Diana Olick is an Emmy Award-winning journalist, currently serving as CNBC's real estate correspondent as well as the author of the Realty Check section on CNBC.com. She also contributes her real estate expertise to NBC's "Today" and "NBC Nightly News with Brian Williams."
Prior to joining CNBC in 2002, Olick spent seven years as a correspondent for CBS News.
Olick began her career as a local news reporter at WABI-TV in Bangor, Maine; WZZM-TV in Grand Rapids, Mich.; and KIRO-TV in Seattle. She joined CBS in 1994 as a New York-based correspondent for the "CBS Evening News with Dan Rather" and "The Early Show." She also contributed pieces to "48 Hours" and "Sunday Morning." During that time, she covered such stories as the World Trade Center conspiracy trial and the Boston abortion clinic shooting.
In 1995, Olick was assigned to cover the Midwest as a Dallas bureau correspondent. In the three years she was there, she covered all forms of natural disaster, including the crash of TWA Flight 800, the JonBenet Ramsey murder mystery and was the exclusive correspondent for the trial of Oklahoma City bomber Terry Nichols. During that time, she also took a temporary assignment in CBS' Moscow bureau, where she chronicled the brief presidential campaign of Mikhail Gorbachev.
In 1998, Olick was reassigned to the New York bureau and then immediately posted to Bahrain for the buildup to a possible second Gulf War. A year later, she went to Albania to cover the U.S. military buildup during the conflict in Kosovo.
Upon her return, Olick was reassigned to CBS' Washington bureau and the Capitol Hill beat. During Campaign 2000, Olick covered the Senate campaign of First Lady Hillary Rodham Clinton and later joined the Bush campaign as a special correspondent for "The Early Show." That fall, she was named Supreme Court correspondent; her first case was Bush v. Gore.
Olick has a B.A. in comparative literature with a minor in soviet studies from Columbia College in New York and a master's degree in journalism from Northwestern's Medill School of Journalism.
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Sometimes when you look inside the numbers, you find something interesting. In a recent report I noticed the number of bank repossessions was rising faster than overall foreclosure filings.
As the home builders en masse continue to beg for a home buying stimulus from Congress that includes a government-subsidized mortgage rate buy-down, luxury home builder Toll Brothers is getting ahead of the game.
The companies claim they will, for a fee (which seems to be around $3000), get you through the red tape of lender/servicer modification programs and get you to a rate or payment that you can afford. Some are quite reputable, while others are total scams.
I've been standing on Constitution Avenue since about 4AM, thinking about what our new President will do for America's battered housing market once he moves into HIS new house. As I waded into the crowd, my first question to each reveler I stopped was: "What should President Obama do first?"
Given how things went on the Floor of the House yesterday (not so well for Chairman Barney Frank and his bill to put specific conditions on the remaining TARP money), it is still uncertain what exactly the remaining $350 billion of TARP funds will do to turn the housing market around.
A Feng Shui expert sent me the following tips for FS-ing the White House. Seems the President-elect is an East Life person, given his birth in 1961, a year ending in 1 and as an East Life person the directions that would be most harmonious and supporting for him are the south, southeast, east and north. Plus more FS Ideas.
I want to float an interesting mortgage rescue idea from the National Community Reinvestment Coalition. The group’s president and CEO, John Taylor, will advocate it before the House Financial Services Committee this afternoon.
As the countdown to the Obama administration falls into single digit days, the rhetoric over how to reverse the housing crisis is heating up, and much of the chatter is focusing on bankruptcy and “walkaways”. All of this leads me to ask the question, which is worse to your financial future: personal bankruptcy or foreclosure?
A while back I debated the pros and cons of a proposal to allow bankruptcy judges to modify troubled loans. The President-elect included it as one of the four tenets of his housing plan during the campaign, so one can only surmise that it’s still high on his list.