Yearly Archives: 2008
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
C.A.R. reports sales decrease 28.5 percent, median home price falls 26.2 percent in February
LOS ANGELES (March 24) – Home sales decreased 28.5 percent in February in California compared with the same period a year ago, while the median price of an existing home fell 26.2 percent, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) reported today.
C.A.R. and the “Los Angeles Times” team up to sponsor free Home Buyer’s Fair...
LOS ANGELES (March 21) – The CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) and the "Los Angeles Times" are sponsoring the Southern California Home Buyer's Fair at the Los Angeles Convention Center on April 12 and 13 from 9 a.m. to 6 p.m.
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.
For the First Time: JOE Offers Prime Real Estate to the Public via an...
NEWPORT BEACH, CA–The St. Joe Company has selected Internet real estate auction marketing firm, the LFC Group of Companies, to auction more than 3,000 acres of its prime land in the Florida Panhandle. What makes this opportunity so rare is that The St. Joe Company, one of Florida’s largest landowners and developers, has taken an innovative approach in choosing to sell its land through an online auction.
Economic Stimulus’ Biggest Real Estate Winners
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
Congress must finish the job on FHA modernization bill so more families can keep their homes Temporary loan limits part of Economic Stimulus Package
C.A.R. reports sales decrease 29.8 percent, median home price falls 21.9 percent
LOS ANGELES (Feb. 25) – Home sales decreased 29.8 percent in January in California compared with the same period a year ago, while the median price of an existing home fell 21.9 percent, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) reported today
91 Community Groups Ask BofA to Halt Foreclosures of Countrywide Mortgages and Develop Plan...
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
Landlords, tenants take sides on rent control for mobile home parks
A statewide proposition on the June ballot could hurt an estimated 120,000 Riverside and San Bernardino county residents living in mobile home parks, opponents of the measure say.
HUD TAKES ACTION AGAINST FLEETWOOD HOMES OF CALIFORNIA
WASHINGTON – The U.S. Department of Housing and Urban Development has taken action against a major builder of manufactured homes by requiring it to recertify its Woodland, California plant. In a settlement announced today, Fleetwood Homes of California has agreed to a HUD-monitored recertification process for its Woodland plant. The company must also provide notification and correction of defects to its consumers, and pay a civil money penalty.
Fraud Exceeds $4 Billion in 2007
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
Northern California Foreclosure Auction Event!
All homes open for inspection from 10AM to 5PM on 02/23/08 and 02/24/08.
California Tenants Fight to Save Rent Control
Emboldened by a national outcry against the use of eminent domain to seize property for private developments like Brooklyn's Atlantic Yards, California landlords have devised an ingenious attack on the state's local rent-control laws: Disguising a statewide referendum to ban them as a measure to reform eminent domain.
