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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On TV today I’m telling the story of the city of West Palm Beach’s effort to save troubled borrowers. They’ve pulled together about a million dollars from a fund that was supposed to be for affordable housing as well as some HUD money, and opened a foreclosure assistance center right downtown.
While some of you may wonder why a home builder would even want to hammer a nail these days, they do still need to stay in business, and their business is to build. That said, there is new concern from builders today that the credit crunch on Wall Street is hitting small builders where they live, or at least where they want you to live.
An interesting tidbit from this month's RealtyTrac foreclosure report. The online service provides data on default notices, auction notices and bank reposessions, as well as lists foreclosed properties for a fee.
Update: Oops..seems this isn't real after all. The email that got sent around has been exposed as a fraud according to an article in the New York Daily News. This house is in Toronto and NOT for sale.
Let me not to the marriage of true minds admit impediments, I always say (ok, you know I didn't say it), but this one boggles the mind. As House Financial Services Committee Chairman Barney Frank was launching unveiled threats to lenders today that they'd better write down the value of troubled loans or face stiff regulation in the future...
I realize you’re all going to get on my case again for saying something nice about a home builder, but here’s the thing: After reporting the obscene amount of money a certain CEO of a certain mega-mortgage company raked in last year (Mozilo of Countrywide), I simply have to give a shout-out to Lennar for their no-performance, no-pay policy.
Not since the defenestration of Prague has anyone landed in a bigger pile of doo-doo than I did last week, when I defended a tax break for the nation’s home builders. The Senate finished up its version of a bill to save troubled homeowners, and it included a provision that would allow home builders to carry losses back several years to profitable years.
The Mortgage Bankers didn't like my post today, even though I cited the Washington Post as my source. They claim the Post story was not right. I'm not taking sides, I just want all the sides to have their say, so here's the MBA: