Morro Bay Real Estate

Featured Article

• Do New Mortgage Rules Make Borrowers Safer?

  Wednesday Jul 16 | via Realty Trac 

  You could hardly miss the headlines this week: More than 1,000 news outlets covered new rules from the Federal Reserve designed to "protect" America's mortgage borrowers.

  Comment?

  Related Topix: Home, Foreclosures, Mortgage, Mortgage, Personal Finance

Local Headlines

• Foreclosures continue to soar

  Yesterday | via Monterey County Herald 

  Foreclosures in Monterey County continue to climb at a record pace, with 847 homes lost to foreclosure in the second quarter, reflecting an increase of 443 percent over the second quarter of 2007. 1 comment

  Related Topix: Santa Cruz County, CA, San Luis Obispo County, CA, Santa Barbara County, CA, Housing, Monterey County, CA

• Hurst's suspension marks third strike for local lenders

  Yesterday | via SanLuisObispo.com 

  State regulators say Atascadero's Hurst Financial has fraudulent business practices; the action follows similar orders to two other lenders The state's Department of Corporations has suspended Atascadero-based ...

  Comment?

  Related Topix: Housing, Atascadero, CA, San Luis Obispo, CA, San Luis Obispo Metro, San Luis Obispo County, CA

• Foreclosures continue to skyrocket in California

  Tuesday | via KSBY-TV San Luis Obispo 

  DataQuick studies showed more than 63,000 California homes were lost to foreclosure between April and June."); var headline = escape ; OpenWin "> DataQuick studies showed more than 63,000 California homes were ...

  Comment?

  Related Topix: California, Foreclosures

• State suspends Atascadero-based Hurst Financial's securities permit

  Tuesday | via SanLuisObispo.com 

  The state's Department of Corporations has suspended Atascadero-based Hurst Financial's permit to collect and sell securities to California investors, describing the business's practices as "tending to work a ...

  Comment?

  Related Topix: Housing, San Luis Obispo Metro, Atascadero, CA, San Luis Obispo County, CA

• Night Moves: EFI files fund Chapter 11

  Friday Jul 4 | via UncoveredSLO 

  Estate Financial Inc. principals Karen Guth and Joshua Yaguda placed EFI's Mortgage Fund LLC into voluntary Chapter 11 bankruptcy with a July 1 appearance in .

  Comment?

  Related Topix: Paso Robles, CA, San Luis Obispo County, CA, Home, Mortgage, Mortgage, Personal Finance

Regional Headlines

• Report: Grand jury investigating subprime lenders

  1 hr ago | via The Record 

  A federal grand jury reportedly is investigating the nation's largest subprime mortgage lenders, Countrywide Financial Corp., New Century Financial Corp.

  Comment?

  Related Topix: Financial Services, Countrywide Financial, Home, Mortgage, California

• Don't Let Them Slash Your Credit-Card Limits

  3 hrs ago | via WTVF Nashville 

  As big banks such as Wachovia, Citigroup and Bank of America continue to post multimillion-dollar writedowns to cover mortgage loan losses and other bad investments, credit-card holders are increasingly getting ...

  Comment?

  Related Topix: Mortgage, Personal Finance, Home, Mortgage, California

• Resets begin peaking on subprime loans

  4 hrs ago | via Ledger Dispatch 

  The number of homeowners facing an increase in their subprime adjustable-rate mortgage payments will peak this summer, testing the efforts of lenders and others to keep those people out of foreclosure and ...

  Comment?

  Related Topix: California, Home, Mortgage, Mortgage, Personal Finance

• Subprime Today: National City posts record loss

  8 hrs ago | via MarketWatch 

  Each morning, Subprime Today provides a summary of MarketWatch's financial coverage as well as stories from other news outlets, providing links to those original articles.

  Comment?

  Related Topix: National City Corporation, Banking, Financial Services, MarketWatch, Startups, Home, Mortgage, Mortgage, Personal Finance, California

• Focus on foreclosures

  10 hrs ago | via San Bernardino County Sun 

  Help may be on the way for homeowners, banks and communities hit hard by the mortgage crisis after the House of Representatives approved a relief package on Wednesday. 1 comment

  Related Topix: Claremont Graduate University, Claremont Consortium of Colleges, California, Home, Mortgage, Mortgage, Personal Finance

National Headlines

• Editorial: Cloudy prospects

  1 min ago | via Business Standard 

  Oil prices have dipped a good 15 per cent in the last few days, and suddenly the forecasts on oil prices talk of a dip, not a further rise in prices.

  Comment?

  Related Topix: Mortgage, Personal Finance, Home, Mortgage, Opinion

• Housing, jobs send stocks skidding

  2 min ago | via SI.com 

  Renewed fears about the battered housing market and rising unemployment sent stocks into a tailspin Thursday.

  Comment?

  Related Topix: Mortgage, Mortgage, Personal Finance, Housing

• On the Market: Chad Rogers's Beverly Hills Listing

  2 min ago | via CurbedLA 

  Last week, everyone met Chad Rogers , one of the real estate agents behind the forthcoming "Million Dollar Listings," Bravo's new television show about three "hot" Los Angeles real estate agents.

  Comment?

  Related Topix: Beverly Hills, CA, Real Estate, Los Angeles, CA, Million Dollar Listing, Reality TV, Entertainment, Television

• PricewaterhouseCoopers: Credit and mortgage crisis cause companies to delay public offerings

  2 min ago | via International Herald Tribune 

  NEW YORK : PricewaterhouseCoopers on Thursday reported that the number of initial public offerings for the first half of the year has fallen to a four-year low because of turbulent market conditions.

  Comment?

  Related Topix: Mortgage, Financial Services, Accounting, Mortgage, Personal Finance, Visa Inc., Financial Markets

• Credit Suisse profit plunges 62%, less than analysts said

  4 min ago | via The Taipei Times 

  Credit Suisse has been able to cut risky positions a bit faster than probably the average in the sector.

  Comment?

  Related Topix: Insurance, Credit Suisse Group, Home, Mortgage, Banking, Financial Services, Ubs Ag