are making off the programs, or what proportion of the revenue comes from user versus merchant fees or interest. It's difficult to estimate the profits because they depend on how often recipients use their cards and where they use them.
But the potential is clear.
In Missouri, for instance, 94,883 people claimed unemployment benefits through debit cards from Central Bank. Analysts say a recipient uses a card an average of six to 10 times a month. If each cardholder makes three withdrawals at an out-of-network ATM, at a fee of $1.75, the bank would collect nearly $500,000. If half of the cardholders also dial customer service three times in any given week (the first time is free; after that, it's 25 cents a call), the bank's revenue would jump to more than $521,000. That would yield $6.3 million a year.
Rachel Storch, a Democratic state representative, received a wave of complaints about the fees from autoworkers laid off from a suburban St. Louis Chrysler plant. She recently urged Gov. Jay Nixon to review the state's contract with Central Bank with an eye toward reducing the fees."I think the contract is unfair and potentially illegal to unemployment recipients," she said.Central Bank did not return two messages seeking comment.
Glenn Campbell, a spokesman for Rep. Russ Carnahan, D-Mo., said the congressman would support a review of the debit card programs nationwide.
Another 10 states — including the unemployment hot spots of California, Florida and South Carolina — are considering such programs or have signed contracts. The remainder still use traditional checks or direct deposit.
With the national unemployment rate now at 7.6 percent, the market for bank-issued unemployment cards is booming. In 2003, states paid only $4 million of unemployment insurance through debit cards. By 2007, it had ballooned to $2.8 billion, and by 2010 it will likely rise to $10.5 billion, according to a study conducted by Mercator Advisory Group, a financial industry consulting firm.
The economic stimulus plan signed by President Barack Obama this week will increase federal unemployment benefits by $40 billion this year. Subsequently, there will be more money from which banks can collect fees. The U.S. Department of Labor allows the fees as long as states create a way for recipients to get their money for free, spokeswoman Suzy Bohnert said."Beyond that, the individual decides how to manage his drawdowns using the debit card," she said in an e-mail.
A typical contract looks like the agreement between Citigroup and the state of Kansas, which took effect in November. The state expects to save $300,000 a year by wiring payments to Citigroup instead of printing and mailing checks.
Citigroup's bill to the state: zero. The bank collects its revenue from fees paid by merchants and the unemployed.
"If you use your card the right way, you're not going to pay fees at all," said Paul Simpson, Citigroup's global head of public sector, health care and wholesale cards.
But that's not always practical.
Arthur Santa-Maria, a laid-off engineer who lives just outside Albuquerque, N.M., said he didn't pay any fees the first time he was laid off, for several months in 2007. His unemployment benefits were paid by paper checks. He found a new job last year but was laid off again last fall.
This time, he was issued a Bank of America debit card — a "prepaid" card in industry lingo — but he was surprised to learn he had to pay fees to get his money. He asked the bank to waive them. It said no. That's when Santa-Maria called back to ask how to check his account online. He logged on and saw that the call cost him a half dollar. To avoid more fees, Santa-Maria found a Bank of America ATM at a strip mall and withdrew $80 at no charge. When he got back to his car, he decided to take out the rest of his money — $250 — and deposit it in his bank account.Afterward, Santa-Maria logged on to his account and saw a charge of $1.50 for two withdrawals in one day.
"They're trying to use my money to make money," Santa-Maria said. "I just see banks trying to make that 50 cents or a buck and a half when I should be given the service for free."New Mexico authorities bargained with Bank of America to get lower fees for unemployment recipients, said Carrie Moritomo, a spokeswoman for the state Department of Workforce Solutions. The state saves up to $1.5 million annually by switching from checks to debit cards.
Bank of America spokeswoman Britney Sheehan pointed out that the fees charged in New Mexico are similar to those charged in the 29 other states with unemployment debit cards. The bank believes "the fee schedule is reasonable and consistent with similar programs," she said.Banks could issue unemployment debit cards with no fees for cardholders, but that would likely mean that states would have to pay more of the administrative costs, said Mark Harrington, director of marketing for Citigroup's prepaid card services. If a state demanded no cardholder fees and could pay the difference, Citigroup might enter such a contract.
"We would be open to that," Harrington said. "We're not looking to structure any programs where we would lose money, but we're definitely flexible."
Simpson noted that the cards can save money for jobless workers who have no bank accounts. In the past, these people had to use corner check-cashing shops that charged fees as high as 2 percent, or $6 for a $300 check. Now, they can swipe their cards at McDonald's, Wal-Mart or elsewhere for free.
