Shadow Bank MELTDOWN | Housing Market Collapse | Foreclosure Update
Check Out Melody Wright Here:
@m3_melody
Substack: https://substack.com/@UC1lGQTbdP7ZmL31ZVi4dUDw
YouTube: https://www.youtube.com/@m3_melody
STEP 1
Join the movement sign the petition: https://www.mockingbirdproperties.com/sign-petition
STEP 2
Start learning what property tax is take the course, FREE.
real-estate-mindset-homebuying-101.teachable.com/purchase?product_id=5789314
Evidence, Data & Kryptonite: https://drive.google.com/drive/folders/1-jejw5JJOWQdVQYPNq4vbEpR_3XSDe0h?usp=sharing
Protest Steps & Value Freeze Info: https://drive.google.com/drive/folders/1mQLlBuvmPTRVQI0OthFgNebQ6Ukb63xt?usp=sharing
FREE: Value packed homebuyers course: https://real-estate-mindset-homebuying-101.teachable.com/purchase?product_id=5112272
Discord LINK: https://discord.gg/EyGdbpaW6k
https://twitter.com/TravisREMindset
Subdivision Analysis Form:
https://drive.google.com/file/d/1qXDByq5CNGXFLV5LjpAKTUPqWWypMlzK/view?usp=sharing
For correspondence please email me at: [email protected]
FREE Helpful Links:
1. How Much Interest Really Cost Calculator
https://www.consumerfinance.gov/owning-a-home/explore-rates/
2. How Much Can You Afford Calculator
https://www.calculator.net/house-affordability-calculator.html
3. Debt to Income Ratio Calculator
https://www.calculator.net/debt-ratio-calculator.html
4. Amortization Calculator
https://www.calculator.net/amortization-calculator.html
5. FHA Loan Calculator
https://www.calculator.net/fha-loan-calculator.html
6. PMI Calculator
https://www.creditkarma.com/calculators/mortgage/pmi
0:00 – Intro
4:20 – Melody Wright’s Background
9:21 – The system starts to collapse
16:39 – TARP and Fraud
29:00 – Fannie & Freddie the Long Arm of The FED?
39:30 – Price Decline
44:00 – Current Foreclosure Data
58:00 – Conclusion
#HousingMarket #HousingMarketCrash #MortgageRates
Mailing Address:
2261 Northpark Drive #2118
Kingwood, TX 77339
DISCLAIMER: This video content is intended only for informational, educational, and entertainment purposes. Neither Real Estate Mindset or Travis Spencer are registered financial advisors. Your use of Real Estate Mindset’s YouTube channel and your reliance on any information on the channel is solely at your own risk. Moreover, the use of the Internet (including, but not limited to, YouTube, E-Mail, and Instagram) for communications with Real Estate Mindset does not establish a formal business relationship.
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They allow 10 million + undocumented into USA. What do we tax payers get? Higher costs of good services, higher housing costs. Hold these bad actors accountable
They continue to loan money to people who can't afford to pay it back. Who's really surprised here? The American Dream has turned into the American Nightmare.
we need defalts make home prices low
When new cars were 11k, houses were 75k. Now cars are 75k. Math says houses would now be 500k. Maybe autoworkers don't live in houses?
Totally Bonkers 😮 Brother Travis and Sister Mel ❤
The more govt we have—the worse things will get. It’s always been that way.
Obama SMDH!!!!
This wonderful woman made much clear with her explanations. This is one of your best videos ever. Thank you for your work.
Melody is the best.
Travis, it is about money supply. Everything is tied to it. Research it for yourself. 15% is provided by the Fed. 85% is provided by liquid deposits, but the money supply dictates the rise and fall of inflation. JP is a fraud. He is a lawyer. Not an economist. Look it up brother.
Nope the same biden hes a plant..
Banks have no worries regarding collapsing. TARP money bails them out.
So, were you (real estate mindset) a loan originator in 2008 or a realtor?
"When you're the first one out the door, it's not panic." Margin Call. Watch it again…
Huge amount foreclosures coming next.
Omega is dying and they lost access to ability to steal our taxes . its over for the deep state thieves
So invaluable! Thanks a million!
