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The Next Wave: Option Adjustable Rate Mortgages Poised to Reset
Anthea Raymond
Steve Ward
August 29th, 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 option “reset” causing the payments to increase significantly. Many borrowers can neither afford the higher payments nor refinance their upside-down mortgages.

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Commercial Property Foreclosures Impact the Region
Anthea Raymond
Ross De Vol
Duncan Lively
August 21th, 2009

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.

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THE DE VOL HOUSING SOLUTION FROM THE MILKEN INSTITUTE
Anthea Raymond
Steve Ward
August 14th, 2009

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.

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THE COMMERCIAL PROPERTY MORTGAGE CRISIS
Anthea Raymond
Steve Ward
August 7th, 2009

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.

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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 NEW STATE BUDGET might affect homeownership and housing, including how Inland Empire cities might be affected by the state’s plan to claim almost 2 billion dollars in local development funds.

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THE CRISIS’S NEW HOMELESS
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.

Kathleen Krauss
Anthea Raymond
July 23, 2009
Kathleen Krauss has been living at the Circle of Hope Family shelter in Corona since April. The sound portrait you heard was prepared by Anthea Raymond as part of KVCR’s “Facing the Mortgage Crisis” series.

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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 Anthea Raymond

KVCR-FM created this NPR news spot pertaining to the Southern California mortgage crisis. Listen to the segment here (approximately 6 minutes).

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CRISIS UPDATE
91.9 KVCR – July 6, 2009
Erin O’Toole and Anthea Raymond

KVCR-FM created this NPR news spot pertaining to the Southern California mortgage crisis. Listen to the segment here (approximately 6 minutes).

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FIRST TIME HOMEBUYERS
91.9 KVCR – July 9, 2009
Anthea Raymond

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.

KVCR-FM created this NPR news spot pertaining to the Southern California mortgage crisis. Listen to the segment here (approximately 6 minutes).

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CALIFORNIA FORECLOSURE PREVENTION ACT
91.9 KVCR – June 25, 2009
By Anthea Raymond

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.

The law was proposed by Governor Arnold Schwarzenegger to help prevent foreclosures, at least as many as possible. The Act extends the foreclosure process by an additional 90 days unless a lender or mortgage loan servicer is considered “exempt” by state licensing authorities — usually the California Department of Corporations. Reporter Anthea Raymond asked Kevin Stein, the Associate Director of the California Reinvestment Coalition, a consumer rights group, whether he felt the law will help homeowners struggling with mortgages.