Watch Out For Tim Geithner And His Predatory Lending Scams
New Point of Views Explaining Mortgage Loan, How to Pay off the Mortgage Sooner and Norfolk Mortgage Lenders, Watch Out For Tim Geithner And His Predatory Lending Scams.
Never Give Up – The Dave Ramsey Show Documentary
Rick Caruso Interview, Home Buyer's Guide and Reverse Mortgage Information
Why Rent Is Rising In The U.S.
Touring A Massive $188 Million California Mega Mansion | Ryan Serhant Vlog #038
Tips For Enhancing Your Home Curb Appeal | Home Point Financial
San Jose Mortgage Broker Shawn Sidhu – C2 Financial Corporation
Insight: John Flavell, Mortgage Choice
Bob Repass – Seller Finance & Note Buying Expert – Ep. 111
Coronavirus and the impact on daily life
What is Home Loan Income Verification?
Former United States Secretary of the Treasury, Tim Geithner, is now in charge of a new ugly predatory lending company known as Mariner Finance. Ring of Fire’s Mike Papantonio and Farron Cousins discusses this issue.
Become a member today!: https://www.youtube.com/channel/UCYWIEbibRcZav6xMLo9qWWw/join
Support us by becoming a monthly patron on Patreon, and help keep progressive media alive!: https://www.patreon.com/TheRingofFire
Spread the word! LIKE and SHARE this video or leave a comment to help direct attention to the stories that matter. And SUBSCRIBE to stay connected with Ring of Fire’s video content!
Support Ring of Fire by subscribing to our YouTube channel: https://www.youtube.com/theringoffire
Be sociable! Follow us on:
Facebook: http://www.facebook.com/RingofFireRadio
Twitter: http://www.twitter.com/RingofFireRadio
Google+: http://plus.google.com/118415831573195648557
Instagram: https://www.instagram.com/ringoffirenetwork/
Follow more of our stories at http://www.TROFIRE.com
Subscribe to our podcast: http://www.ROFPodcast.com
Tim Geithner is in charge of a company called Mariner. They are predatory, ugly, predatory lenders. Tim Geithner, you might remember, was in charge of our money under the, under the Obama Administration. The predatory lending story has been outrageous. Fortunately, I’m here with Farron cousins who has followed this story more than anybody I know. It’s an outrageous story. Uh, tell. Tell us how predatory lending works first of all, and then tell us how this dnc sweet heart. Okay. DNC Sweetheart. Tim Geithner Pals with Larry Summers who is also kind of DNC sweetheart. How is he now? One of the predatory, a jackals I’ll call him is really, really what he is. He’s not only as Geithner become one of the jackals, he is revolutionized these predatory payday lending scams because rather than set up these, you know, run down offices in the poorest parts of neighborhoods, like the cash advance, you know, things like that, that we’ve seen in the past with predatory lenders. He has tried to make it into more of an upscale a venture. He gives out larger loans, higher interest rates, but larger loans for more money. And now what he and Mariner are doing, which they now have 450 branches in 22 different states, they’re just, and I wish there was a more sophisticated way to say this, but there’s not. They’re just mailing checks to poor people hoping that the poor people cashed the check so that they can catch them and now they’ve got them in this loan that this person may not have known.
That sounds so incredible, but it’s the truth again, the poor person doesn’t ask for the check. They do background checks. They see sometimes that the person may have equity in their home. They’ll actually, they do all their homework, but the person is living subsistence existence, barely making payments, barely staying alive in the Tim Geithner crew, Tim Geithner, Obama’s financial guy now says, well, I got to get idea. We’re gonna. We’re gonna. Mail them a check and if they catch it, we got em. Isn’t that it? And here’s what they do as well. This is part of the scheme they go through, they look through hospital billing databases, they look through, you know, any kind of car repaired database anywhere where you’ve given your name and phone number, things like that. They can see who gets popped with a big bill. Say you just, you know, had a surgery, your insurance covered most of it, but now you have a hospital bill for $5,000 couple of days later a $5,000 check shows up and you say, okay, well I could really use this right now to pay this and be done with it before.
