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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I’m enraged. Yep. ...Yesterday, Federal Reserve Chairman Ben Bernanke, in a speech to bankers in Orlando, Fla., said that the best way out of the foreclosure mess is not to modify all these delinquent loans but to actually reduce the principal. What?!
I have to say I’ve been confused over the last few months. Treasury officials, big lenders like Countrywide, and President Bush keep telling me that everybody is now working together to stop foreclosures, to modify loans, to keep Americans in their homes.
As you know, I was out sick all last week, so I have a lot of pent up "bloggage." This morning NY Attorney General Andrew Cuomo announced a deal with Fannie and Freddie and OFHEO to change the way the whole appraisal system works. No question, this is a good thing
On Saturday morning, when most of us where headed off to soccer or gymnastics or the hardware store, Fannie Mae and Freddie Mac were officially getting their portfolio caps lifted. Fabulous, right? Exactly what they’d been pushing for, as the government-inspired, if not actually backed, entities are seen as sort-of saviors of the mortgage market.
Today, the Realtors tried to argue that the housing market is “scratching the bottom,” or at least that’s what their chief economist Lawrence Yun said. Sorry Lawrence, as usual, I don’t buy it. Sure, sales were basically flat in January, down just 0.4 percent from December (although down 23.4 percent from a year ago), but far more telling of the market is the price...
There’s something called remorse. Maybe you’ve heard of it. Clearly Countrywide Financial spacer is not in touch with that emotion right now. While many Americans are struggling to pay mortgages they never should have been offered or are staring down the face of foreclosure...
I got a lot of responses to my previous post about re-listing homes. Here's a sample: From Blair D: "I think re-listing can hurt the seller as much as the buyer in this market. I know of people who are interested in buying a house but are sitting on the sidelines waiting to get the best deal...
There’s been a lot of talk in the blogosphere lately about the phenomenon of “re-listing”, and so it behooves me to weigh in. “Re-listing” is when an agent takes a property that’s been sitting on the market a bit longer than one might like and removes it from the market, only to “re-list” it days or even minutes later as a “fresh” listing.