Orange County~Central


huntington-beach-pier-at-sunset1 

COSTA MESA

Looking to reserve an athletic field in Costa Mesa? To do so, visit www.ci.costa-mesa.ca.us

 

FOUNTAIN VALLEY

Nothing to report.

 

HUNTINGTON BEACH

The Fountain Valley High School Girls Softball booster club will be holding a gift wrappi The Fountain Valley High School Girls Softball booster club will be holding a gift wrapping fundraiser through Sunday at 7212 Edinger Avenue in Huntington Beach.  Proceeds from the event will benefit field improvements and team equiptment.  For more information, please call 714-848-5982.

 

IRVINE

City Hall will be closed December 24th-January 4th.  For more information, please visit www.cityofirvine.org

 

LOS ALAMITOS

While police and fire departments will remain open, City Hall will be closed Monday through Friday next week for the holidays.  For more information, please visit www.ci.los-alamitos.ca.us

 

NEWPORT BEACH

Nothing to report.

 

ORANGE

Tonight the Police Department will be holding a DUI and driver’s license checkpoint from 8pm-1am at the 800 block of North Tustin Street for southbound traffic. For more information, please call 714-744-7444.

 

SANTA ANA

A $300,000 donation given to an after-school program for at-risk  youth will be sharing the money with the Santa Ana school district. 

 

SEAL BEACH

Nothing to report.

 

TUSTIN

Nothing to report.

 

 

VILLA PARK

There are currently two open seats on the Villa Park Community Services Foundation. Applications are currently being accepted and may be submitted at City Hall, 17855 Santiago Boulevard.  For more information, please call 714-998-1500.

 

For more information visit ocregister.com

Orange County~South


laguna-beach-vistaALISO VIEJO

The “Meet your community reporter” series held at the Neighborhood Cup will not be held until January 7, 2009. 

 

COTO DE CAZA & THE CANYONS

Santa Claus will be stopping by Cook’s Corner at their annual “Christmas in the Canyon” tomorrow from 1-5pm. For more information, please visit www.cookscorners.com

 

DANA POINT

Nothing to report.

 

LADERA RANCH

The OC Register is currently showcasing Tesoro High School photos.  Please visit  www.ocregister.com for more information.

 

LAGUNA BEACH

A “Service of Comfort and Hope” group will be held Sunday at 7pm at Laguna Beach Methodist Church, located at 21632 Wesley Drive for anyone needing support during the holidays.

 

LAGUNA HILLS

The California Street Hockey Association is currently seeking members of all levels for their co-ed teams. For more information, please call 714-738-8329.

 

LAGUNA NIGUEL

If you stop by The Hanger, 28051 Greenfield Drive, and purchase two gift certificates, you will receive one free! The shop is currently donating proceeds from every purchase to the Working Wardrobes charity.

 

LAGUNA WOODS

Nothing to report.

 

LAKE FOREST

Congratulations to El Toro High School drama student Colin Andrews who won “Best Actor” last weekend at the Rancho Cucamonga One Act Festival.

 

MISSION VIEJO

A free running camp will be held December 29-31st from 10am-12pm at Trabuco Hills High School.  For more information, please visist www.saddlebackrunningclub.com

 

RANCHO SANTA MARGARITA

Nothing to report.

 

SAN CLEMENTE

Nothing to report.

 

SAN JUAN CAPISTRANO

Nothing to report.

For more information, please visit ocregister.com

Orange County~North


disneyland-nightANAHEIM

The entire city council applauded city attorney Jack White at his final council meeting last Tuesday.  He provided service to the city for 32 years.

 

BREA

Nothing to report.

 

BUENA PARK

Tomorrow from 2:30-3:30m, the Buena Park Library District (7150 La Palma Avenue) will hold a cookie decoration workshop for teens.  Supplies will be provided.

 

CYPRESS

Visitors may park for free in street sweeping zones and police will not be issuing parking tickets during the holidays (between 12/22-1/2) in the city of Cypress.

 

FULLERTON

Nothing to report.

 

GARDEN GROVE

This Saturday and Sunday, the Garden Grove Pony Baseball League will be holding spring signups at 12192 West Street from 9am-3pm.  Participants may also register online at www.ggpb.com

 

LA HABRA

Gingerbread Madness, hosted by the city’s Children’s Museum will take place at 301 S. Euclid Street on Saturday from 11am-3pm. For more information, please call 562-905-9793.

 

LA PALMA

A free “Pay for Wellness Not Sickness/Health Affirmations” workshop will be held on December 30th from 6-7pm at the city’s community center (7821 Walker Street). For more information, please call 714-813-5732.

 

PLACENTIA

Nothing to report.

 

STANTON

The USA Water Polo National Trainig Academy will host a water training and swimming course (Red Cross Certified) December 20, 21, 27 and 28th.  For more information, please call 714-379-9222.

 

WESTMINSTER

The Farmer’s Market located at the  Westminster Mall will be closed December 24th and 31st.

 

YORBA LINDA

A fundraiser benefiting the Richard Nixon Library & Birthplace Docent guild will be held on January 6th.  For more information, please call 714-777-1315.

 

For more information visit orangecountyregister.com

Who is Helping People with New Mortgages?


People taking out new mortgages must be very cautious but soon they may have new protections if the Fed has any say.

 

The Fed is proposing rules to protect borrowers (even marginal borrowers) against shady lending practices and this would apply to loans made by all types of lenders including banks and brokers.

 

Remember that the Fed has regulatory powers over the nation’s financial system (though they never seemed to care until this recent sub-prime crisis).  The plan will hopefully be finalized in the first part of 2008, with no “effective date” known at this time.

