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"Optimists, look away now." This is the first sentence of a very brief article in last week's The Economist. The subhead reads "A nasty mortgage product promises yet more misery," and the title of...
The American Dialect Society recognized subprime as the word of the year. The word subprime is familiar to many, whether they have a subprime mortgage or not, and is connoted with cheap --...
NYU Economics Professor Nouriel Roubini or as the New York Times calls him, Dr. Doom, foresaw the eventual housing bust in September, 2006. He belonged to a minority group of economists who shared...
Every year there are new state laws passed. A few new laws this year affect drivers. I have previously blogged about the new "hands-free" law for use of a cellular phone while driving. But, did you...
CNNMoney.com published an article today that reiterates a point I brought up three months ago in a blog titled, "The Next Mortgage Crisis: Prime Borrowers." CNN's article relates how more borrowers...
It seems as if almost daily we are told that the proliferation of personal injury lawsuits will be the ruin of Western civilization as we know it. This propaganda is generated by a host of...
There is good news and bad news coming from Zillow.com's recent home value statistics for the Los Angeles area. The good news: If you purchased your current home in 2003, you're very likely not to...
Even after Fannie Mae and Freddie Mac announced last week that their losses were three times worse than estimated, Treasury Secretary Paulson said, "We have no plans to insert money into either of...
...This has been a lingering question for the last couple months, as housing bills have been signed, banks have failed, foreclosure rates continue to rise and home prices further depreciate. So...
Blue Shield has settled wrongful recision claims against it by the Department of Managed Health Care. The DMHC alleged that Blue Shield wrongfully engaged in "post-claims underwriting". When some...
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