Kenna Gortler, a laid-off paper mill worker in Oregon, said her union is advising members to avoid the debit cards and sign up to get their benefits through direct deposit. More than 300 of her fellow workers have lost their jobs at the mill in the last three months, and horror stories about ATM fees and overdraft charges are starting to filter back to others who are just now signing up for their benefits.
"It's discouraging," Gortler said. "People have limited funds and they don't need to be giving money to the banks. They need to be keeping that money to feed their families and pay bills."
source: http://news.yahoo.com/s/ap/bank_fees_jobless_benefits
Jobless Benefit Fees: http://my.barackobama.com/page/community/post/president/gGxhrn
"Many people took out loans they were never going to be able to afford,never! That means somebody knew from day one they were never going tobe able to pay back the loans." The bankers approved these loans and used the money to pay themselves bonuses and payed our government representatives to look the other way…that’s where we are…any suggestions for getting us out of the mess are welcome…but if you just want to play the blame game…where does that get us?
Read what was spammed on the comments section of my blog:
The people that bend the rules GET PAID!
You too can bend the rules by printing out fake paystubs w-2 w2 1099 forms usinghttp://www.PROOFOFEMPLOYMENT.com
Buy a home, car or get a huge irs tax refund just for being you! Do what you have to do to get yours! EVERYONE ELSE DID!!
http://www.FAKEPAYCHECKSTUBS.com
Print out Fake Employment and Fake Income, Wages, 1099, w2, w-2, using your home computer printer!
Oy vey!!
RBC Bank President Gordon Nixon - Salary $11.73 Million
$100,000 - MISTAKE (FISHERMEN'S LOAN)
I'm a commercial fisherman fighting the Royal Bank of Canada (RBC Bank) over a $100,000 loan mistake. I lost my home, fishing vessel and equipment. Help me fight this corporate bully by closing your RBC Bank account.
There was no monthly interest payment date or amount of interest payable per month on my loan agreement. Date of first installment payment (Principal + interest) is approximately 1 year from the signing of my contract.Demand loan agreements signed by other fishermen around the same time disclosed monthly interest payment dates and interest amounts payable per month.The lending policy for fishermen did change at RBC from one payment (principal + interest) per year for fishing loans to principal paid yearly with interest paid monthly. This lending practice was in place when I approached RBC.Only problem is the loans officer was a replacement who wasn't familiar with these type of loans. She never informed me verbally or in writing about this new criteria.
Phone or e-mail:RBC President, Gordon Nixon, Toronto (416)974-6415RBC Vice President, Sales, Anne Lockie, Toronto (416)974-6821RBC President, Atlantic Provinces, Greg Grice (902)421-8112 mail to:greg.grice@rbc.comRBC Manager, Cape Breton/Eastern Nova Scotia, Jerry Rankin (902)567-8600RBC Vice President, Atlantic Provinces, Brian Conway (902)491-4302 mail to:brian.conway@rbc.comRBC Vice President, Halifax Region, Tammy Holland (902)421-8112 mail to:tammy.holland@rbc.comRBC Senior Manager, Media & Public Relations, Beja Rodeck (416)974-5506 mail to:beja.rodeck@rbc.comRBC Ombudsman, Wendy Knight, Toronto, Ontario 1-800-769-2542 mail to:ombudsman@rbc.comOmbudsman for Banking Services & Investments, JoAnne Olafson, Toronto, 1-888-451-4519 mail to:ombudsman@obsi.ca
http://www.pfraser.blogspot.com
http://www.corporatebully.ca
http://www.youtube.com/CORPORATEBULLY
http://www.p2pnet.net/story/17877
"Fighting the Royal Bank of Canada (RBC Bank) one customer at a time"
The Pickens Plan: For those who would like to become an active participant in a solution for our nations energy needs I urge you to join with T.Boone Pickens in his quest for a cleaner planet through alternative energy.
Also see Green Wave Energy: Green Wave was founded by Mark Holmes and was formulated for viable alternative energy solutions. Green Wave Energy is promoting state-of-the-art energy-saving products and services throughout the country.
Green Wave Energy understands alternative energy technology will become “main stream” when
Call 949.645.1701 for information on how Green Wave Energy can help you save the planet.
