Miscellaneous

• On Rescuing the Mortgage Giants, Fannie & Freddie: McCain vs. Obama

  Paul Kiesel | September 04, 2008 7:26 PM | 0 CommentsLos Angeles, CA

  Barack Obama and John McCain both support efforts to stabilize mortgage finance giants Fannie Mae and Freddie Mac, but only if needed and because both government sponsored entities are central to...

• On Fighting Foreclosure: McCain vs. Obama

  Paul Kiesel | September 04, 2008 7:18 PM | 2 CommentsLos Angeles, CA

  Barack Obama wants to see the government step in to help homeowners facing foreclosure. John McCain, who several months ago stated he wouldn't support a foreclosure bailout, has recently changed his...

• California's New Mortgage Rules, Schwarzenegger to Sign After a State Budget is Passed

  Paul Kiesel | September 03, 2008 6:17 PM | 0 CommentsLos Angeles, CA

  Below is information, provided by The OC Register, on California State Senate and Assembly bills that have been voted on within the last six weeks. Some have passed, some have not. A reporter for...

• GMAC Home Loan Unit: The Past Year has been Horrible, No Improvements on the Horizon

  Paul Kiesel | September 03, 2008 3:53 PM | 0 CommentsLos Angeles, CA

  Reuters and Bloomberg both reported today that GMAC's Home Loan Unit will fire 5,000 employees, or 60 percent of its staff, and close all 200 GMAC Mortgage retail offices because of "weak real...

• FHASecure: A PR-driven Bush Program?

  Paul Kiesel | August 29, 2008 6:36 PM | 1 CommentLos Angeles, CA

  According to Guy Cecala, the publisher of Inside Mortgage Finance, who was interviewed for a Forbes article examining the failures of the FHASecure program, "FHASecure was a PR-driven program...

• Prime Borrowers Foreclosing at a Higher Rate than Subprime Borrowers

  Paul Kiesel | August 28, 2008 8:25 PM | 0 CommentsLos Angeles, CA

  The Hope Now coalition released information yesterday that finds prime foreclosure starts have finally moved ahead of subprime foreclosure starts for the first time since the industry coalition...

• Traveling to Canada or Mexico for Labor Day? Be Carfeul of Extra, Expensive Cellphone Charges

  Paul Kiesel | August 28, 2008 7:57 PM | 0 CommentsLos Angeles, CA

  I usually discuss recent news and developments surrounding the U.S. housing/mortgage crisis. However, after I came across this story in the Los Angeles Times, I couldn't help but relay this story to...

• FDIC's Worst-Case Scenario for IndyMac and Other Banks: Even Worse than Expected

  Paul Kiesel | August 27, 2008 8:35 PM | 0 CommentsLos Angeles, CA

  As Joe Biden said last year during the Democratic presidential primary debates, and will likely reiterate tonight in Denver, the main source for our current credit crisis lies in mysterious lending...

• Biden to Focus on Economy, Housing Crisis, Foreign Policy and Life Story at Convention Tonight

  Paul Kiesel | August 27, 2008 3:05 PM | 0 CommentsLos Angeles, CA

  During a Democratic primary debate, in August, 2007, Joe Biden saw what many others didn't see or realize until months later: The credit crunch was running so deep -- it could effect several sectors...

• Democratic Convention to Focus on Hillary Clinton and Economy Tonight, Vice Presidential Nominee Joe Biden Stops by a Forum on Women's Issues and Economy

  Paul Kiesel | August 26, 2008 7:55 PM | 0 CommentsLos Angeles, CA

  Tonight's focus and theme at the Democratic Convention shifts to Hillary's anticipated speech and the economy. Hillary's speech is what many will be tuning in to watch or listen to; the several...