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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: regli who wrote (46032)	2/7/2006 3:55:07 PM
From: mishedlo	Read Replies (2) \| Respond to of 116555

CSCO Someone is bullish on this thing There is 132K strike 17.5 FEB calls sitting out there and 110K strike FEB 20 Calls Puts are 81K by 33K respectively Mish

To: regli who wrote (46032)	2/7/2006 5:03:37 PM
From: mishedlo	Respond to of 116555

Home sellers making a leap of faith with St. Joseph statue startribune.com

To: regli who wrote (46032)	2/7/2006 5:07:35 PM
From: mishedlo	Read Replies (1) \| Respond to of 116555

Flood of Mortgage Defaults Expected in Gulf Coast as Grace Periods Expire SACRAMENTO, Calif. Jan. 24, 2006 ForeclosureS.com, a California based investment advisory firm and nationwide publisher of distressed property information reported today that a flood of mortgage defaults could be expected in the storm ravaged Gulf Coast region. 90-day grace periods extended by many mortgage lenders expired in December. "Borrowers could still negotiate workout solutions on a case by case basis," said ForeclosureS.com president Alexis McGee, "but they had to do it before December 1st." She added that many properties are simply gone, and that about 850,000 structures were completely destroyed or so badly damaged as to be uninhabitable. "The impact of the hurricanes last year will distort the Gulf Coast housing market for some time," Ms. McGee said. She added that both loan originators and the secondary mortgage market were trying to accommodate borrowers suffering from hurricane related financial problems. "For example," she pointed out, "delinquencies of both mortgages and consumer debt are not being reported to credit bureaus, nor are hurricane related foreclosures." She went on to say that the Gulf Coast housing market was strong even as defaults increase as people with insurance settlements find replacement housing, while those without insurance face foreclosure. Ms. McGee also warned that scam artists were already at work in the devastated region. "Crooked adjusters are urging people to file bogus insurance claims for a share of the proceeds. Inexperienced and unlicensed contractors are preying on people with damaged homes, demanding money up front and then disappearing without doing the work. There have also been some suspicious house fires in cases where there was fire insurance but no flood insurance." ForeclosureS.com has been publishing foreclosure lists and assisting investors since 1992. The company expanded its foreclosure list coverage to nationwide on November 15, 2005. Ms. McGee said that they now have over 700,000 listings of distressed property in more than 900 counties across the U.S. on their website www.foreclosures.com. "We teach our investor clients how to create win-win scenarios that benefit both the distressed owner and investor," Ms. McGee said. "The homeowner conserves some equity for a new start, and the investor realizes a reasonable profit on resale of the home. That's much better than seeing the owner lose everything in a foreclosure auction." knowledgeplex.org