Alternative EnergySource: David Apperson
url: http://veterans.barackobama.com/page/community/tag/alternative-energy
Obama Embrace of Wall Street Insiders Points to Politic Reforms By Heidi Przybyla
Nov. 19 (Bloomberg)
...
Just by being elected, even before he sets foot in the White House, Obama has changed the course of history. And starting in January, he'll have a rare chance to overhaul a financial regulatory system that failed to prevent the worst crisis in decades -- if he chooses to seize the opportunity.
http://www.bloomberg.com/apps/news?pid=20601070&sid=aWSz2kUxdTiU&refer=home
Normally, I wouldn't post this, but something irked me at 1:20-1:50 on this criticism of the Global Financial Summitt (Source: http://www.youtube.com/watch?v=COtE1J5NMbo). If you've read this Real Clear Politics link (http://www.realclearpolitics.com/articles/2008/04/the_age_of_nonpolarity.html), do you notice any similarities?
I hope I'm wrong, but I don't like sea urchins, either!
Feel free to discuss!
EMK
The full text, two pages, is at http://forteplan.com/obama/foreclosure_solutions.pdf (or .doc)
The basics here:
In the worst case, of an actual foreclosure and title revision/transfer back to the lender, the people stay - the occupants stay - and they become tenants with first option to rebuy in a reasonable contract.
Show me a vacant, run-down, becoming-delapidated house and yard that is selling well !
Show me a neighborhood full of such homes that is working out well for the lender-foreclosure-owners !
Read the outline, and consider that this saves everyone money and stress - AND - it increases and fuels the economy in other ways, for jobs and for businesses that sell things that homeowners, or home occupants and tenants, do buy, but that rats and cockroaches never seem to buy!
Go figure.
(Why are bankers seeming more and more to be so stupid when it comes to financial management and planning?)
Bank
* Deposits (raise limits FDIC)
* Credit (ease credit crunch)
Housing
* Mortgage Payments (foreclosure help)
* Home Repairs (Energy Efficiency/ Weatherization)
* Heating Bills (Low Income Assistance)
Cars
* Tune up (re-tool Detroit)
* Fuel (research alternative energy)
* Roads (Repair roads and bridges, mass transit)
Food
* Clean the Fridge (outdated regulations and subsidies)
* Buy Groceries (Food Safety Update - high fructose corn syrup?)
Doctor
* Check Up (Universal Health care)
* Prescriptions (Drug safety - review FDA regulations & lower prices)
Schools
* New Teachers (Pay increase/ Merit pay)
* School Supplies ( Update and Modernize for energy efficiency, safety and computers)
"Watch Your Rights!" (StahrT)
See also Bernanke Spilled the Beans!!! (Opninions and Debate)
Federal Reserve Board Abolition Act (Introduced in House)
HR 2755 IH
110th CONGRESS
1st Session
H. R. 2755
To abolish the Board of Governors of the Federal Reserve System and the Federal reserve banks, to repeal the Federal Reserve Act, and for other purposes.
IN THE HOUSE OF REPRESENTATIVES
June 15, 2007
Mr. PAUL introduced the following bill; which was referred to the Committee on Financial Services
A BILL
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,
SECTION 1. SHORT TITLE.
This Act may be cited as the `Federal Reserve Board Abolition Act’.
SEC. 2. FEDERAL RESERVE BOARD ABOLISHED.
(a) In General- Effective at the end of the 1-year period beginning on the date of the enactment of this Act, the Board of Governors of the Federal Reserve System and each Federal reserve bank are hereby abolished.
(b) Repeal of Federal Reserve Act- Effective at the end of the 1-year period beginning on the date of the enactment of this Act, the Federal Reserve Act is hereby repealed.
(c) Disposition of Affairs-
(1) MANAGEMENT DURING DISSOLUTION PERIOD- During the 1-year period referred to in subsection (a), the Chairman of the Board of Governors of the Federal Reserve System–
(A) shall, for the sole purpose of winding up the affairs of the Board of Governors of the Federal Reserve System and the Federal reserve banks–
(i) manage the employees of the Board and each such bank and provide for the payment of compensation and benefits of any such employee which accrue before the position of such employee is abolished; and
(ii) manage the assets and liabilities of the Board and each such bank until such assets and liabilities are liquidated or assumed by the Secretary of the Treasury in accordance with this subsection; and
(B) may take such other action as may be necessary, subject to the approval of the Secretary of the Treasury, to wind up the affairs of the Board and the Federal reserve banks.
