- Paul Kiesel | October 31, 2008 6:41 PM |
Category:
MiscellaneousMedia outlets and blogs have been reporting for the past two weeks that the White House is working to enact a wide array of federal regulations, which would strip many government rules that protect...
- Paul Kiesel | October 30, 2008 9:02 PM |
Category:
MiscellaneousHere's an excellent piece written by Mike Cassidy of the San Jose Mercury News on the realities of the foreclosure crisis, which has yet to be abated by the government or lenders.
Mr. Cassidy's...
- Paul Kiesel | October 30, 2008 5:39 PM |
Category:
Mass Transit (Airline, Cruise Ship, Train, Bus)From the Associated Press:
LOS ANGELES—The National Transportation Safety Board has removed worker fatigue and the use of positive train control from its annual most wanted list of safety...
- Paul Kiesel | October 29, 2008 3:58 PM |
Category:
MiscellaneousLoan modification scams are becoming more prevalent as most of the nation, along with nefarious scam artists, is aware of the $700 billion financial bailout that was passed weeks ago. Congress and...
- Paul Kiesel | October 28, 2008 4:08 PM |
Category:
MiscellaneousAccording to the Justice Department, San Joaquin Valley has been a hotbed for foreclosure modification scams, as cities like Stockton, Modesto and Merced top the foreclosure rankings among cities...
- Paul Kiesel | October 27, 2008 5:22 PM |
Category:
MiscellaneousAs noted last week, the FDIC and Congress both have foreclosure bailout plan proposals that would require the government to buy under water mortgages and place those borrowers into government backed...
- Paul Kiesel | October 27, 2008 4:39 PM |
Category:
MiscellaneousBelow is an Associated Press article from Sunday's (10/26) Washington Post. It's a very well written analysis as to why the government and Wall Street have been having such a hard time coming to...
- Paul Kiesel | October 24, 2008 7:05 PM |
Category:
MiscellaneousWhen a new state law went into effect over the latter part of the summer, California immediately saw a drop in loan default notices, which has also proven to show a drop in foreclosure numbers.
In...
- Paul Kiesel | October 24, 2008 3:56 PM |
Category:
MiscellaneousThe former Federal Reserve chairman Alan Greenspan, who was once considered by many economists and government officials to be an infallible maestro of the financial system, was hammered yesterday on...
- Paul Kiesel | October 22, 2008 4:31 PM |
Category:
MiscellaneousFrom the New York Times:
SAN FRANCISCO — It was just another business-as-usual day at the annual convention of the nation’s mortgage bankers: a few panels, a few presentations and an...
- Paul Kiesel | October 21, 2008 6:40 PM |
Category:
MiscellaneousHere's an interesting New York Times article describing the problems the FBI has been having in handling mortgage fraud cases.
The FBI increased its efforts and resources over the spring to...
- Paul Kiesel | October 21, 2008 5:38 PM |
Category:
MiscellaneousIn Tampa, Florida yesterday, Senator Barack Obama addressed an estimated crowd of 10,000 supporters about his plans to revitalize a sagging economy. He illustrated his plan to fix the foreclosure...
- Paul Kiesel | October 17, 2008 5:57 PM |
Category:
MiscellaneousHenry Reid: On October 17, 2008, Judge Rappe of the Superior Court of Los Angeles presided over the case of The People of the State of California v. Henry Reid and Ernest Nelson.
Henry Reid was...
- Paul Kiesel | October 16, 2008 8:51 PM |
Category:
MiscellaneousBelow is an interesting Associated Press story from today on the effects the mortgage crisis has had on renters. I wrote a blog about this back in May which portends the severity of this situation...
- Paul Kiesel | October 16, 2008 6:24 PM |
Category:
MiscellaneousFormer SEC Chairman Arthur Levitt, Senate Banking Committee Chairman Chris Dodd and Senator Robert Casey (D-PA), this morning, gave their opinions on what they believe led to the economic and...
- Paul Kiesel | October 15, 2008 4:08 PM |
Category:
MiscellaneousAs President Bush's approval ratings continue to slide (the most recent Gallup Poll shows W. with a 27 percent approval rating), a stealth effort is being coordinated at the highest levels of the...
- Paul Kiesel | October 13, 2008 6:48 PM |
Category:
MiscellaneousThere were those that predicted the current economic, foreclosure, housing, and mortgage crisis (Paul Krugman, who incidentally just won the Nobel prize in economics, Robert Shiller, Dr. Nouriel...
- Paul Kiesel | October 13, 2008 2:39 PM |
Category:
MiscellaneousSenator Barack Obama called for immediate action to help relieve the struggling economy and to mitigate the housing crisis, by proposing a 90-day moratorium on home foreclosures at some banks and a...
- Paul Kiesel | October 10, 2008 10:40 PM |
Category:
MiscellaneousJohn McCain announced, during the last Presidential Debate, that he has a plan to combat rising foreclosure rates and curb the amount of underwater mortgages throughout the country. McCain proposes...
- Paul Kiesel | October 10, 2008 9:47 PM |
Category:
MiscellaneousAny Californian who has a Pay Option ARM loan from IndyMac (now FDIC IndyMac) that was originated between 2004 and 2007 and has faced or will be facing an interest rate reset (ballooned monthly...
- Paul Kiesel | October 09, 2008 8:33 PM |
Category:
MiscellaneousFrom the Wall Street Journal: The relentless slide in home prices has left nearly one in six U.S. homeowners owing more on a mortgage than the home is worth, raising the possibility of a rise in...
- Paul Kiesel | October 08, 2008 7:44 PM |
Category:
Medical Devices & ImplantsThe beginning of last night's Presidential Debate focused on the economy, naturally. Both candidates laid out their plans for how they would fix the economic woes many Americans face and will...
- Paul Kiesel | October 07, 2008 4:35 PM |
Category:
MiscellaneousA few excellent points on the $700 billion Rescue Package have been made since President Bush signed it into law last Friday.
1. The plan does not recapitalize banks, it just buys their troubled...
- Paul Kiesel | October 07, 2008 3:54 PM |
Category:
MiscellaneousBank of America, which purchased Countrywide Financial over the summer, will help almost 125,000 Californians who are struggling with pay option arm loans originated by Countrywide.
The move that...
- Paul Kiesel | October 06, 2008 8:59 PM |
Category:
Miscellaneous
From USA Today: Nearly 400,000 homeowners will be able to have their mortgages made more affordable under an agreement Monday by Bank of America to modify mortgages originated by Countrywide...
- Paul Kiesel | October 06, 2008 8:20 PM |
Category:
MiscellaneousHomeowners at risk of foreclosure may benefit from provisions in the bailout bill designed to modify their mortgages.
The National Association of Realtors said it's pleased with many of the...
- Paul Kiesel | October 02, 2008 3:09 PM |
Category:
MiscellaneousAmidst the frenzy of last week's stock market turbulence, the $700 billion rescue package, and the Presidential Debate, Governor Schwarzenegger vetoed a bill last Thursday that would have prevented...
- Paul Kiesel | October 01, 2008 4:47 PM |
Category:
Mass Transit (Airline, Cruise Ship, Train, Bus)From NBC News: The engineer of a Metrolink commuter train sent a text message 22 seconds before the collision with a freight train in Los Angeles last month that killed 25 people, federal...