- Paul Kiesel | May 30, 2008 8:30 PM |
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MiscellaneousDavid G. Kittle, Chairman-elect of the Mortgage Bankers Association and President of Principle Wholesale Lending, Inc., testified before the House Committee on Small Business.
Mr. Kittle told the...
- Paul Kiesel | May 30, 2008 6:57 PM |
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MiscellaneousAccording to Bloomberg News today, "Newly delinquent mortgage borrowers outnumbered people who caught up on their overdue payments by two to one last month, a sign that nationwide efforts to help...
- Paul Kiesel | May 29, 2008 3:51 PM |
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MiscellaneousRenters have more rights than they might initially realize if they discover themselves in the precarious situation of living in a property that is about to go into foreclosure. There has been a...
- Paul Kiesel | May 28, 2008 8:01 PM |
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MiscellaneousConsumer crusader Elizabeth Warren, a Harvard Law professor, has a great blog that particularly focuses on the ambiguities and sometimes "bald-face" fraud that takes place in the mortgage...
- Paul Kiesel | May 27, 2008 7:14 PM |
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MiscellaneousSenators Barack Obama and Hillary Clinton have been outspoken critics of John McCain's foreclosure remedies on their respective campaign trails, saying that Sen. McCain would be lackadaisical in his...
- Paul Kiesel | May 27, 2008 6:08 PM |
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MiscellaneousAs the mortgage crisis envelopes more and more borrowers into a state of delinquency or foreclosure, it is only natural that we should see an influx of "Foreclosure Rescue" advertisements, however,...
- Paul Kiesel | May 26, 2008 9:50 AM |
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Automobile Accidentseffective July 1, 2008 California drivers may not talk directly on their cell phones but must use a hands free device. Children under the age of 17 may never operate a cell phone while driving.
- Paul Kiesel | May 25, 2008 10:11 AM |
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MiscellaneousPriest Sex Abuse Settlement
- Paul Kiesel | May 23, 2008 7:24 PM |
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MiscellaneousBelow is a response to Joe Lieberman's Op-Ed in The Wall Street Journal from this past Wednesday. To read the original Lieberman article click here: Joe Lieberman.
One of Joe Biden's main points,...
- Paul Kiesel | May 22, 2008 1:51 PM |
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MiscellaneousToxic injuury death
- Paul Kiesel | May 21, 2008 7:25 PM |
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MiscellaneousBelow is the e-mail that Angelo Mozilo described as "disgusting." The only thing that is analogous to disgusting is the apathetic response from Mozilo that follows Daniel Bailey's e-mail.
To...
- Paul Kiesel | May 21, 2008 5:12 PM |
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MiscellaneousAngelo Mozilo, the Chairman of Countrywide Financial Corportation, inadvertantly replied to an e-mail from a mortgagee (he meant to forward it on to other executives), Daniel Bailey Jr., who was...
- Paul Kiesel | May 20, 2008 9:11 PM |
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MiscellaneousThe Senate Banking Committee approved legislation earlier today to help hundreds of thousands of homeowners in danger of foreclosure by expanding the availability of government-insured...
- Paul Kiesel | May 20, 2008 12:14 PM |
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MiscellaneousMortgage lending crisis, option adjustable rate mortgage loans
- Paul Kiesel | May 19, 2008 4:54 PM |
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MiscellaneousAccording to an article, "Need a Better Mortgage? Call Uncle Sam," on CNNMoney.com today, FHASecure, a Bush touted foreclosure prevention program, has helped over 200,000 homeowners remain in their homes. However, when one looks at the statistics closely, only 3000 homeowners -- according to the FHA -- were in "imminent" danger of losing their homes. In fact, a majority of the 200,000 homeowners helped by FHASecure were current on their payments and wanted to refinance out of high-cost loans. So the program is helping people who would receive help otherwise?
- Paul Kiesel | May 18, 2008 11:49 AM |
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Automobile AccidentsOne woman was killed and 21 others injured, eight of them seriously, when a bus traveling from Culver City, California to Laughlin Nevada drifted off of Interstate 40 and onto the shoulder of the highway.
- Paul Kiesel | May 16, 2008 7:32 PM |
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MiscellaneousAngryRenter.com appears to be a website that is against any type of mortgage "bailout," however, the site is not run or was even set up by "angry renters," rather, it is the product of conservative...
- Paul Kiesel | May 16, 2008 5:07 PM |
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MiscellaneousTreasury Secretary Henry Paulson does not predict that the housing market will rebound anytime soon. Instead of trying to come up with new plans to combat the foreclosure crisis, and curb the...
