Southern California Mortgage Crisis

LISTEN HERE: SoCal NPR – Option ARM Resets

28. August 2009

KVCR reporter Anthea Raymond speaks with local resident Al Rosales, a homeowner who is worried about his forthcoming option-ARM reset date. Option ARMs are those loans offered in abundance during the housing bubble that allowed borrowers to select one of four payment options, the equivalent of a 30 year fixed rate, the equivalent of a 15 year fixed rate, a payment that covers only the interest, or a minimum payment that is less than the interest. The latter two payments are offered for a limited time, and when the time expires the options "reset" causing the payments to increase significantly. Many borrowers can neither afford the higher payments nor refinance their upside-down mortgages. EXPAND TO LISTEN

LISTEN HERE: SoCal NPR – Commercial Sector Impact

23. August 2009

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Ross de Vol, Director of Regional Economics for the Milken Institute, a think tank in Santa Monica, talked about what a rise in commercial foreclosures might mean for our region. He says this sector is the next shoe to drop. EXPAND TO LISTEN

LISTEN HERE: SoCal NPR – A PROPOSED SOLUTION

14. August 2009

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The Director of Regional Economics for the Milken Institute, Ross De Vol, thinks his think tank has a solution to the worsening housing crisis. He tells Anthea Raymond about the Institute's plan to stop "strategic" foreclosures by people who owe more than their homes are worth, especially in the Inland Empire where homes have lost so much of their value. EXPAND TO LISTEN

LISTEN HERE: Socal NPR – COMMERCIAL MORTGAGE CRISIS

8. August 2009

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In this segment we look at how foreclosure might be playing out in the commercial sector. How are owners of office, retail, and industrial space in the Inland Empire faring as businesses struggle to stay in business? To find out, Anthea Raymond talked to Chris Bagley, a reporter for the North County Times. He says problems in the commercial sector are just starting to hit the radar. EXPAND POST TO LISTEN

Listen Here: SoCal NPR – HOUSING & THE CA BUDGET CRISIS

3. August 2009

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KVCR-FM created this NPR news spot pertaining to the Southern California mortgage crisis. Listen to the segment here (approximately 9 minutes). Click the arrow below to play. HOUSING & THE CALIFORNIA BUDGET CRISIS Steve Ward Anthea Raymond July 31, 2009 Fontana City Mayor Mark Nuaimi and Dave Willmon of the League of California Cities discuss California’s fiscal problems and how the [...]

Listen Here: SoCal NPR – THE CRISIS’S NEW HOMELESS

27. July 2009

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The homeless are very different than you and I. At least that's what a lot of us thought until the Mortgage Crisis shook up stable housing situations for thousands in the Inland Empire and Orange County. Anthea Raymond visited the Circle of Hope shelter in Corona this week. She met a woman there named Kathleen Krauss and filed this sound portrait.

Listen Here: SoCal NPR – Crisis Update 2

20. July 2009

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KVCR-FM created this NPR news spot pertaining to the Southern California mortgage crisis. Listen to the segment here (approximately 6 minutes). Click the arrow below to play. CRISIS UPDATE 2 This is the second interview with Anthea Raymond, regional reporter covering the Southern California Mortgage Crisis, by Erin O’Toole of KVCR. 91.9 KVCR – July 17, 2009 Erin O’Toole and [...]

Listen Here: SoCal NPR – Anthea’s Crisis Update

13. July 2009

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KVCR-FM created this NPR news spot pertaining to the Southern California mortgage crisis. Listen to the segment here (approximately 6 minutes). Click the arrow below to play. CRISIS UPDATE 91.9 KVCR – July 6, 2009 Erin O’Toole and Anthea Raymond

Listen here: SoCal NPR – First Time Homebuyers

10. July 2009

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We heard earlier this week that housing values are still diving all over Southern California. That's as foreclosures stay at near record levels, with more expected later this year. But, as Anthea Raymond reports, that may be GOOD NEWS for people shopping for a home for the first time. Open this post to listen to KVCR-FM's audio report online.

Listen here: SoCal NPR – California Foreclosure Moratorium

25. June 2009

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Loan modifications are on the minds of many in the Southland these days. And more are succeeding. Over the first three months of this year over 20-thousand modifications a month were reported to the California Department of Corporations, up from around 15-thousand in the previous year. A new law is designed to make lenders even more willing to modify loans It's the California Foreclosure Prevention Act, which went into effect on June 15th.