brooke07t7: December 2010

Thursday, December 30, 2010

Moms Making Money

Amber Portwood mugshot, hitting Gary video below

MTV’s Teen Mom reality star Amber Portwood has been arrested and is in jail in Indiana.

She has been charged with three felonies after hitting Gary Shirley, her child’s father, during an episode of Teen Mom.

Amber Portwood, 20, was arrested and charged with two felony counts of domestic battery, one felony count of neglect of a dependent, and one misdemeanor count of domestic battery. [TMZ]

Recently Amber Portwood told the National Enquirer that MTV actually paid her to hit Gary Shirley.

From the National Enquirer:

But Amber insists the violence was all a ruse and that show execs gave her an extra $1,000 to “get physical” with her ex during filming because they “wanted more drama,” says an insider.

“Amber knows she needs a good defense, and reality show producers are known to stage scenes, so she thinks it’s believable.

“She says that the producers were concerned because they don’t get much drama from the other moms.

“They told her that she and Gary were the most popular couple on the show and that they would pay her extra to provoke a fight. Amber says Gary didn’t know about it because they wanted a ’spontaneous’ reaction from him.”

Amber Portwood has attacked Gary Shirley three separate times and MTV, whether they told her to do it or not, should be partially held responsible.

It’s disgusting what has become of so many reality shows. Hitting, attacking, bullying, and making people’s lives hell seems to bring up ratings, but at what cost? The really sad thing in this instance is that a child is involved. MTV may not have paid Amber Portwood to hit Gary, but even if they didn’t, they filmed it happening and aired the episode – all for ratings and profit. They reward her for the bad behavior and give her a paycheck for the “drama” they crave so badly. But that money will be gone soon (especially now that she could be fined $10,000 for her charges) and what’s left? A child who will one day see this footage which will definitely be damaging to her.

Congrats, MTV, after Jersey Shore I didn’t think you could sink any lower, but it looks like you have. It’s a shame considering the ground-breaking, edgy, rock n’ roll channel it used to be. Now it’s simply the Jerry Springer of networks.

Amber Portwood is facing 3-years in prison and may be fined upwards of $10,000. I hope that $1000 was worth it.

Fox News, Hypocrisy, And “Politically Correct” Journalism

My earlier post about Megyn Kelly's absurd equation of illegal immigration and rape in a discussion about changes to the Associated Press Style Guide.

Keith Olbermann: 'Fox News Is 100% Bullshit'

Keith Olbermann is anything but hesitant when it comes to a battle with Fox News, and the MSNBC anchor took to Twitter Wednesday to share his views on the TV network he probably wouldn't even call a rival. "Fox News is 100% bullshit," ...

Larry Kramer: This Is Why Fox News Continues To Roll

People are getting lazy about forming their own opinions.

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Tuesday, December 28, 2010

foreclosure report

A press release from LPS' Mortgage Monitor Report shows Foreclosure Inventory Rising for 5th Straight Month

The November Mortgage Monitor report released by Lender Processing Services, Inc. (LPS) shows that the volume of loans moving to REO continued to drop as moratoria further delayed foreclosure sales. While the 90+ delinquency category has steadily declined, the number of loans moving to seriously delinquent status beyond 90 days far outpaced the number of foreclosure starts. Nearly 2.2 million loans are 90 days or more delinquent but not yet in foreclosure.

Foreclosure inventories also continued to rise for the fifth straight month as delinquent accounts are referred for foreclosure, but the sale of foreclosure properties continued to decline. When compared to January 2008 levels, the foreclosure inventory of Jumbo Prime loans is nearly seven times higher; the inventory of Agency Prime loans is nearly six times higher; and the foreclosure inventory of Option ARM loans is approaching five times the inventory in January 2008.

The report also shows that one-third of loans that are 90 days or more delinquent have not made a payment in a year; however, the number of new problem loans declined nearly 5.4 percent from October, which is opposite of the seasonality trend that typically impacts new delinquencies this time of year. Self-cures for loans one to two months delinquent increased in November to a six-month high.

In the month of November, 261,153 loans were referred to foreclosure, which represents a 0.7% month-over-month decline. The total number of delinquent loans is nearly 2.1 times historical averages - and foreclosure inventory is currently at 7.7 times historical averages.