 

Here are some things the Fed is considering:

1) Preventing lenders from penalizing subprime borrowers (those with spotty credit or low income) who pay their loans off early.

2) Forcing lenders to make sure that borrowers (especially subprime borrowers) set aside money to pay taxes and insurance.  These are called impound accounts.

3) Restricting loans that do not require the borrower to prove income.

4) Improve financial disclosures so people better understand the terms and conditions of their mortgages.

 

The Fed and Ben Bernanke seem intent on preventing fraud and abusive lending practices now that the entire economy runs a risk of being severely impacted as a result of the subprime meltdown and record numbers of foreclosures.  Can you say recession?

 

Lenders can’t be happy with no pre-payment penalty because they give those attractive initial rates initially with the hope of making the real money as the loan matures…that reward would be eliminated by this Fed plan.  The Mortgage Bankers Association has some problems with mandating impound accounts.  Is the reason because mortgage bankers have been quoting monthly payments to the borrower for just the principal and interest?  Mortgage lenders would like the right to make loans to self employed borrowers who cannot easily document their income, and would like to charge more for these loans.  How nice!  Let’s penalize the self-employed worker who represents a major portion of this economy!

 

You can bet that our politicians are looking at the Fed plan. The House has passed legislation that is very similar and would put into law some of the very things that the Fed is considering.  A similar bill is pending in the Senate.

 

Will the Fed be first?  Can they beat the legislative system to the punch?

 

Tougher rules and appropriate understandable disclosures were long overdue…where were you guys?

 

We’d love your feedback on this topic…please drop us an email when you have a moment.

 

Thank you for making me Your Orange County Real Estate Connection.

Best regards.

Michael Caruso, Broker ABR ABRM CRB CRS GRI

2007 President, Orange County Association of Realtors

 

 

Orange County~South


dana-point-harbor-view-photoALISO VIEJO

Tickets are still available for Aliso Nighel High’s Grad night for $125.  Prices increase after December 19th.  For more information,plase visit anhspta.com

 

COTO DE CAZA & THE CANYONS

The Sanata Ana Mountains Natural History Associates are seeking items to be donated for the clean up and re-opening of the Maple Springs Visitor in Silverado Canyon.  For more information, please email Daryl Walezak@ samnhamail@yahoo.com

 

DANA POINT

Nothing to report.

 

LADERA RANCH

Nothing to report.

 

LAGUNA BEACH

Thursday at 7pm, the youngest survivor of the factory featured in “Schindler’s List” will speak at the Surf and Sand Resort.  For ticket information, please call 949-499-0770.

 

LAGUNA HILLS

Nothing to report.

 

LAGUNA NIGUEL

On December 21st at 3:30pm, the Grand Menorah Lighting celebrating Chanukah will take place at Crown Valley Park’s amphitheater.  For more information, please visit chabadlagunaniguel.com

 

LAGUNA WOODS

Monday at 7pm, Geneva Presbyterian Church will be hosting a Handel’s Messiah sing-a-long.  For more information, please email jonstev@fea.net

 

LAKE FOREST

Nothing to report.

 

MISSION VIEJO

Nothing to report.

 

RANCHO SANTA MARGARITA

Nothing to report.

 

SAN CLEMENTE

At the city’s January 6th meeting, the City Council will consider amending the code sections that relate to on-street parking of commercial vehicles only.  Public input is welcome beforehand. To relay your input, please contact 949-361-8200.

 

SAN JUAN CAPISTRANO

Nothing to report.

 

For more information, please visit ocregister.com

Orange County~Central


huntington-beach-pier-at-sunsetCOSTA MESA

Nothing to report.

 

FOUNTAIN VALLEY

Thursday, the city’s fire department and Los Caballeros Racquet & Sports Club will hold a Holiday Open House from 4:30-7:30pm.  The location is 17272 Newhope Street.

 

HUNTINGTON BEACH

Nothing to report.

 

IRVINE

Nothing to report.

 

LOS ALAMITOS

Winter swim classes will be held for children ages six months through fifteen years. The City’s Recreation department will be accepting registration for the classes until January 2nd.  For more information, please call 562-430-1073.

 

NEWPORT BEACH

The City of Newport Beach welcomes Santa Ana resident David R. Hunt as the city’s new attorney.

 

ORANGE

Nothing to report.

 

SANTA ANA

Nothing to report.

 

SEAL BEACH

From 10am-2pm today, El Salvador Park will be holding an event celebrating the re-opening of the park’s newly opened basketball courts. The park is locatd at 1825 W. Civic Center Drive.

 

TUSTIN

Nothing to report.

 

 

VILLA PARK

Ticketas are still available for a golf tournament benefiting the Villa Park High School Baseball team, which will be held on January 12th at the Alta Vista Country Club.  For registration information, please call 714-974-6074.

 

For more information visit ocregister.com

Orange County~North


disneyland-nightANAHEIM

Nothing to report.

 

BREA

The city’s Emergency Council is holding its annual food drive which donates to more than 1,000 Brea residents. For more information, please call 714-990-7150.

 

BUENA PARK

Congratulations to Fred Smith who joins the City Council as well as Don McCay who will serve as Mayor.  Art Brown will be serving on the Mayor Pro Team next year.

 

CYPRESS

Visit the city’s website www.ci.cypress.ca.us to view the Holiday Decoration Winners.  All decorations will be on display through December 26th.

 

FULLERTON

Nothing to report.

 

GARDEN GROVE

Nothing to report.

 

LA HABRA

Nothing to report.

 

LA PALMA

Nothing to report.