(2) LIQUIDATION OF ASSETS-
(A) IN GENERAL- The Director of the Office of Management and Budget shall liquidate all assets of the Board and the Federal reserve banks in an orderly manner so as to achieve as expeditious a liquidation as may be practical while maximizing the return to the Treasury.
(B) TRANSFER TO TREASURY- After satisfying all claims against the Board and any Federal reserve bank which are accepted by the Director of the Office of Management and Budget and redeeming the stock of such banks, the net proceeds of the liquidation under subparagraph (A) shall be transferred to the Secretary of the Treasury and deposited in the General Fund of the Treasury.
(3) ASSUMPTION OF LIABILITIES- All outstanding liabilities of the Board of Governors of the Federal Reserve System and the Federal reserve banks at the time such entities are abolished, including any liability for retirement and other benefits for former officers and employees of the Board or any such bank in accordance with employee retirement and benefit programs of the Board and any such bank, shall become the liability of the Secretary of the Treasury and shall be paid from amounts deposited in the general fund pursuant to paragraph (2) which are hereby appropriated for such purpose until all such liabilities are satisfied.
(d) Report- At the end of the 18-month period beginning on the date of the enactment of this Act, the Secretary of the Treasury and the Director of the Office of Management and Budget shall submit a joint report to the Congress containing a detailed description of the actions taken to implement this Act and any actions or issues relating to such implementation that remain uncompleted or unresolved as of the date of the report.
ALL ACTIONS:
Feel free to debate and discuss, as this is an important bill.
"The society's degradation relies/ not on our differences/ but the separation within."
-- Linkin Park, "Frgt/10."
While the White House proposes an Unscrupulous Power Grab with its Bank Bailout.
http://digg.com/business_finance/Red_Flags_Executive_Power_Grab_in_Banking_Bail_Out_Bill
I propose that it's time we make lemonade from the lemons with which this administration and their party has left us. We the American taxpayer should demand that any Federal bailout of any private or public industries be tied to future revenues, with interest payments to be made to a new Federal fund. This new fund would be used to underwrite a new National Health Care and Education initiative.
This is not as radical as it sounds. Oil companies give dividends to Alaskans for oil revenue and many private companies share profits with their employees through 401Ks. It is time for American workers to unite and demand that our tax dollars be put to use for the health and well being of every American.
The formation of such a fund would accomplish two major goals: It would closely align the interests of private industry with the American people and, not unlike Social Security, will help to fulfill America's social contract with the taxpayers who have become the prime stakeholders of these failed enterprises.
It is time to send a clear message that our American tax dollars not be used to underwrite the executive compensations of CEO's who have mismanaged these enterprises.
It is time for all Americans to realize that we are, indeed, all in this together and that the success and failure of the American economy is tied to the health and well being of its workers.
I urge you all to lobby congress and our presidential candidates for such a fund.
http://www.visi.com/juan/congress/
It is time to prepare for a better future for all Americans.
-Vince ;-}
Obama/Biden '08 ..... Hope and a new direction.
"This country will not be a good place for any of us to live in unless
we make it a good place for all of us to live in." -Theodore Roosevelt
I am not only amazed, but completely dumbfounded at the lack of specific knowledge by the general populace. No, I'm not an extremist left wing conspiracy theorist. I'm just an average person, who does NOT accept the information main stream media presents, at it's face value. I can't really help the fact I like to investigate fully, before I come to my own personal conclusion. I know there are some who can easily accept the latest "NEWS" stories from CNN, Fox News, MSNBC as absolute fact. I'm sorry, but in this day of Sales & Marketing, everything seems to be a sales slogan to get you swept up in the momentum. It is our responsibility to dig deeper, to get the cold hard facts, before we can truly learn from our previous mistakes. Yes, this isn't the first time an economic failure has taken place within the United States.
The Revolutionary War was fought on the behalf of our founding fathers for the freedom of a better tomorrow. The primary force, unmentioned in the US public school textbooks, was the colonies started printing their own currency. There by creating a political turmoil with the Imperialist banks of England. The colonists quickly realized if they borrowed money from the imperial banks, it came with interest. If you always had to get your money from them, at interest, how would you ever be able to pay them back in full without borrowing more money from them to cover the initial interest? Not possible, & thus the revolutionary war. Now, we (the U.S. founders) may have won the war, but the battle had only just begun. Ben Franklin, "The colonies would gladly have borne the little tax on tea and other matters had it not been that England took away from the colonies their money, which created unemployment and dissatisfaction. The inability of colonists to get power to issue their own money permanently out of the hands of George the III and the international bankers was the PRIME reason for the Revolutionary War."
