CNNMoney.com
Companies Economy International Corrections Pre-market Trading After-hours Trading Winners/Losers/Actives Bonds Currencies Commodities World Markets Money Magazine Real Estate Taxes Jobs Ask the Expert Money 101 Autos Mutual Funds The Help Desk Loan Center Best Places to Live Ask the Expert Ultimate Guide to Retirement Retirement Calculators Best Funds Best Places to Retire Fortune Brainstorm Tech Apple 2.0 Blog Big Tech Blog Sectors and Stocks Tech Talk Resource Guide Small Business Makeovers Questions & Answers Small Business Video 100 Best Places to Launch FSB 100 Fortune Small Business Fortune 500 Brainstorm Tech Investing Management C-Suite Rankings Main Create Portfolio Edit Portfolio Create Alerts Edit Alerts

TV's Ed McMahon in foreclosure

Johnny Carson's sidekick on "The Tonight Show" is in discussions with his lender to try to save his home in Beverly Hills, Calif.

EMAIL  |   PRINT  |   SHARE  |   RSS
 
google my aol my msn my yahoo! netvibes
Paste this link into your favorite RSS desktop reader
See all CNNMoney.com RSS FEEDS (close)

What's your key economic issue this election year?
  • Gas prices
  • Health care
  • Jobs
  • Housing

LOS ANGELES, California (CNN) -- The foreclosure problems sweeping the United States apparently have ensnared Ed McMahon, who is best known as Johnny Carson's sidekick on "The Tonight Show."

The Wall Street Journal reported Tuesday that McMahon was $644,000 in arrears on a $4.8 million loan for a home in Beverly Hills, California.

McMahon's spokesman, Howard Bragman, confirmed to CNN late Tuesday that McMahon is in discussions with his lender and hopes to find a resolution.

The newspaper reported that ReconTrust, a division of Countrywide Financial (CFC, Fortune 500), filed a notice of default related to a loan for McMahon's house in Los Angeles County Recorder's Court on Feb. 28. It said his house has been on the market for about two years.

Nationally, one of every 194 U.S. households received a foreclosure filing in the first three months of 2008, according to recent figures from RealtyTrac.

There were nearly 650,000 foreclosure filings -- which include notices of default, auction sales and bank repossessions -- issued during the first quarter of 2008. That's up 23% from the last quarter of 2007, and up a staggering 112% from the same period a year ago.

Foreclosures increased in 46 states and in 90 of the nation's 100 largest metro areas.

More than 156,000 families have lost their homes to bank repossessions this year. To top of page

Features
  • karolyne_sosa_film_producer.04.jpg
    Anne Giapapas has a job in one of the 15 most overworked and underpaid professions. More
  • heels.04.jpg
    These 5 businesses are offering their services -- from shoes to hair cuts -- to the unemployed. More
  • mark_zuckerberg__2007.04.jpg
    These rising stars, like Facebook's Mark Zuckerberg, have great jobs to fill. Here's what they're looking for. More
  • whitney_wise.04.jpg
    They graduated into the worst economy in decades. Here's how 11 grads are getting by. More
  • masoud_modarres.04.jpg
    For some, getting laid off ends up being the ultimate opportunity. More
  • james_murdoch.04.jpg
    Executives like News Corp. chairman James Murdoch raked it in. Where the other 19 rank. More
  • lincoln_ne.ju.04.jpg
    These 5 cities have the fastest-growing foreclosure rates. And they're not the usual suspects. More
Markets Last Change
Dow Jones 10,246.97 20.03 / 0.20%
Nasdaq 2,151.08 -2.98 / -0.14%
S&P 500 1,093.01 -0.07 / -0.01%
10-year Bond 101 6/32 Yield: 3.47%
U.S.Dollar 1 euro = $1.499 -0.001
November 10, 2009 4:04 PM ET
CompanyPrice% Change
Beazer Homes USA Inc 5.11 8.96%
Fluor Corp 44.27 -7.79%
YRC Worldwide Inc 1.10 -6.78%
ArvinMeritor Inc 9.23 6.22%
Nov 10 3:53pm ET †
Pieces of Madoff Many of Bernie Madoff's victims would like to have a piece of the felonious financier. Now they can. This week hundreds of his and Ruth's possessions go up for auction. More
Inside Donald Trump's private jet The real estate mogul's upgrading to a larger private jet, so his 1968 Boeing 727, estimated to cost between $4 million and $8 million, is on the market. More
Hope for homeowners Critics thought homeownership would never work in the South Bronx. They were wrong. Tour the one house currently for sale on Charlotte Street. More

Sponsors

© 2009 Cable News Network. A Time Warner Company. All Rights Reserved. Terms under which this service is provided to you. Privacy Policy
Copyright © 2009 BigCharts.com Inc. All rights reserved. Please see our Terms of Use.
MarketWatch, the MarketWatch logo, and BigCharts are registered trademarks of MarketWatch, Inc.
Intraday data provided by Interactive Data Real-Time Services and subject to the Terms of Use.
Intraday data is at least 20-minutes delayed. All times are ET.
Historical, current end-of-day data, and splits data provided by Interactive Data Pricing and Reference Data.
Fundamental data provided by Morningstar, Inc..
SEC Filings data provided by Edgar Online Inc..
Earnings data provided by FactSet CallStreet, LLC.