OAKLAND, Calif., Nov. 20 /PRNewswire-USNewswire/ -- Gov. Arnold Schwarzenegger and California mortgage lenders Countrywide, GMAC, Litton and HomeEq announced today that they plan to follow the direction of FDIC Chairman Sheila Bair and institute systematic loan modifications for borrowers with resetting ARMs.
DISCOVERY BAY, Calif., Nov. 15 /PRNewswire/ -- ForeclosureRadar, the only web site that tracks every California foreclosure with daily updates on foreclosure auctions, issued its monthly California Foreclosure Report today which showed October foreclosure sales increased by 40 percent from September.
Stockton, Detroit, Riverside-San Bernardino Post Top Metro Foreclosure Rates According to RealtyTrac(R) Q3 2007...
IRVINE, Calif., Nov. 14 /PRNewswire/ -- RealtyTrac(R), the leading online marketplace for foreclosure properties, today released its Q3 2007 Metropolitan Foreclosure Market Report, which shows Stockton, Calif., Detroit and Riverside-San Bernardino, Calif., documented the three highest foreclosure rates among the nation's 100 largest metropolitan areas during the third quarter.
New CRL Research Reveals Devastating Subprime Foreclosure "Spillover Effect" On Neighbors And Entire Communities, Not Only Individual Homeowners
The weight of defaults on real estate loans has forced the Bay Area-based Cal State 9 Credit Union into federal conservatorship.
LOS ANGELES, Nov. 5 /PRNewswire-USNewswire/ -- Los Angeles Neighborhood Housing Services, (LA NHS) will host a press conference featuring the Reverend Jesse Jackson as he speaks to homeowners facing foreclosure in a LA neighborhood. Reverend Jackson will urge Los Angeles homeowners at risk of foreclosure to take the first step to avoid losing their biggest investment by calling for help at 888-995-HOPE.
Valued from $85,000 to over $800,000, Homes Will Be Auctioned November 12-18 in San Jose, Kelseyville, Modesto, San Francisco Bay Area, Sacramento & Stockton
Foreclosure Activity Up 30 Percent in Third Quarter According to RealtyTrac U.S. Foreclosure Market...
IRVINE, Calif., Nov. 1 /PRNewswire/ -- RealtyTrac(R), the leading online marketplace for foreclosure properties, today released its Q3 2007 U.S. Foreclosure Market Report, which shows a total of 635,159 foreclosure filings -- default notices, auction sale notices and bank repossessions -- were reported on 446,726 properties nationwide during the third quarter, a 30 percent increase from the previous quarter and an increase of nearly 100 percent from the third quarter of 2006.
With Homes Valued from $100,000 to nearly $700,000, Buyers Will Likely Find Pick of Deals at Auction Scheduled November 6-11
Real estate professionals, including some local ones, are pushing the federal government to declare California a "high-cost" state to ease the home foreclosure crisis that has hit the Vallejo area especially hard.
CALABASAS, Calif., Oct. 23 /PRNewswire/ -- Countrywide Financial Corporation (NYSE: CFC) today announced a comprehensive home preservation program to reach out to borrowers at-risk of default.
LOS ANGELES, Oct. 22 /PRNewswire/ -- Among the top 10 metro areas with the largest number of foreclosure filings are six California cities. Merced topped the list followed by Modesto, Stockton, Riverside-San Bernardino, Vallejo-Fairfield, and Sacramento.
House puts in place legislation to set up next wave of foreclosures; tax break on forgiven debt could incent mid-tier homeowners to flee without fear
IRVINE, Calif., Oct. 18 /PRNewswire/ -- RealtyTrac(TM), the leading online marketplace for foreclosure properties, has been named to Deloitte's prestigious Technology Fast 50 Program for Orange County, a ranking of the fastest-growing technology companies in the area.
Foreclosure Crisis Hits Hardest in Minority Communities - Research Shows 40 Percent of All Loans to Latinos are High Cost Loans
Foreclosure Activity Decreases 8 Percent in September According to RealtyTrac(R) U.S. Foreclosure Market Report
IRVINE, Calif., Oct. 11 /PRNewswire/ -- RealtyTrac(R)), the leading online marketplace for foreclosure properties, today released its September 2007 U.S. Foreclosure Market Report, which shows a total of 223,538 foreclosure filings -- default notices, auction sale notices and bank repossessions -- were reported during the month, down 8 percent from the 32-month high in the previous month, but still up 99 percent from the number reported in September 2006.
Foreclosure Activity Increases 36 Percent in August According to RealtyTrac(TM) U.S. Foreclosure Market Report
IRVINE, Calif., Sept. 18 /PRNewswire/ -- RealtyTrac(R), the leading online marketplace for foreclosure properties, today released its August 2007 U.S. Foreclosure Market Report, which shows a total of 243,947 foreclosure filings - default notices, auction sale notices and bank repossessions - were reported during the month, up 36 percent from the previous month and up 115 percent from August 2006.
New data from Mortgage Bankers Association clarifies California's crisis, underscores need for immediate legislative action