Monthly Archives: September 2008

J.P. Morgan Says California Home Prices Will Fall 44% from Highs

J.P. Morgan said the peak-to-trough average home price in California could fall as much as 58% if the country enters a severe recession. The estimate was included in materials prepared for a conference call on Thursday evening outlining the Washington … Continue reading

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Greed Bringing the Houses Down!!!

There’s no time like the present to read this one. Talk about a whopping tale — and it happens to be true. In Chain of Blame, authors Paul Muolo and Mathew Padilla, both seasoned financial journalists, skillfully lead readers through … Continue reading

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California Planning Changes at $700 Billion USD

SAN FRANCISCO (AP) — Not even $700 billion will be enough to spare the United States from more economic anguish if the government’s proposed banking bailout pans out like similar desperation moves during the past two decades. It usually takes … Continue reading

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California City Housing Get Access to Best Washington D.C. Has to Offer

LONG BEACH, CA, Sep 26, 2008 (MARKET WIRE via COMTEX) — The League of California Cities honored U.S. Rep. Maxine Waters today during the closing general session of its 110th Annual Conference today in Long Beach. The congresswoman was recognized … Continue reading

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Schwarzenegger Vetoes Status Quo on Mortgage Loans

SAN FRANCISCO (MarketWatch) — California Gov. Arnold Schwarzenegger vetoed a proposal Thursday that would have imposed tougher restrictions on mortgage brokers, including banning them from issuing exotic loans to borrowers whose balances grow rather than shrink over time, the Sacramento … Continue reading

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