The Wall Street Journal is reporting that defaults on so called 'Option ARM' mortgages are rising fast.

As of December, 28% of option ARMs were delinquent or in foreclosure, according to LPS Applied Analytics, a data firm that analyzes mortgage performance.

Nearly 61% of option ARMs originated in 2007 will eventually default, according to a recent analysis by Goldman Sachs

This is sobering news and indicates the bad news from the housing market is far from over.

Is the next shoe ready to drop in the Housing market?

According to our slideshow, Prostitution Scandals of the Rich & Famous, who revealed Sen. David Vitter's illicit secret?

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In our slideshow, "Notable Sex Scandals," which disgraced figure is wearing a red pattern necktie?

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Which scandal-tinged investor allegedly attempted to fake his suicide?

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On our Web site's Credit Spreads page (hint: find it via the Market Buzz box), what is the first type of data shown?

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In Maria Bartiromo's Jan. 20 video "Market Message," which of these topics did she mention first?

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Final CNBC Bonus Bucks Trivia Answers for Tuesday January 20

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What is the name of CNBC contributor Janice Dorn's own business site?

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What did "Dow 12,000" trader Ben Lichtenstein call a "major speed bump" on Friday?

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Final CNBC Bonus Bucks Trivia Answers for Friday Jan 16

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EF Hutton: In Cliff Mason's blog post about legalizing narcotics, which economist does he refer to?

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Question: In Cliff Mason's blog post about legalizing narcotics, which economist does he refer to?
Answer: Milton Friedman

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What stock(s) did Fast Money trader Joe Terranova recommend Thursday to play a gasoline price bottom?

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In Allen Wastler's blog post, "Time to Start a Fugitive Watch?", which infamous 1970s criminal does he refer to?

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Which alleged "hedge fund swindler" was "barred from contact" with his girlfriend on Wednesday?

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CNBC Europe's Silvia Wadhwa has written for which German business news organization?

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Question: In a Jan. 13 interview, Putnam Investments CEO Robert Reynolds said which new fund gives an "equity-type return"?

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In our "Top 10 Halloween Costumes 2008" slideshow, what exaggerated medical implement is the "Adult Nurse" holding?

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Google’s Footprint: The Environmental Impact of Internet Searches

clipped from blogs.wsj.com Forget the economic meltdown, rising unemployment, and trillion-dollar deficits. The burning question of the day is: Are your Google searches killing the planet? To recap: The Times of London reported on Sunday research purportedly showing that Internet searches, by flitting from desktops to servers around the world, have a significant environmental impact—7 grams of carbon-dioxide emissions, to be exact. Or, to use the British standard for energy consumption, about half as much as comes from boiling a “kettle of tea.” Multiply that by Google’s five billion searches a day, and the green-talking Internet darling started to look like an environmental villain. Except that the numbers in the study were widely inflated, Google contends. It says a Google search produces about 0.2 grams of carbon dioxide. Tech outlets and the blogosphere have been buzzing with claims and counter-claims about Google’s true environmental footprint.

When "Squawk Box" co-anchor Becky Quick was an undergrad, what newspaper did she lead?

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On our Web site's Green page, what section will you find located on the upper-most lefthand corner?

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In the Jan. 9 edition of Mad Mail, why does Jim Cramer tell "Suzette" he likes Molson-Coors Brewing?

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On Jan. 9, stock picker Michael Yoshikami did NOT recommend a dividend-play company in this sector:

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What phrase did Clem Chambers use in his prediction of Dow 11,000 on an "Obama Bounce"?

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On Thursday, Jeffrey Saut of Raymond James said which companies are players in the water sector?

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In our slideshow, 25 Years of Tech Blunders, what "old economy" product is compared to the modern ones?

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In our article, "Early Warnings Signaling An Ugly Earnings Season", who warned of further layoffs ahead?

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According to our Warren Buffett Watch blog, which cartoonist said he doesn't trust the Berkshire Hathaway chief?

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EF Hutton: On Tuesday, Gazprom's Alexander Medvedev accused whom of cutting off Russian gas to Europe?

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2009 Strategist S&P 500 Price Targets

The average 2009 year-end S&P 500 is 1,056, or 16.9% above the S&P's year-end price of 903.25.

clipped from www.bloomberg.com Firm Strategist Target %Change Barclays Plc Barry Knapp 874 -3.2% Citigroup Inc. Tobias Levkovich 1,000 11% Credit Suisse Andrew Garthwaite 1,050 16% Deutsche Bank Binky Chadha 1,140 26% Goldman Sachs David Kostin 1,100 22% HSBC Holdings Kevin Gardiner 1,000 11% JPMorgan Chase Thomas Lee 1,100 22% Merrill Lynch Richard Bernstein 975 7.9% Morgan Stanley Abhijit Chakrabortti 975 7.9% Strategas Research Jason Trennert 1,100 22% UBS AG David Bianco 1,300 44% clipped from bespokeinvest.typepad.com "Official" 2009 Strategist S&P 500 Price Targets

According to Prudential Douglas Elliman's Dottie Herman, what likely sparked a 3.6% drop in Manhattan apartment prices?

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According to the CNBC Stock Blog, which housing stock did strategist Ivy Zelman pan on Tuesday?

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EF Hutton: In his Millennial Money blog post called "War On Climate Change Over..." what was Cliff Mason's apocalyptic message?

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Which investment firm said Monday that it was unwinding its $1 billion Tempo Master fund?

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Web video hunt: On Dec. 23, which strategist told CNBC that Russia would be a "A Bigger Energy Player in 2009"?

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Squawk on the Street In his CNBC interview, Pimco's co-CEO Mohamed El-Erian recommended which investment(s)?

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EF Hutton: In Jon Najarian's Monday Stock Blog post, which natgas company did he say options traders were targeting?

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Twitter Off to a Rough 2009

I caught this over on Digits.
If you are a twitter user you might want t check this out.

clipped from blogs.wsj.com You might be familiar with phishing attacks, those messages sent by criminals that look like they’re from a bank or Nigerian prince. But what about Twishing? The term may enter the tech lexicon this week, thanks to an attack targeting the Web site Twitter, which runs a popular service that lets people share short updates about what they’re doing. (Blame Brian Krebs of the Washington Post if it sticks.) Over the weekend, cyber baddies sent phishing messages via Twitter’s service to other account holders. The message directed people to a Web site that looked like Twitter’s home page, but was really operated by the bad buys. As people logged in to the fake Twitter site, the bad guys captured their user names and passwords. Twitter warned account holders Saturday about the scam in a post on its blog, and advised those concerned to change their passwords.

Slideshow hunt: According to our Wealth in America survey, who had planned to spend the most on holiday shopping?

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Question: Slideshow hunt: According to our Wealth in America survey, who had planned to spend the most on holiday shopping?

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Video hunt: In a Jan. 1 interview about commodities, what did Michael Yoshikami cite as a sign of industrial slowdown?

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According to our By The Numbers blog, which of the 2009 Dogs of the Dow has the lowest dividend yield?

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According to our Warren Buffett Watch, where did Berkshire Hathaway's Class A shares end 2008?

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In a "Fast Money" interview on Dec. 31, how does CEO Howard Levine describe his family business?

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Why did Jon Najarian say NetApps was the focus of "intense options action" on Wednesday?

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In our "Famous Last Words" slideshow, what is Chris Dodd referring to?

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Happy New Year

Happy New Year

Wishing each and everyone of you a wonderful new year.