California State Government and Public Real Estate News

LOS ANGELES, CA – September 27, 2012 – (RealEstateRama) — Attorney General Edmund G. Brown Jr. today directed Ally Financial, Inc., formerly known as GMAC, to prove immediately that it is complying with state law or, if it cannot, to cease and desist from foreclosing on California homes. CommunityBank- home lender in California and ALLRMC.COM more »

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LOS ANGELES – November 25, 2014 – (RealEstateRama) — An audience of nearly 300 real estate executives and practitioners, industry stakeholders, economists, and policymakers gathered this month in Los Angeles for the inaugural Real Estate Summit: Partnering for Change in California, which featured a keynote speech from U.S. Secretary of Housing and Urban Development Julián Castro. Convened by the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.), Secretary Castro, along with other industry thought leaders, exchanged ideas and solutions about housing affordability, California’s infrastructure, consumer trends, and foreign investment challenges. more »

LOS ANGELES – November 25, 2014 – (RealEstateRama) — The CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) today issued the following statement in response to the Federal Housing Finance Agency’s (FHFA) announcement to keep the 2015 maximum conforming loan limits for mortgages acquired by Fannie Mae and Freddie Mac at $417,000 on one-unit properties in most areas and a cap of $625,500 in high-cost areas. Loan limits were increased in Monterey, Napa, San Diego, and Ventura counties: more »

WASHINGTON, D.C. – November 24, 2014 – (RealEstateRama) — Two Northern California real estate investors have agreed to plead guilty for their role in conspiracies to rig bids and commit mail fraud at public real estate foreclosure auctions in Northern California, the Department of Justice announced. more »

Bay Area continues to experience low inventory and strong price and sales growth

LOS ANGELES – November 19, 2014 – (RealEstateRama) — The lowest mortgage rates in 18 months failed to spark the California housing market in October as sales stayed flat and home prices increased at the slowest pace since early 2012, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) said today. more »

LOS ANGELES – November 6, 2014 – (RealEstateRama) — U.S. Department of Housing and Urban Development Secretary Julián Castro will be the keynote speaker for “The Real Estate Summit: Partnering for Change in California,” a day-long conference hosted by the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) and its partners from California’s top university-based real estate research centers. Held, Friday, Nov. 14, in Los Angeles, the invitation-only summit will examine the state’s biggest economic and real estate challenges, including infrastructure, foreign investment, consumer trends, housing finance, affordability, and the business environment. more »

LOS ANGELES – October 30, 2014 – (RealEstateRama) — California pending home sales rose higher in September to post the first increase in six months, reversing the sales drop usually observed between August and September. Meanwhile, equity home sales made up nine in 10 home sales for the fourth straight month, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) said today. more »

BETTER MEASUREMENTS NEEDED FOR HOME LOANS, MORTGAGE MODIFICATIONS, MULTI-FAMILY AFFORDABLE HOUSING, HELOCS FOR SMALL BUSINESS AND “ASIAN” CATEGORY

San Francisco CA – October 28, 2014 – (RealEstateRama) — Today, 41 California organizations join with the California Reinvestment Coalition (CRC) in calling on the Consumer Financial Protection Bureau (CFPB) to strengthen the Home Mortgage Disclosure Act (HMDA) through greater transparency. more »

LOS ANGELES – October 23, 2014 – (RealEstateRama) — California home sales remained steady in September, as home price gains eased back from an unusually high increase in August, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) said today. more »

THOUSANDS OF FORECLOSURES HAVE DESTABALIZED CALIFORNIA COMMUNITIES

San Francisco – October 17, 2014 – (RealEstateRama) — As part of a five-day awareness campaign about the potential impacts of a new, Too Big To Fail bank merger, a nonprofit bank advocacy coalition raised questions today about OneWest’s track record of helping (or not helping) distressed homeowners. more »

BANK MERGER BREAKS NEW GROUND IN CORPORATE WELFARE

San Francisco – October 17, 2014 – (RealEstateRama) — As part of a five-day public awareness campaign, activists in California are asking bank regulators questions about possible impacts of a Too Big To Fail Bank merger that would combine CIT Group and OneWest Bank. more »

SACRAMENTO, – October 15, 2014 – (RealEstateRama) — The California Housing Finance Agency announced today that it will begin providing an additional $6,500 in down payment assistance through its CalPLUS Conventional program. The change is part of the Agency’s ongoing efforts to make home purchasing more accessible for first-time homebuyers. more »

WASHINGTON, D.C. – September 18, 2014 – (RealEstateRama) — Today, Congressman Jerry McNerney (CA-09) introduced the Fast Help For Homeowners Act, to help speed up the short sale process and aid homeowners who may otherwise be facing foreclosure. more »

LOS ANGELES – September 18, 2014 – (RealEstateRama) — California home sales pulled back in August, reversing two months of increases, as the median home price rose from the previous month and year, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) said today. more »

WASHINGTON, D.C. – September 17, 2014 – (RealEstateRama) — Congressman Scott Peters (CA-52) continued his effort to convince Speaker John Boehner that the House of Representatives should not adjourn at the end of this week, as has been widely reported. Today, Rep. Peters called for the passage of H.R. 1975, the “Pregnant Workers Fairness Act,” which ensures that pregnant women are not forced out of their jobs or denied reasonable accommodations that would allow them to keep working and supporting their families. more »

WASHINGTON, D.C. – September 17, 2014 – (RealEstateRama) –More than $2.3 million in flood damage can be attributed to about 50 homes within Los Angeles County unincorporated areas, according to recent findings by LA County Public Works engineers. more »

 
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