Monday, October 31, 2011

How to Record an Online Video Interview


Home Video Recorder


Wouldn’t it be great if you feature video testimonials on your site using interviews with real clients, and if you could record and edit them yourself for a very small investment?
Dan Blank of We Grow Media shares with us this helpful article which explains how he conducts and records interviews with authors and publishers using Skype and some inexpensive tools.

Learn more at We Grow Media: “How to Record an Online Video Interview”

5 Charged for Investment Scam Involving 180 Victims


5 defendants in Sacramento, California, have been charged with wire fraud and mail fraud for a real estate investment fraud scheme. According to the indictment, the defendants were affiliated with Diversified Management Consultants (DMC), an umbrella for their “investment clubs” which, together, defrauded 180 victims out of approximately $26 million. The indictment alleges that the defendants induced people to invest their ordinary savings, tax-deferred retirement savings, and proceeds of “cash-out” residential loan refinancing. They told investors that their money would be used for purchasing property and building structures for a real estate venture.. Now what’s really wrong here is three of the five defendants have been prosecuted in the past for similar crimes and each now faces 20 years for committing these real estate scams.

Read the rest of this story at Mortgage Fraud Blog: “5 Charged for Investment Scam Involving 180 Victims”

Banks’ REO Inventories Down by 17%

Banks held approximately 476,000 homes that they repossessed from delinquent mortgage borrowers as of the end of July, representing a 17 percent reduction from the 574,000 REOs on the books 10 months earlier in September 2010, This according to Barclays Capital.
The research firm estimates there were 1.57 million home loans that were at least 90 days delinquent, but not yet in foreclosure at the end of July of this year, and another 1.91 million already in the foreclosure process. The rise in processing times primarily has been driven by the time that loans spend in delinquency and foreclosure, according to analyst, the average number of months a loan has spent in foreclosure has climbed from around 10 months just before October 2010 to more than 12 months today. To read the entire story just click our link below.

Read the rest of this story at DSNews: “Banks’ REO Inventories Down by 17%”

How Will Fed Decision Affect Home Loan Rates?


The Federal Reserve recently announced it’s changing its investment strategy, which could translate into lower mortgage rates down the road. What does that all mean? Michael Lea, director of SDSU’s real estate center, said officials are basically selling off shorter-term Treasury holdings for longer-term ones and mortgage-backed securities. “They’re changing the composition of their balance sheet,” said Lea, a past chief economist of mortgage giant Freddie Mac. “This isn’t a new round of quantitative easing. They’re reinvesting, not injecting more money into the economy.” The decision could push down long-term interest rates, and in turn, mortgage rates. This is encouraging news for buyers and well worth your effort to share this story.
Read the rest of this story at Sign On San Diego: “How Will Fed Decision Affect Home Loan Rates?”