Orange County Register

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Wonder why bankers are cranky — or seeking bailouts or going out of business?

Here’s what the Big Orange Index — a collection of three dozen markers of the local economy by me, Register columnist Jon Lansner — has to say about how locals are baying their bills. The Big O’s banker index this autumn tumbled to a worst-ever low not seen in its two decades of data …

Worst pay rate in Big O’s two decades of data. This could be a low point — temporarily — as government actions to slow foreclosures may stem the tide. Recent uptick in property taxes a good sign.

The Big O banker index — tracking everything from foreclosures to bankruptcy to unemployment — is one of six niche indexes that comprise the overall Big O. That big index fell for the 7th consecutive quarter this autumn …

Need more convincing? See the chart! That’s 20 years of the Big O banker index. Not pretty!

… and CLICK HERE to read my full Big Orange analysis!

And in other news…

• 8 million foreclosures seen through 2012
• When banks fail
• Retirement savings jeopardized, say former bank managers
• Speedy mortgage payoffs could cost you
• 30-year mortgage at 37-year low
• CA banks drop protection against bad loans
• Mortgage aid scheme a failure
• Bad house, car debts mount in O.C.
• 44% of O.C. home resales were foreclosures
• O.C. home seizures in free-fall
• The next mortgage crisis
• O.C. distressed-home listings take year’s biggest drop
• One way to tackle foreclosure eyesores

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