Monthly Archives: October 2008

1 in 5 California Mortgage Borrowers Behind in Payments

NEW YORK (Reuters) – Nearly one in five U.S. mortgage borrowers owe more to lenders than their homes are worth, and the rate may soon approach one in four as housing prices fall and the economy weakens, a report on … Continue reading

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Fix California Housing and it Fixes the Economy

Oct. 29 (Bloomberg) — Plunging home prices will cut economic growth in the U.S. more than the drop in stock prices this year, economists at the University of Southern California and the University of California, Los Angeles, said. A 10 … Continue reading

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Market is the California Market is the Market

The world forgot about the basics of practicing economic prudence while Ukraine must come to real terms about its own state of economy In my financial education, I was taught: 1) Just because something is being traded at a particular … Continue reading

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September 2008 Sales are Up in California

BEIJING, Oct. 27 — Single-family home sales in California almost doubled in September, rising above an annual rate of 500,000 for the first time in more than two years, as a plunge in prices boosted buying, the state’s Realtors group … Continue reading

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Mortgage Fraud Down in California

DALLAS, Oct. 27 /PRNewswire/ — Quarterly mortgage fraud activity dropped, according to the FraudBlogger Index published by http://www.MortgageDaily.com. Some of the states with the most fraud activity were also the states with the most foreclosures. From July 1, 2008, to … Continue reading

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