Mortgage
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.
Legislature passes mortgage reform bill
August 28, 2008 Posted by California RealEstateRama
Oakland, CA - August 28, 2008 - (RealEstateRama) — AB 1830, the California legislature’s strongest piece of legislation designed to rein in the abuses in the mortgage market, passed the Senate today with a 21-16 vote. It must go back to the Assembly for concurrence before being sent to the governor.
Mortgage Counseling Agencies to Receive Aid, Hire More Counselors
April 21, 2008 Posted by California RealEstateRama
Mortgage counseling agencies will receive $5 million to hire more counselors over the next two years, and help the half a million California homeowners facing interest rate resets and the threat of foreclosure.
Senator Feinstein and Mayor Villaraigosa Urge Swift Passage of Legislation to Create National Standards for America’s Mortgage Brokers and Lenders
April 2, 2008 Posted by California RealEstateRama
Los Angeles – U.S. Senator Dianne Feinstein (D-Calif.) and Los Angeles Mayor Antonio Villaraigosa today called for Congress to pass legislation to create national licensing and oversight standards for mortgage brokers and lenders. Mayor Villaraigosa also announced his endorsement of the legislation – the SAFE Mortgage Licensing Act — introduced by Senators Feinstein and Mel […]
Economic Stimulus’ Biggest Real Estate Winners
March 13, 2008 Posted by California RealEstateRama
There’s some good news on the horizon for homeowners in cities like San Diego, Washington D.C. and Sacramento, Calif., where the real estate boom and bust has left those markets reeling from the effects of overbuilding, bad loans and foreclosures.
Tens of Thousands of Californians Could Benefit from Higher Government-Insured Mortgage Limits
March 12, 2008 Posted by California RealEstateRama
Congress must finish the job on FHA modernization bill so more families can keep their homes
Temporary loan limits part of Economic Stimulus Package
San Francisco - Tens of thousands of California families could benefit from affordable government-insured mortgages under a plan to be announced shortly that will temporarily increase home loan limits, U.S. Department of Housing […]
91 Community Groups Ask BofA to Halt Foreclosures of Countrywide Mortgages and Develop Plan to Address Victims of Countrywide’s Unscrupulous Lending
March 6, 2008 Posted by California RealEstateRama
Countrywide Financial’s shoddy lending practices have left hundreds of thousands of mortgage borrowers at risk of losing the single most important asset in their lives – their homes. If Bank of America acquires Countrywide, these mortgage borrowers could either benefit or suffer greatly from the merger.
Fraud Exceeds $4 Billion in 2007
February 22, 2008 Posted by California RealEstateRama
DALLAS — (Feb. 4, 2008) Mortgage fraud activity jumped past $4.0 billion last year — with California and Ohio leading the way, according to the FraudBlogger Index published and maintained by http://www.MortgageDaily.com.
NAR Welcomes California Governor’s Support for Increasing Mortgage Loan Limits; Adds to Growing Sentiment
January 25, 2008 Posted by California RealEstateRama
WASHINGTON, January 24, 2008 - The following is a statement by National Association of Realtors® President Richard F. Gaylord and Chief Executive Officer Dale Stinton:
First American CoreLogic Releases November 2007 LoanPerformance House Price Index
January 24, 2008 Posted by California RealEstateRama
California, Nevada, Arizona, and Florida Continue Decline, While Thirty-One States Show Positive Growth in Past Year
SAN FRANCISCO, Jan. 24, 2008–First American CoreLogic, a member of The First American Corporation (NYSE:FAF) family of companies and a leader in residential mortgage data and analytics for the mortgage industry and Wall Street, today announced the release of its […]