- Paul Kiesel | May 16, 2008 8:58 AM |
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MiscellaneousJust hours before a Los Angeles jury was to hear opening statement in a long running Sex Abuse case the case settles. Kiesel Bucher & Larson LLP partner, Raymond P. Boucher, was preparing to...
- Paul Kiesel | May 15, 2008 3:24 PM |
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MiscellaneousIt is unlikely that a substantial mortgage bailout will occur anytime soon. It might not happen all together. Granted, some mortgagees will find relief and at some point in time our government will...
- Paul Kiesel | May 14, 2008 9:17 PM |
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MiscellaneousThe FBI released its Mortgage Fraud Report today, and it presents a startling statistic: mortgage fraud increased 500% in 2007 from 2003 and is likely to be 10 times worse than 2003 by the end of...
- Paul Kiesel | May 13, 2008 8:17 PM |
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MiscellaneousFannie Mae and Freddie Mac, two financing giants, might be in need of some financial help, as early as this summer. And it's looking like they're going to need a lot of help; somewhere between $420...
- Paul Kiesel | May 12, 2008 3:48 PM |
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MiscellaneousThe time is coming when interest rates will reset in prime loans that were given to people with good credit in the last two years. These resets will have ramifications that are as bad or worse than...
- Paul Kiesel | May 12, 2008 3:22 PM |
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MiscellaneousFrom 2000-2006, Lincoln, California was the fastest growing suburb in the U.S. In seven years the town's population went from 11,000 to 40,000 residents. The town's motto: a small community with big...
- Paul Kiesel | May 12, 2008 1:00 PM |
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FDA & Prescription Drugsdigoxin recall can cause death
- Paul Kiesel | May 11, 2008 6:25 PM |
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MiscellaneousAs if access to medical care isn't difficult enough hospitals have been accused of patient dumping. A hospital in Costa Mesa California is accused of transporting a mentally ill patient over 40...
- Paul Kiesel | May 11, 2008 5:56 PM |
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MiscellaneousFirst Priest Molesation trial for personal injuries set to begin
- Paul Kiesel | May 09, 2008 6:40 PM |
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MiscellaneousYesterday, on PBS' Newshour, Congressman Barney Frank debated Congressman Tom Price (R-Roswell) on the issues surround the latest housing bill that passed the House vote earlier in the day.
During...
- Paul Kiesel | May 09, 2008 5:12 PM |
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MiscellaneousBelow is an excerpt from a Seattle Post-Intelligencer article from earlier this morning that relates the story of another borrower who was taken advantage of via TILA documents.
Nancy was a...
- Paul Kiesel | May 08, 2008 8:06 PM |
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MiscellaneousYesterday, before the House passed its housing-relief bill (a bill that President Bush has already promised to veto), Senator Chris Dodd spoke on C-SPAN's Newsmakers program and had these comments...
- Paul Kiesel | May 08, 2008 3:15 PM |
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MiscellaneousAccording to housing statistics released by Money Magazine, below is a list of ten housing markets that are expected to see the most severe losses over the next 12 to 18 months. The trends show a...
- Paul Kiesel | May 07, 2008 8:29 PM |
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MiscellaneousPresident Bush made it clear today that if the current housing-relief bill, championed by Representative Barney Frank (D-MA), reaches his desk, he will veto it. He told Democratic leaders not to...
- Paul Kiesel | May 06, 2008 8:04 PM |
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MiscellaneousCountrywide is freezing the home-equity credit lines of almost all its Las Vegas customers and will proceed in doing the same to its customers in the Chicago and Los Angeles markets, which both...
- Paul Kiesel | May 05, 2008 7:07 PM |
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MiscellaneousThe FBI is forming a subprime lending task force in response to possible fraud and misconduct by subprime lenders. Over the last six weeks federal authorities have been trying to determine whether...
- Paul Kiesel | May 04, 2008 10:15 PM |
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MiscellaneousMega Life and Health sells fraudulent insurance policies that insureds don't realize are a fraud until major illness strikes.
- Miriam Schimmel | May 02, 2008 8:07 PM |
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Toxic SubstancesThe latest environmental hot button is the bisphenol A (BPA), a chemical contained in polycarbonate plastics. While BPA has existed since its creation in 1890 and the first evidence of toxicity...
- Paul Kiesel | May 02, 2008 1:36 PM |
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MiscellaneousJose Canseco is the latest victim of the housing and mortgage crisis, or at least one would have to assume so. It was reported late last night by the AP that Mr. Canseco is walking away from his...
- Paul Kiesel | May 01, 2008 10:14 PM |
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MiscellaneousJapanese banks and brokerage firms are likely to report losses tomorrow exceeding $14 billion dollars ($1.5 trillion yen) for the year ended March 31 and this is largely due to the U.S. subprime...