A federal jury convicted Thomas Joyce for his role in a conspiracy to rig bids at public real estate foreclosure auctions held in Contra Costa County, California, the Department of Justice announced today.
Earlier today, two nonprofit groups submitted a Freedom of Information Act (FOIA) request about reverse mortgage foreclosures conducted against seniors by Financial Freedom, a reverse mortgage servicer previously owned by Steven Mnuchin, who has been nominated for the United States Treasury Secretary position by President Elect Trump.
A 2013 memo written by attorneys in the Consumer Law Section from the California Attorney General’s office is raising new concerns about the track record of OneWest Bank, and the ethics of its former CEO, Steve Mnuchin, who has been nominated to be Treasury Secretary by President Elect Donald Trump. David Dayen first reported on the memo earlier today in an article in the Intercept.
Four Northern California Real Estate Investors Convicted of Rigging Bids at Public Foreclosure Auctions
A federal jury yesterday convicted four real estate investors for their roles in a conspiracy to rig bids at public real estate foreclosure auctions held in Alameda County, California, the Department of Justice announced.
Two Northern California real estate investors have agreed to plead guilty today for their role in a conspiracy to rig bids at public real estate foreclosure auctions in Northern California, the Department of Justice announced.
California Reinvestment Coalition Proud of New Law to Protect Californians from “Widow Foreclosures”
The California Reinvestment Coalition is pleased to announce that earlier today, Governor Brown signed SB 1150 (Leno, Galgiani) to protect widows, widowers, and other heirs from unnecessary foreclosures. Senate Bill 1150, the Homeowner Survivor Bill of Rights (SBOR), was co-sponsored by the California Reinvestment Coalition, Housing and Economic Rights Advocates and the California Alliance for Retired Americans
Earlier today, California’s assembly moved one step closer to enacting legislation designed to protect widows, widowers, and other heirs from unnecessary foreclosures. Senate Bill 1150 (Leno, Galgiani), the Homeowner Survivor Bill of Rights (SBOR), was approved by the Assembly with 47 votes for it. The next step is a concurrence vote by the Senate, and then the bill would head to Governor Brown.
The Consumer Financial Protection Bureau released its finalmortgage servicing rule today, with stronger protections to prevent unnecessary foreclosures on successors-in-interest, more commonly known as “widow foreclosures.”
Senate Bill 1150, a bill to protect widows, widowers and other heirs from unnecessary foreclosures, passed a key hurdle today when it was voted out of the Senate on a vote that was not without drama. Amidst intense industry lobbying pressure and after appearing to go down to defeat for failing to secure sufficient votes yesterday, the bill secured the needed 21 votes today.
Earlier today, the California Reinvestment Coalition called on the Department of Housing and Urban Development (HUD) to impose a moratorium on any additional reverse mortgage foreclosures by CIT Group and its subsidiary, Financial Freedom. The call for a moratorium is based in part on new data (see fact sheet here) that CRC obtained from HUD, indicating that Financial Freedom/CIT Group’s share of reverse mortgage foreclosures (39%) since April 2009 is more than two times greater than the company’s estimated market share (17%).
U.S. Rep. Mike Thompson (CA-05) today announced a $2,438,681 Economic Development Administration (EDA) investment which will support roadway and infrastructure improvements to the Green Island Industrial District (GRID) in American Canyon. The funds will be used to help reconstruct Green Island Road, a goods movement corridor for the GRID. In August, 2014 Thompson urged Northern California’s EDA representative to support the City of American Canyon’s application for federal funding.
Two Northern California real estate investors pleaded guilty for their role in bid-rigging conspiracies and mail fraud at public real estate foreclosure auctions in Northern California, the Department of Justice announced today.
With an improving economy and job market over the past year, home buyers have started forming households again, and buyers who previously experienced a foreclosure or short sale are back in the housing market, according to the CALIFORNIA ASSOCIATION OF REALTORS®’ (C.A.R.) “2015 Survey of California Home Buyers.”
The California Chamber of Commerce is holding its annual “Capitol Summit” meeting this week, and two statewide nonprofits are calling on the Chamber to reverse its position on legislation that would protect widowed homeowners from unnecessary foreclosures
A Northern California real estate investor has agreed to plead guilty for his role in conspiracies to rig bids at public real estate foreclosure auctions in Northern California, the Department of Justice announced
Two Northern California real estate investors have agreed to plead guilty for their role in bid rigging and fraud conspiracies at public real estate foreclosure auctions in Northern California, the Department of Justice announced
Felony charges were filed today in the U.S. District Court of the Northern District of California in Oakland against Ramin Yeganeh of San Mateo, California.
CalHFA Awarded $450,000 to Provide Counseling for Struggling Homeowners Provides assistance to California homeowners...
The California Housing Finance Agency (CalHFA) today announced that it will receive more than $450,000 in additional federal dollars to provide free counseling to homeowners struggling to avoid foreclosure
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
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.