Bolsa Chica Self Storage of Westminster, CA, Wins Small Business of the Year Award

In June, Bolsa Chica Self Storage of Westminster, Calif., received the 2007 Small Business of the Year Award presented by the Westminster Chamber of Commerce. Since the facility’s opening in August 2005, owner Willis Miller has endeavored to give back to the community in which he has done business for more than 50 years.
 
Since its [...]

California’s discount home sales point to housing bottom.

  California led the U.S. into the worst housing recession since the 1930s. Now the most populous state may be the first to find the bottom.
 
  In Stockton, the U.S. metro area with the highest foreclosure rate, home sales more than doubled in the second quarter after prices fell by an average 37 percent, [...]

Washinton Mutual is not out the woods yet.

  Just a short we where all thinking Washinton Mutual’s days where over as they seem to be tettering on bankruptsy.  Washington Mutual’s position is to say remember that $7.2 billion equity deal.  It is the standard line every time someone suggests it’s on the verge of going bankrupt? As the firm proudly said in a [...]

Former BofA Executive Gene Taylor Joins Fortress Investment Group

 Investment Banking Chief Joins Fortress
Just months after being pushed aside at Bank of America, Gene Taylor has joined alternatives giant Fortress Investment Group.
Taylor will serve as an operating executive at publicly-traded Fortress. He will evaluate investment opportunities and provide operational guidance by sitting on the targets’ boards, according to Private Equity Analyst.
Taylor left BofA in [...]

Is Obama’s “change” the change that we need?

Obama The Patriot – Removes American Flag From His Plane

  I am old enough to have had to sign up for the draft and fortunately for me I was never drafted.  Needless to say those who did serve in battle for this country must be beside themselves at the sight of a possible president of [...]

Can the investment banks dig themselves out in seven months?

  Never mind that the loan balance between the Federal Reserve and Wall Street has been $0 for four weeks, time is running out for the borrowers to get their financial houses in order.
  The Fed announced Wednesday that the credit facility it opened to investment banks in March will be closing on Jan. 30. [...]

(Update) Stimulus Package – Take Two

   This time the stimulus package looks like it is going to make it to the homeowner.  As I understand the early guidelines you will be able to get a FHA mortgage for 90% of the current mortgage and the remaining balance will be forgiving.  This will help many people to stay in there homes.  [...]

Virgina & Maryland Home Onwers have mortgage options

  I have came accross Mr. Steve Shahinian of Loan Leaders of America.  Steve has been working in the Virginia, Maryland, West Virgina & DC markets for several years.  He can structure residential and commerical mortgages with many programs at his dispossal.  If you are in the market for a mortgage or if the banks have [...]

Fed tweaks emergency liquidity measures

Moves to lengthen maturities, extend primary-dealer program
  The Federal Reserve, continuing to combat the enormous stresses that have engulfed financial markets, announced Wednesday several steps designed to enhance its emergency lending program for banks and primary dealers.
  For banks, the Fed said it would lengthen some of the credit it extends to 84 days. At [...]

Mortgage applications drop and some act supprised….

  Applications filed for mortgages fell a seasonally adjusted 14.1% last week, as applicants shrugged off lower interest rates on fixed-rate loans, the Mortgage Bankers Association reported on Wednesday. Compared against the same week in 2007, applications dropped an unadjusted 30.3%, according to the Washington-based MBA’s latest survey. It covers about half of all U.S. [...]