California RealEstateRama
Legislature passes mortgage reform bill
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.
Kennedy Wilson Multifamily Returns to its Southern California Roots in Joint Venture with PCCP,...
MONTCLAIR, CA - August 15, 2008 - (RealEstateRama) — Seeing opportunity where others in the real estate industry only see challenges, Kennedy Wilson Multifamily Management Group (KW Multifamily), a Beverly Hills, CA-based apartment investor, and its partner PCCP, LLC (PCCP), an integrated real estate finance and investment management firm, have acquired a major multifamily asset on the western perimeter of the Inland Empire.
CA Attorney General Urged to Seek Injunction Halting Foreclosure on Deceptive Countrywide Mortgages
CA - August 12, 2008 - (RealEstateRama) — The California Reinvestment Coalition and the Greenlining Institute August 6 sent an urgent letter to California Attorney General Jerry Brown urging him to take immediate action against Countrywide Financial/Bank of America.
Community Celebrates Restoration of Historical Home for Homeless
IRVINE, Calif. - August 4, 2008 - (RealEstateRama) — Catholic Worker Isaiah House, a turn of the century Victorian house that nightly provides refuge for the homeless most at risk on the street – families, senior adults and the disabled - was the site of a dedication ceremony hosted by HomeAid Orange County.
Insurance Commissioner Poizner Announces $50 Million Rate Cut For Northern California AAA Homeowners Insurance...
Rate Cut to Save Bay Area Homeowners More Than $28 Million
SAN FRANCISCO - Insurance Commissioner Steve Poizner today announced a 10.6% rate cut for California homeowners, a total savings of $50 million for California State Automobile Association Inter-Insurance Bureau (CSAA-IIB, or AAA of Northern California) customers, including more than $28 million in savings for Bay Area homeowners.
CBIA Sharply Reduces 2008 Housing Forecast
SAN FRANCISCO – California homebuilders are expected to begin construction on just 72,000 homes, condominiums and apartments this year, significantly lower than earlier forecasts. If that level is correct it will be the lowest production in the Golden State since at least the early 1950s, according to the annual midyear housing forecast released today by the California Building Industry Association
Kennedy Wilson Auction Group Sells 41 Luxury Model Homes
BEVERLY HILLS, Calif. – Kennedy Wilson Auction Group, a division of the national real estate services and investment firm Kennedy Wilson, conducted two auctions of 41 luxury model homes on May 31st, and June 1st, 2008
New Home Sales in Orange County Jump 20 Percent at End of First Quarter
Irvine, CA., – According to recent figures released by Hanley Wood Market Research, new home sales in Orange County spiked roughly 20 percent in March compared to February sales. A total of 206 new home sales were reported for March as compared with a total of 173 new home sales for February.
New-Home Production Remains Weak in April, CBIA Announces
SACRAMENTO — California new-home production in April continued to lag behind last year’s production levels, increasing chances that new-home production would fall to the lowest level in recorded history, the California Building Industry Association reported today.
Insurance Commissioner Steve Poizner Reminds Mandatory Fire Evacuees that Insurance May Cover Some Living...
SACRAMENTO ― Insurance Commissioner Steve Poizner reminded residents and businesses who have been evacuated from the Summit Fire in Santa Cruz that residents may be eligible for reimbursement for additional living expenses due to a mandatory evacuation and businesses may be eligible for reimbursement due to lost business.
California New Home Market Close to the Bottom, CBIA Announces
SACRAMENTO – 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.
Home Builders’ Association of Northern California Opens Urban Division
San Francisco, CA – May 1, 2008 – The Home Builders Association of Northern the Bay Area ’s largest association of home builders and a noted source of public information on home buying issues that affect the public, has opened an urban division at 660 Mission Street in San Francisco.
Mortgage Counseling Agencies to Receive Aid, Hire More Counselors
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.
California New Home Market Stays Cold in February, CBIA Announces
SACRAMENTO – The pace of home sales at California new-home communities continued to remain sluggish in February, the California Building Industry Association reported today.
Insurance Commissioner Poizner Issues Statement on Bush Administration Proposal to Overhaul Financial Regulation
SACRAMENTO ― Today Insurance Commissioner Steve Poizner issued the following statement regarding yesterday's announcement by the Bush administration to overhaul the nation's regulatory policies for commercial and investment banks and the financial market.
Total New-Home Starts Decline Again in February, CBIA Announces
March 26, 2008, SACRAMENTO — New-home starts in California continued to decline in February as homebuilders continued to grapple with problems in the housing and credit markets, the California Building Industry Association reported today.
Senator Feinstein and Mayor Villaraigosa Urge Swift Passage of Legislation to Create National Standards...
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 Martinez (R-Fla.) in February
The 7th Annual HBANC Women’s Council Spring Basket Event
The 7thAnnual HBANC Women ’s Council Spring Basket Event fosters a sense of community, competition and fun. Donated baskets are filled with household supplies, personal care items, and other themed gift s.Last years ’ event resulted in more that 60 baskets donated to Shepherd ’s Gate a HomeAid charity. Not only is this event open to members of the HBANC, it is also open to the public.
California New-Home Market Is Off to a Slow Start in 2008, CBIA Announces
March 17, 2008. SACRAMENTO – The pace of home sales at California new-home communities began 2008 with a sluggish pace, the California Building Industry Association reported today, prompting CBIA to reiterate its call for the state Legislature to quickly take action to assist homebuilding, one of the state’s leading industries.
Freedom Realty Exchange Delivers an Innovative and Convenient Solution for Buyers and Sellers in...
Newport Beach, CA—With over thirty years of real estate auction experience, the LFC Group of Companies is strongly positioned to lead the way in the home auction industry.