Subprimes are still there. - 03/31/07 08:56 AM
Subprime mortgages are stil out there. But what are they? Very simply, they’re loans made to borrowers with a FICO score of 620 or below. What borrowers should be aware of are the dangers of entering into this kind of financial commitment. To begin with, when a subprime loan is made, … (2 comments)
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Hermosa Beach - The Bijou - 03/28/07 05:56 PM
Hermosa Beach really is a unique little beach town. It celebrated its 100th anniversary in January ‘07. It’s always been a casual version of Manhattan Beach and a little more hip than Redondo Beach. Hermosa is Hermosa, a beautiful town...big on sports, big on saloons and big on a variety of … (0 comments)
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Will Loan Disclosures Work? - 03/26/07 07:34 PM
Were Interest-only mortgages (IOs) and option ARMS (OAs) designed as creative options for borrowers, or to confuse them? More than likely the later since borrowers usually don’t understand the risks involved. As pointed out by analists, it’s not realistic to assign responsiblity of all mortgages to loan officers or mortgage brokers. … (1 comments)
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Paradise in the South Bay - 03/24/07 02:55 PM
The original Spanish settlers had it right when they named it Playa de Hermosa—Beautiful Beach.From Santa Monica, Hermosa Beach has always been the other end of the world I grew up in—Santa Monica Bay. If I took a mind trip, the picture would always be a clean sunny day before cost … (2 comments)
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The Sky Is Falling! - 03/22/07 12:26 PM
Is it possible that someone is trying to fool the public concerning the state of the economy? Is the sudden sense of panic unfounded? Yes, there was a 250 point plunge in the Dow Jones industrial average, and an explosion in rising home foreclosure rates. Subprime loans are showing the consequences. … (4 comments)
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LAX/Hollywood Spectacular - 03/20/07 02:12 PM
It looks like LAX is staging a Hollywood spectacular—a multi-million dollar return of "Encounters," the arches theme restaurant from 1969—last redesigned by Disney Productions— and the landing of the worlds largest jumbo-jet Airbus A380, arriving non-stop from Toulouse, France. With a wing-span bigger than a football field, the rumor is it … (1 comments)
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“Civilians” Spotted in Saloon Office Meetings - 03/18/07 01:01 PM
Whoever said our real estate office didn’t have character? Drop into one of our Wed am meetings in the local saloon on The Strand in Hermosa Beach. I doubt there’s another office meeting in town quite like it. Equality prevails like a parochial grade-school, with the exception of prerequisite uniforms. Multi-million … (1 comments)
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Ponderings in the fog - 03/16/07 01:35 PM
Sitting here looking at the fog drifting in can’t help but leave me with a feeling of gloom. Nothing specific, but GLOOM never the less. Gloom is one of those things that is brought on with a lack of something positive on ones mind, e.g., Where should I have dinner tonight?; … (1 comments)
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Exuberance turns to concern - 03/14/07 08:06 AM
Refinance to get cash and make ends meet? Nothing to it. Refinance again in six months and get a better loan with a lower interest. Bad credit? Not a problem.Tell New Century Financial Corp.: stock down 48% from less than a year ago.Sub-prime was going hand-in-hand with exuberance. The idea that … (2 comments)
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The King Is Down...for the day. - 03/12/07 04:50 PM
Yeah, I predicted a hands-down winner. There was no doubt in my mind, the King was
pre-annointed. Who in the tennis world could possibly equal the smoothest, Zen-like personality of the current number-1? I was considering joining a friend to make the trip to Indian Wells next week. And now? Hard … (0 comments)
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So where’s your money? - 03/11/07 12:34 PM
So where’s your money? Ginepri advances in Pacific Life Open at Indian Wells, CA
American Robby Ginepri was a first-round winner at the $3.285 million Pacific Life Open. And there will be other winners in the early going.
But is there much reason to think that ultimately the winner is in question? … (1 comments)
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The Way It Was - 03/10/07 08:48 AM
“’It seems like only yesterday...,’ so to speak. Driving down Sepulveda
Blvd. from Westwood Village in my ‘32 Ford, longboards sticking out of
the rumble seat in the rear; we made our first stop at Manhattan Beach,
before proceeding on to points south. The only reminders still standing
today are a … (2 comments)
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