Archive for October, 2008
Senator Feinstein Expresses Support for More Robust Federal Efforts to Prevent Home Foreclosures
October 31, 2008 Posted by California RealEstateRama
Feinstein letter urges FDIC and Treasury to expedite mortgage relief, use economic rescue funds to assist struggling homeowners
Washington, DC - October 31, 2008 - (RealEstateRama) — U.S. Senator Dianne Feinstein (D-Calif.) today expressed strong support for efforts by Federal Deposit Insurance Corporation (FDIC) Chairman Sheila C. Bair to prevent home foreclosures by expanding federal loan […]
Boxer Calls for Major Infrastructure Investment to Create Jobs, Boost Economic Recovery
October 30, 2008 Posted by California RealEstateRama
San Francisco, CA - October 30, 2008 - (RealEstateRama) — U.S. Senator Barbara Boxer (D-CA), Chairman of the Senate Committee on Environment and Public Works, held a press conference today to call for major investments in America’s infrastructure to create jobs and restore the economy. Prepared text of her remarks follows.
Gov. Schwarzenegger Highlights Subprime Mortgage Agreement’s Progress in Preventing Foreclosures
October 30, 2008 Posted by California RealEstateRama
October 30, 2008 - (RealEstateRama) — Governor Arnold Schwarzenegger today issued the following statement regarding the third quarter of 2008 mortgage servicer survey results. The latest data, released by the Department of Corporations who tracks and reports loan modification statistics, shows continued success for the Governor’s Subprime Mortgage Agreement from November 2007 to the present […]
Foreclosure Activity Decreases 12 Percent in September According to RealtyTrac(R) U.S. Foreclosure Market Report
October 24, 2008 Posted by California RealEstateRama
Third Quarter Activity Up 3 Percent From Q2 2008, Up 71 Percent From Q3 2007 New State Laws In California, Other States Impact Numbers
IRVINE, Calif., Oct. 23 /PRNewswire/ — RealtyTrac(R)
(http://www.realtytrac.com), the leading online marketplace for foreclosure properties, today released its U.S. Foreclosure Market Report(TM) for September 2008 and Q3 2008.
Snowe, Feinstein Tax Credit to Improve Energy Efficiency, Save Money and Reduce Pollution
October 20, 2008 Posted by California RealEstateRama
WASHINGTON D.C. - October 20, 2008 - (RealEstateRama) — The Natural Resources Defense Council released a report last week applauding the Congressional passage of significant tax credit provisions introduced by U.S. Senators Olympia J. Snowe (R-Maine) and Dianne Feinstein (D-Calif.) within the Emergency Economic Stabilization Act of 2008 that will encourage energy efficient technology and […]
Landlord pays for failing to disclose lead-based paint at Sacramento rental properties Property owner facing penalties from U.S. EPA
October 8, 2008 Posted by California RealEstateRama
SAN FRANCISCO, CA - October 08, 2008 - (RealEstateRama) — The U.S. Environmental Protection Agency has fined a San Francisco-based property owner $25,410 for alleged violations of federal lead-based paint disclosure requirements at eight rental properties in Sacramento, California.
California New Home Market Close to the Bottom, CBIA Announces
October 7, 2008 Posted by California RealEstateRama
While the pace of sales at California new-home communities continued to remain slow in March, year-over-year sales declines are steadily shrinking, adding to mounting evidence that the bottom of the current housing cycle is near, the California Building Industry Association reported today.
Attorney General Brown Announces Landmark $8.68 Billion Settlement with Countrywide
October 6, 2008 Posted by California RealEstateRama
October 06, 2008 - (RealEstateRama) — Attorney General Edmund G. Brown Jr. today announced a landmark, multi-state settlement with Countrywide Home Loans, Countrywide Financial Corporation and Full Spectrum Lending that is expected to provide up to $8.68 billion of home loan and foreclosure relief nationally, including $3.5 billion to California borrowers.