Folks, this is my last day writing for the Orange County Register and this blog. I am leaving for a job in corporate communications. This county was home to a dramatic boom and bust in alternative mortgages, and it was entertaining, hectic and sometimes frustrating to try and tell…
Jon Stewart on Toyota ( link here ): The Daily Show With Jon Stewart Mon – Thurs 11p / 10c Toyotathon of Death www.thedailyshow.com Daily Show Full Episodes Political Humor Health Care Crisis
Read more here – Daily Show: Toyotathon of Death
Reuters is quoting President Obama: “One of the challenges that we’ve got to address internationally is currency rates and how they match up to make sure that our goods are not artificially inflated in price and their goods are artificially deflated in price. That puts us at a huge competitive…
From Jon Prior at HousingWire: Mortgage Delinquencies Pass 10%: LPS Home-loan delinquency rates in the US reached 10% in December, up from the record-high 9.97% in November, according to Lender Processing Services … which provides data on mortgage performance. Accounting for foreclosures in the pipeline, the total non-current rate stands…
In case you missed it because it was an L.A. story: A former Beverly Hills real estate appraiser who last week was sentenced to 3 years in prison and ordered to pay more than $46 million for her role in an extensive mortgage fraud scheme is an Orange County resident. The…
Yesterday I posted some data from the Census Bureau that suggests there are about 1.8 million excess vacant housing units in the U.S. (above the normal levels). IMPORTANT: The housing stock includes both owner occupied and rental units . I suspect many of the excess units absorbed will be by…
Click Chart for Larger View and More Options The chart above shows the monthly number of conventional purchase mortgages captured from 22 metropolitan area counties in Colorado since January 2005.
My colleague Mary Ann Milbourn writes that Ditech.com is losing more than 200 jobs. (Her blog tracks job losses and gains in Orange County.) Jeannine Bruin, a GMAC mortgage spokeswoman, said most of the workers affected are sales agents and back office personnel who support the Ditech brand. Ditech…
Mary writes in: My husband and I have been debt free for seven years. Hooray! We cancelled all of our credit cards in 2001 and paid off our home mortgage in 2002. A few weeks ago, our homeowners insurance premium went up substantially. I called our agent to ask…
From earlier this morning … the MBA reports: Mortgage Applications Increase in Latest MBA Weekly Survey The Market Composite Index, a measure of mortgage loan application volume, increased of 21.0 percent on a seasonally adjusted basis from one week earlier. … ” Mortgage application volume rebounded last week, returning the…