The dysfunction of the mortgage market all started with financial deregulation in the late 1970’s which caused the Savings and Loan crash. The deregulation necessitated mortgages being sold, rather than held by lenders, which exploded the growth of the secondary market i.e., Fannie and Freddie. The lending market then started making credit decisions based on credit scores rather than objective analysis. At that point, everything morphed into creative mortgage financing, predatory lending, adjustable-rate mortgages, zero downpayment loans, etcetera. Now it is nothing but a big casino.
The GFC in a nutshell: Banks take homes, banks go under, Gov bails out banks.
Thanks Travis, when I think of “missing out” I remember there weren’t a lot of homes we liked, we would have had to pay over by $30-50k, and would currently be stuck and possibly in financial trouble because utilities skyrocketed in the town we were looking.
when the currency goes to shit you have to own land. all the banks were fully positioned for this. they started when basel 2 was declared. thats why so many people had their homes foreclosed on during the 2008 crisis. real property was placed onto the market to earn market value back. So the banks made money on the loans and on the sale of the property.
The low rates of pandemic enabled people who shouldn’t have bought homes (cause they didn’t have financial strength) buy them. Any unexpected costs for these people cause hardships.
Travis, you are not being honest. You are looking for people to be forced out of their homes so you can buy them pennies on the dollar. Cause you missed out doing that during the GFC.
You lost your family too, Travis? And you came back from all THAT to be the guy that you are? Please do write that story down for others, as many can benefit!!
She's brilliant. Thank you.
Only Travis could spend 5 minutes asking someone to tell thier story, only to interrupt them when they start talking, to tell thier story for them 😂
BoNkErS!
WHAT A SCAM ! ITS ALL DOING DOWN WITH TOTAL CORRUPTION..
A government wants control, so getting the population to be in debt is a super effective way of making a population compliant and keeping them in fear.
The issue for the US government is that was expedient to ditch the financial prudence of moneyterism and replace it with a complete reliance of Kensyiam- and that has made the US economy a debt based economy.
Travis when you have guests with expertise in something let them cook. You turn some of your interviews into information gumbo.
Only way to fix this problem BOYCOTT BIG INVESTMENT COMPANY'S STOP RENTING Price will go down over 50%
Ooooh sure “he hated it,” when he’s OWNED by the banks lol
Those BS TARP funds were the biggest scam in U.S. history!
Thank you
Awesome Show today from both of you! Thank you Melody and Travis!
Awesome Show today from both of you! Thank you Melody and Travis!
Our credit based economy may someday implode but…those in control with fight to our deaths to keep it going so they can continue their lifestyle.
I got laid off 2008 for a little when that loan modification was suppose to work and they denied us, but it was exactly the circumstance we qualified for. When I called back and told them the new law they stopped taking my phone calls.
Too much youtube for some of you.
Wait, so someone completed a purchase without doing diligence, then asked afterwards for a purchase price adjustment? Ask Melody if their CEO was Elon 😂
I don’t like this woman
5 years later. When is the collapse? I can only wait one more year before I need to buy no matter the price.
We got foreclosed in May, we are now in the process of Appeal. My Husband and I are both on Disability our mortgage was with countrywide and we know they were $ paid not just in the bailout but Mortgage insurance as well so a bank which we have no contract with 13 years later can somehow Foreclose on us? So Evil 😈 I can barely walk let alone pack up and get out. And rent is to high for Disability pay. Please 🙏 🙏 for me to be a Victor! If you have any imput?? Thanks
Laurie Ann
I think this video offers great opinions and valuable information. It took me two days to watch because the first 45 minutes were focused on past events rather than the current situation. Still, it was packed with important insights. I usually don’t post because I find many channels delete anything that goes against their views. However, I wanted to share a different perspective as someone who worked in mortgage servicing for a Berkshire company during the 2008 crisis.
