Employers are asking for their bonuses BACK?! - The US Mortgage Market Meltdown

In today's video, we're diving deep into the chaos of the US mortgage market. Imagine getting a whopping $100,000 bonus, and then, out of nowhere, your company asks for it back... YEARS later! Sounds insane, right? But that's exactly what's happening in the U.S. mortgage industry right now.
🏠 Why This Matters:
The mortgage market is in turmoil, and it's affecting a lot of people - from big-time lenders to everyday employees. You might be wondering if YOUR bonus is in jeopardy.
💥 Inside the Video:
The Shocking Headline That Started It All
Bonuses Gone Wild: How the Pandemic Fueled an Unprecedented Bonus Spree
The Sudden Stop: What Happened When the Mortgage Market Crashed
Legal Battles: Are These Clawbacks Even Legal?
👀 Stay Tuned For:
Exclusive insights into the mortgage market meltdown
Real-life stories of those affected by the bonus clawbacks
Expert analysis on the future of mortgages and employment bonuses
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Hit that like button if you're as shocked as we are, and don't forget to subscribe for more incredible content. We've got the scoop on the craziest financial stories happening right now!
💬 Comment Below:
What would YOU do if your employer asked for a bonus back after years? Let us know in the comments!
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00:00 - 01:12 Intro
01:12 - 03:05 The great boom in American housing
03:05 - 04:11 The music stopped
04:11 - 06:04 Golden handcuffs: No mortgage portability
06:04 - 07:16 New home sales versus existing home sales
07:16 - 08:27 Mortgage market grinded to a halt
08:27 - 09:41 Lenders are asking employees for their bonuses back
09:41 - 10:37 Summary
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[@Reinier020]

Haha Preet, I love the content. And liked way back when, make sure you post more often😉

[@PreetBanerjee]

I will do my best! (And thanks for the support!)

[@cherylhurst]

This is wild… great video Preet!

[@PreetBanerjee]

Thanks lover

[@CARL_093]

thanks bro and u read my mind on this topic

[@PreetBanerjee]

Cheers mate!

[@littleninjai222]

I'm crossing my fingers that "stay alive until 2025" rears its head earlier like, in Sept 2024. The struggle out there is real. Thanks though, Preet for another educational vid.

[@PreetBanerjee]

I know a lot of people feel the same way.

[@thatotherguy4245]

Would printing more money help? More corporate bailouts? What do we need to do so Jamie Dimon can buy another yacht?

[@EvilGenius007]

I refinanced from a 2012 issue 3.875% 30-year to a 2.5% 15-year fixed in April 2020. If it was portable I might be thinking about moving as prices fall. As-is it's hard to imagine I'd be willing to sell and take on a new mortgage until rates fall below 4%. Also, I for one am shocked that companies in the mortgage lending space in the US would issue loans to people who weren't clearly informed of the terms and as private individuals they found themselves getting the short end of the deal. That's the wrong word --- what's the opposite of shocked?

[@PreetBanerjee]

2.5% - amazing! The lack of portability might be a trade off for having the ability to lock in for so long. Typically Canadians would go five years, max might be 10. But the handcuffing for US mortgage holders is certainly a unique situation given the wildly low rates followed by wildly high increases. I wonder what impacts this will have on labor force mobility in the decade to come…

[@Amir-jn5mo]

Cheap loans for housing needs to end. Governments should not encourage investments in housing by treating it as the safest and cheapest way to get loan and make money. Idk how many more boom and busts we must see about it.

[@miked104]

Preet Dogg thanks king

[@PreetBanerjee]

👊🏽

[@mrlover4310]

It's wrong wanting the money back. Why stop there ask for your employees wages back too or demand that the employees pay to work at the bank.

[@PreetBanerjee]

Don’t be giving them ideas! 😂

[@mrlover4310]

@@PreetBanerjee lol

[@supaflyutubeguy]

Wake up babe, a new Preet Banerjee video just dropped.

[@PreetBanerjee]

😂😂😂