A DAILY LOOK AT THE STORIES YOU SHOULD BE READING

Real Estate

- The government is finally getting around to closely regulating mortgage brokers.

- Only about 3 years late, Moody’s is downgrading Jumbo mortgage backed securities.

- In good news, Bay Area real estate has seen a surge in buying activity, particularly activity backed by government sponsored loans.

- Unsurprisingly, the home builder industry is starting to tear itself apart from the inside out.

Finance

- What’s another $1 Trillion between friends? Saving money is over-rated anyway.

- As if AIG’s legal department didn’t have enough on its plate, the company is now getting sued by Countrywide. Another awesome use of taxpayer money.

- President Obama said he’s “stunned” by the AIG bonuses. He should really tear into the guys running the company – his own staff.

- 1 in 10 Californians aren’t working. At least traffic will be lighter on the freeways, right?

Ciriosly Funny

- Yet another reason to flock to LA Freeway chases – yeah, free money!

This entry was posted on Friday, March 20th, 2009 at 9:34 am and is filed under Mortgages. You can follow any responses to this entry through the RSS 2.0 feed. You can skip to the end and leave a response. Pinging is currently not allowed.