That goes to collections. They also work with collection agencies to find out who owes what. So it is very targeted. It is very sophisticated and these checks do not come with very much explanation, a little bit of fine print that nobody reads. They think, oh well, you know, this is a good thing. I’m probably five percent interest better than a credit card reality. Almost 40 percent interest on these things and they lock them in. And then as a matter of fact, let me, let me just tell you something. Finally, the king of predatory lending went to prison. One of the Kings. Now there’s so many out there right now. Now the new king is Tim Geithner. Okay, this is. This is the DNC, golden boy who is now running this pathetic, ugly scam. Let, let me back up just a second. Before they send the check, they have abilities to find out everything they want to about you.
They can find out where do you shop, what do you buy? Who Do you owe money to? Are you behind on your, on your, on your rent, are you behind on your house payment? They do all of that. And they target. They have a matrix that targets. This is the right person, he hits this person, hits all of the matrix just right. It’s like throwing a dart and hitting bullseye. So you’re a bullseye.
Norfolk Mortgage Lenders, Watch Out For Tim Geithner And His Predatory Lending Scams.
Watch Out For Tim Geithner And His Predatory Lending Scams. New Point of Views Explaining Shorter Mortgage, 20 Year Mortgage, Mortgage Business,
Correspondent Mortgage Lenders and Norfolk Mortgage Lenders local Rockford area.
Alternative Choices To A Reverse Mortgage
One option that is right for you may not be the very best for another. Nevertheless, that idea seems like an impossible accomplishment since their credit ranking is bad. This brings us to an entire different discussion.
I am a Realty Expert and it is my task to my clients find the home simply right for them. I set them up with investors, loan providers, and very first time home buyers programs so they can get the very best loan possible for their scenario. Paperwork, paperwork, paperwork! But over the last year I have had clients ask me how can they pay off their home mortgages much faster? What is the very best way to minimize interest payments?
When assessing Mortgage alternatives, the distinction of simply one portion point in interest can suggest substantial extra expenses over the life of the home best mortgage lenders as well as in the size of the month-to-month mortgage payment.
It’s a buyer’s market out there today. Property worths are dropping, that makes it read this easy to get into a fantastic home for a low rate.If home worths are actually low in your area, you may have a tough time refinancing. You’ll require your home to evaluate for a minimum of the quantity of the loan. If you have a brand-new loan and haven’t paid it off quite, you may have a tough time certifying.
You will want to check the priced quote percent with what is on your initial application documents and last loan documents to make sure the Regular monthly Home loan Insurance payment isn’t greater than what you were priced quote. Get it minimized instantly if it is. If they will not do that, then inquire to decrease your Home Home loan Rate by.125% and that need to cover the distinction.
With credit problems, you can still receive a refi with a sub-prime loan. Sub-prime loans have simpler loan requirements, so you can use even if you have a current personal bankruptcy or foreclosure. With some shopping, you can find rates as low as 1% above prime loan rates.
Likewise, online loan providers often have lower rates and charges. Due to the fact that they do not have to focus as much on a brick-and-mortar service or the various expenses that come with a building, their overhead is lower, and they can pass the cost savings along to you.
I lastly chose a business that was visit this page a low rate of interest and also had a fantastic track record. The procedure was in fact a lot simpler than I thought and there were no concealed charges. Now I’m paying significantly less each month, due to lower rates of interest, and I’ll end up paying a number of thousand dollars less in the long term. While it did take a little research study and a few application charges on my part – it was well worth when I thought about the bit photo. If you’re thinking about looking for a low rate of interest, now is the time to do so – prior to those rates rise again.
Nevertheless, one resource that property owners hardly ever think about is the web. No lender wishes to lend cash just to find out that you are out of task again in a year’s time.
Related Posts
Mobile Notary Business: $8000 a Month as a Loan Signing Agent on Your Schedule
Who does FHA home loan to Buy or Refinance a house in Fontana or Rialto
