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

CLCREE Can Help You Try To Recover Your Renegotiation Fraud Monies

19. August 2009

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The Center for Litigation and Consumer Real Estate Education (CLCREE) is a nonprofit consumer advocacy organization that provides free legal services to alleged victims of predatory lending and consumer real estate issues. We assist in real estate related consumer complaints and, when warranted, provide free expert testimony and discovery assistance for possible future legal action. We are [...]

“It’s Your Call” KVCR TV – Crisis Update

14. August 2009

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VCR brought back guests John Husing, a leading regional economist, and Bob Hooker, the director of the Inland Empire Economic Recovery Corporation, to discuss the status of the crisis with host Roger Bowman. Is the situation improving, as some say, or worsening, as RealtyTrac's latest numbers would indicate. More importantly, what newly-developing trends appear to be endangering the long-term recovery prospects in the SoCal market. Are the Federal government assistance programs working? Are banks ignoring the region? The guests talk candidly about the realities of the Southern California mortgage crisis including the banks and Federal responses.

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

HAS KVCR HELPED YOU?

7. August 2009

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We at KVCR want to know if we've helped you during this mortgage crisis by making members of non-profits and community programs available to answer your questions. If KVCR has helped you navigate this crisis, we'd like to hear from you and possibly record your testimonial. Tell us how we've helped.

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 [...]

“It’s Your Call” KVCR TV – Credit & Loan Modifications

17. July 2009

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Broadcast 7/17/09 - It's Your Call on KCVR. Host Roger Bowman had guests Tanisha Mason, Homeownership Retention Counselor from Neighborhood Housing Services of the Inland Empire, Inc., Melinda Opperman, Vice President of Community Outreach for Springboard, a non-profit Consumer Credit Management firm, and April Landry, a Certified Financial Counselor also with Springboard. They discuss credit management and loan modification applications. WATCH HERE.

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