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You'll -- very intelligent former radio known program that we are Boston news talk station KM succeeding WR. Okay well comeback kid is. Thomas Todd here from the RKO studio a bright -- taking up.

Calls at 617266. 68 and that was enough just to -- kind of -- bomber guy it is and you know hopefully we can connect with -- that's disappointing because -- on the Nobel prize for Obama would have been great I had done I had a dozen questions from 18 -- I apologize up resembling I haven't watched him enough to be prepared imitate -- the hot hot hot -- he would have otherwise been an -- I have seen him with a blackboard and -- well speaking of limitations -- this guy is with out here and I'm talking about the Boston Globe Steve -- because -- laid -- there. How how -- gonna back -- ha. Have growth going back on -- sirens steady is better anyway that's exactly right and every day at this time we do the Boston business report what the Boston Globe Steve's site at today's edition is being brought to you by the Boston Symphony Orchestra -- stadium brought -- a beautiful -- a little Saigon audio and I wish for -- associated with the -- so somehow aren't always right in the world. -- are you doing a call among the Nobel Peace Prize and yeah. And -- guys I -- exactly right that's the spirit pay you very worries -- story in the globe today about title problems on foreclosed properties you've been giving us the education on foreclosures. This does not sound as of its gonna be helpful to anyone -- is Steve what's going on.

Welcome Lou there's we're hoping that in the next. Sometimes so perhaps as soon as early as today. That does part of this there shall be resolved it goes back to a double land court has mastered the playing court decision in March which. As all kind of foreclosures were being processed. -- the judges they're cute blonde was saying. If -- to wait a minute you know is. Financial owners of these securities that ultimately own the mortgages. They're going through the foreclosure process all time and don't actually have the pro that they all these mortgages and today that there are things getting process they say yes wolf post. The -- later on in that you can't do that and you know we're gonna slow this thing down and what you have to approach that you actually own a mortgage to a halt before it. You foreclose on it and it has had to look facts that are pretty dramatic on the whole process one it. Thousands perhaps of mortgages had been foreclosed and most of those properties real -- subsequently. Through this process which now the ownership of those properties. Is any doubt because the whole foreclosure process that proceeded it is in doubt. And so that's yet. If you -- one of those homes now. Do you really own it -- that's so real issue for eight nobody really knows certainly hundreds probably thousands of homeowners in this state. And that's one issue the second thing is that you know -- the whole foreclosure process in the states. Come to a screeching halt what it radically changed and when you look at we talked almost every month about what the latest. Foreclosure. Number in the state what does that say about real estate. In Massachusetts and it's I think substantially. Depressed these sort of month the month. Deal with this and I think -- it has a -- effect on what we think about real estate investors.

All right so what happens next.

Well I'll bet well what people are mostly hoping for is that the judge oh come out today or sometime soon and say okay well these people cool. Has gone through the process previously prior to the march ruling where their ownership and the process had been thrown into doubt. There are okay they -- their homes that process was. Okay. -- going forward. That. Anybody who owns the mortgage in this. Processing of foreclosure. Is it going to have to do. More in a more established way in the conventional way proved that they own the mortgage and I think. Everybody all agreed that okay -- these -- that are out there that are in limbo. Or resolve that issue because frankly how are you going to resolve that.

You got a mess on your hands those Stevie if the judge does not come up with the clarification you talked about and people are still sitting there with properties they thought they -- Was a report clouds on the title and a multi month and very expensive road ahead of them with title insurance companies go ballistic DN a massive you can get this cleared up. Your -- show that idea Arafat therapies for -- not hot.

I'd -- already can favorite excuse.

Big goes desire always a pleasure today's Boston business report what the globe Steve Sayyaf has been brought to you by the Boston Symphony Orchestra keynote Steve is to make sure you don't do anything to learned in the meantime and ruin your chances -- talking -- 2666868. -- WRKO Tom -- here.

Good morning good morning good morning bill let's not I don't look at the president's point of view for a moment I mean what you expect one more thing lot of those guys back. All Barack quiet trying to straighten out the US economy is gonna talk -- mideast stay do you have pocket he spent time it's just -- disaster but am --

I I think you're right that's why Thomas suggesting that he should. Now -- the award to the the ultimate political move for the ultimate political guy Barack Obama stand up midmorning today press conference down -- DC. Refuse it. --

Not refuse additional. It -- some work while.

he's already city's been humbled by it in effect could actually happen. That would be a miracle unto itself and would already proved. The Nobel committee ever having great inside you've been prompting us and I can't get beyond again the mother Theresa's about Luther king's the other notable winners George Marshal he is what I think the Nobel prize committee should have done. Go back retroactively share the prize you know what. Winston Churchill and Ronald Reagan. Doubt that's who should want in 2000 next year retroactive next year comin' down to the finish line it's gonna be neck and neck with Lance Armstrong Barack Obama. --

rear window of personality. Viability of followed by Lorain -- room. On Boston's talks vision may have a six AB WRKO. Boston.

Good morning -- the forecast cloudy with occasional showers today highs near 65 right now it's 51 degrees and cloudy in Boston -- percent of WR TO -- President Obama says he was humbled to receive that Nobel Peace Prize. This morning the Norwegian Nobel committee said Obama had given the world -- hope for a better future with his calls for reducing nuclear stockpiles. The prize is worth about one point four million dollars. House Democrats are weighing the possibility of a windfall profits tax on health insurance companies -- as a way to help pay for health care reform. House Speaker Nancy Pelosi called it very preliminary she also insists the votes exist in the house for a pro.