Feels eerily similar to the 1900's...The greatest move ever played by the International Bankers in the early 1900's, and resulted in their greatest achievement. Fresh from a desk on Jekyll Island, drafted by international bankers - for international bankers - funded by the general population, came the Federal Reserve Act in 1907. As so the war had turned tides. The very thing our founding fathers had fought & died to protect, had now been completely undone. Then, in 1913 the final nail in the coffin was ratified to the 16th amendment a.k.a the Federal Income Tax Act. Three years after the initiation of the Federal Reserve, Woodrow Wilson said: "The growth of the nation ... and all our activities are in the hands of a few men ... We have come to be one of the worst ruled; one of the most completely controlled and dominated governments in the civilized world ... no longer a government of free opinion, no longer a government by conviction and the free vote of the majority, but a government by the opinion and duress of a small group of dominant men." Congressman Charles August Lindbergh, Sr., father of the historic aviator, said on the floor of the Congress: "This Act establishes the most gigantic trust on Earth ... When the President signs this Act, the invisible government by the Money Power, proven to exist by the Money Trust investigation, will be legalized ... This is the Aldrich Bill in disguise ... The new law will create inflation whenever the Trusts want inflation ... From now on, depressions will be scientifically created ... The worst legislative crime of the ages is perpetrated by this banking and currency bill."
This morning, I heard a quote that GWB said about the economy:
"The Fed Bank, along with other central banks, ... are having foreign investors pump money into the economy..." (This is the best to my memory.)
Huh? The economy is that bad to require this? Foreign investors and central banks?
Is it just me or is there "something rotten in the state of Denmark?"
What's your take on it?
Well, history repeats itself. It's another version of the Keating Bank scandal. Both Cindy and John McCain were involved in the fleecing of America during the Keating scandal of the Lincoln Bank. Cindy claimed she did not know where the billions went...and used her huge finances to keep the government off her back and threaten the government for investigating. John was complicit and no one knows just how much he knew and gained financially outside of Cindy's gains.
Now, the McCains say they want access to all banking information and they, the former crooks, will save us from future crooks and banking failures. HEEEEEELP!
Please all crooks, just leave the buildings and let us get America and Americans back on their feet. If the McCains win - we can all just give up and sign up for the Poor House.
Sept 15---------Latest McCain quote: "The fundamentals of the economy are strong"Same day: Lehman Brothers bankrupt, Merrill Lynch acquired by BoABanks ARE the fundamentals of the economy. Workers and innovation are worth nothing if you don't have banks investing in new business.And here's another fundamental: the US Dollar. When George Bush took office, ONE US DOLLAR = ONE EURO. Today, 0.70 EURO can buy ONE dollar.Anyone in their right mind can see the pattern here: let the currency go, let the banks go. There isn't going to be much America left in a globalized economy if Republicans get more credit to spend.
Country is in a real problem and may go deeper. Citizen is now looking for a real leader who can bring them out of the danger -
It is one of the best crisis that an entrepreneur would turn into an opportunity. Would Obama and the team of strategist come-up with measurable, communicable and doable plan for the country?
Ryan Baidya
California Takshila University
MORTGAGE INDUSTRY INSIDER BLOWS THE WHISTLE! Senator Obama,
Ted Krager, the whistle blower and his book, "Dirty Little Secrets of the Mortgage Industry," has just been released to the public. It is timely and focused to help the consumer. What will you do to assist Americans in this debacle with the mortgage industry? Ted Krager is helping to assist and further educate the consumer and expose the mortgage industry secrets. Who: Ted Krager, veteran of the mortgage industry for 15 years. What: Ted exposes the mortgage industry's secrets of how they to take advantage of the American Consumer and make a killing off of them in the process, including how Legislators are part of the problem. Inspires American Homeowners to take back the power to control their mortgage, money and future. Mortgage broker or mortgage banker: why you should choose one over the other
Hidden paperwork tricks designed to hide more expenses
What to do to guarantee the lowest interest rate
Trade jargon you must understand to reduce your closing costs
Distracting buzz words applied to confuse you
How to recognize cost savings loopholes Why: Homeowner Advocate - Ted wants to help the consumer to save their homes. Ted tells the American Consumer how to avoid the traps, what to look for, how to control the financing/refinancing deal, and how to get the best mortgage, whether financing or refinancing a home.