1st: From my experience and research in financing, I don’t believe subprime lending was the primary cause of the 2008 crisis. Yes, fraud occurred, but that was just the surface issue. It's easy to blame subprime, but if you examine fraud and issues before that period, they didn’t cause a full-scale economic collapse. The real problem was a complete banking failure. To understand why subprime and fraud occurred, you need to look at the broader context, including the removal of oversight during the Clinton administration, which set the stage long before subprime loans became widespread. Everyday people, bankers, and employers wanted to see their investments and retirement accounts grow, which led banks to over-leverage, and the lending side couldn’t keep up with demand. This caused oversight to slip, and yes, subprime fraud followed. Additionally, when the government didn’t step in to save Lehman Brothers, it caused a global issue, triggering mass unemployment. I believe if Lehman hadn’t gone bankrupt, much of the crisis could have been avoided.
2nd: Being in mortgage servicing during the crisis, I can tell you things were more complex than they are sometimes portrayed. There was significant government assistance—states were paying up to 36 months of mortgage payments for struggling homeowners. The problem was that no one knew how to handle the situation effectively. I worked on the front lines doing collections, loan modifications, and short sales, and I saw a lot of fraud involving homeowners, realtors, attorneys, and so-called “experts” from before the days of YouTube. Attorneys advertised heavily, promising modifications for $10k upfront, which was a scam. I would often ask borrowers why they would pay an attorney $10k for something that might not work, when they could use that money to make several mortgage payments instead. Realtors were also involved in similar schemes.
Default wasn’t limited to subprime loans—it was widespread. As someone whose family lost everything, I can tell you that attorneys and realtors advised families to stop paying their mortgages for 12 months, believing the banks would be forced to modify their loans. Some of my friends’ families benefited from that strategy, but we didn’t. We paid an attorney for advice, stopped paying the mortgage, and after two years, lost everything because the bank saw we couldn’t afford the modified loan. This kind of advice led to widespread fraud, with attorneys and agents getting rich off lawsuits while people lost their homes.
3rd: In terms of today’s market, I agree that some of the graphs are alarming, but more detail is needed. Any time rates are lowered significantly, people buy more home than they can afford. For example, someone who could afford a $200k home in 2019 might have purchased a $400k home. Mortgage brokers and loan officers often pushed FHA loans because they offered the lowest rates, smallest down payments, and higher debt-to-income ratios. This isn’t fraud, but it leads to “payment shock” when buyers, used to smaller expenses from renting or owning smaller homes, suddenly have much larger mortgage payments.
I don’t blame brokers or lenders; the real issue is a lack of financial education. Fraud isn’t just committed by institutions—buyers are involved too. People would often find ways to maximize their debt-to-income ratios, jumping from bank to bank until they found someone willing to approve their loan.
4th: While many factors today seem worse than 2008, I think we’re not quite there yet. We still need to see more significant job losses before the situation becomes comparable but are we on the Edge, I think we all agree. Also, today’s buyers are generally stronger, with delinquency rates showing differences across loan types. FHA and VA loans have higher delinquency rates, but both programs allow low down payments, which contributes to this. I disagree with the comment that investors easily walk away because they have no “skin in the game.” Most serious investors put 25% down or more. Maybe second-home investors walk away more easily, but true investors usually have substantial equity.
I appreciate what you do and wanted to share a different perspective. While I respect both of your opinions, I’ve been in the trenches of the industry and have seen a different side of things. We’re in for tough times, but I believe it will take more for this to become as severe as the 2008 crisis.
Too funny. Yea dude, you don’t know the half of it.
Great Show Travis. I lost several properties during the GFC and got crushed. I tried to get assistance however, I was not Too Big to Fail. Keep up the Good Work!
Hi Travis – all of your free courses are closed to enrollment. Would like to get enrolled in exchange for personal information shared. When’s your next open enrollment date please? Great content!
At the core…. Money is Credit…..Credit is Money…. If you hold or have access to credit then you will be okay….the rest of us are fooked
Obama hated the bank bailout? HE publicly backed it before bush approved it, or are we just forgetting that little thing? Obama IS the elites. He's their handmaiden.
he keeps bad mouthing the elites. I wonder if he will ever get a clue, stop being a simpleton. the reason we have a chance of coming through this hell, and seeing a much better future rests on the shoulders of those elites who are not rotten creeps.