As reported in LPS' First Look release, other key results from LPS' latest Mortgage Monitor report include:

Total U.S. loan delinquency rate: 9.02 percent
Total U.S. foreclosure inventory rate: 4.08 percent
Total U.S. non-current* loan rate: 13.10 percent
States with most non-current* loans: Florida, Nevada, Mississippi, Georgia, New Jersey
States with fewest non-current* loans: North Dakota, South Dakota, Alaska, Wyoming, Montana

Charts From The Report

The report is 34 pages long. Inquiring minds may wish to give it a closer look. Here are a few select charts.

click on any chart for sharper image

Delinquent and Foreclosure Rates by Month

Total Delinquency Percent Excluding Foreclosures

Total Foreclosure Percent By Product

Foreclosure Increase Compared to January 2008

Loan Cures

Serious Delinquencies

Foreclosure Starts vs. Serious Delinquencies

While there are some welcome trends in direction, actual foreclosures are lagging. The pent-up need to foreclose is huge.

Moreover, mortgage rates have rising nearly a full percentage point in the last 45 days. This will put a damper on already depressed home sales, making it harder to unload inventory.

Look for months of inventory to soar in the upcoming months with continued declines in home prices. Contrary to what most think, falling prices are a good thing. Home prices need to fall to a point low enough where genuine demand kicks in.

Foreclosure moratoriums are counterproductive and exacerbate existing problems.

Mike "Mish" Shedlock
http://globaleconomicanalysis.blogspot.com
Click Here To Scroll Thru My Recent Post List

""A total of 78,955 U.S. properties received default notices (NOD, LIS) in November, a 21 percent decrease from the previous month and a 31 percent decrease from November 2009 — the 10th straight annual decrease in default notices. November’s default notices total was the lowest since July 2007. ""

DEFAULT NOTICES, administrative 3 months mandatory paper trail, properly 'served' to meet stage one Legal Requirements...

November 2010 lowest since July 2007 thats 3 years and 5 months = 41 months

so finally exhausted the continued monthly supply of about 80,000 defaulting type house buyers, 3.28 million defaulters

SINCE THE TAIL END CHARLIES finally 'evicted' is/has been at 95,000 / month...(why MORE..hum) ANYWAY, FOR SURE ALL 100% OF THE DEFAULTERS SEEM TO BE CONTINUING TO NOT PAY..remaining rent free during the judicial cycle from default to final eviction...

How Long on average ? 12-24 months per house rent-free? pure guess.. another guess is therrefore HOW MUCH 'TAKE HOME ADDITIONAL SPENDING MONEY IS IT @ 24 months and say $1500/month (very modest estimate, low end). and 3.28 million 'beneficiaries' over the 41 months thus far...

Well, a NICE SOLID $36,100 per household ....11.75 x 10 (6+4) => 11.75 tens of billions..=>.$117.50 BILLION boost to the USA economy, spread over 41 months, very very good...

Another pure guess is IF the US IRS will make an Administrative Final Decision regards the tax status of the UNPAIDFORGIVEN DEBTS on those mortgages...

You see, of course, that for every Bank Tax deduction for 'written off mortgage-debt', that same EQUAL amount of "DEBT FORGIVEN MUST BE TAXED", against the 'beneficiary...shall it be 'short term' or 'long term' windfall income?,

and under what special payment terms shall the IRS allow the money-due to be paid...probably the short term mode = 35% average for blue collar workers, spread over 2 years of the estimated $36,100 / household finally evicted, about $12,600 'back taxes due'

and for non-citizens, non-payment could result in deportation/refusals to renew VISAs and all THAT...right?

Thursday, December 30, 2010

MTV’s Teen Mom reality star Amber Portwood has been arrested and is in jail in Indiana.

Tuesday, December 28, 2010

Thursday, December 23, 2010

Wednesday, December 22, 2010

Sunday, December 19, 2010

1. Expensify

2. Talk to Me

3. TripItclass="blippr-nobr">TripIt

4. Box.net for Android

5. Aloqa

6. FlightTrack

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