Archives
Pelosi: With This Housing Bill, We Can Protect the American Dream and Preserve It...
Washington, D.C. - March 10, 2009 - (RealEstateRama) — Speaker Nancy Pelosi released the following statement on the House’s passage of HR 1106, the Helping Families Save Their Homes Act, by a vote of 234 to 191
Capps Cheers Passage of Fair and Effective Plan to Help Our Economy by Helping...
The Helping Families Save Their Homes Act Could Keep Hundreds of Thousands of Families from Losing Their Home Without Spending One Taxpayer Dollar
WASHINGTON, D.C. - March 06, 2009 - (RealEstateRama) — Today Congresswoman Lois Capps voted for legislation that will provide a fair and effective plan to help communities across the country by aiding families who are facing foreclosure hold on to their homes.
Foreclosures Slow Dramatically, Down More Than 25% in January; California Foreclosures At Lowest Level...
SACRAMENTO, CA - February 12, 2009 - (RealEstateRama) — Foreclosures across the United States plummeted by more than 25 percent in January, with many of the hardest-hit states seeing dramatic drops in the number of homes repossessed by lenders, according to the latest U.S. Foreclosure Index released today by ForeclosureS.com, a leading real estate information provider
REBS, ForeclosureRadar to provide discount to C.A.R. members
Real Estate Business Services Inc., ForeclosureRadar™ Partner to Provide Exclusive Pricing to C.A.R. Members
Governor Schwarzenegger Prescribes Solutions to Keep Californians in their Homes
November 10, 2008 - (RealEstateRama) — Committed to keeping Californians in their homes and stabilizing the state's economy, Governor Arnold Schwarzenegger today announced an aggressive plan to bring down foreclosure rates by helping both borrowers and lenders modify existing home loans in ways that benefit both parties.
Congresswoman Maxine Waters Criticizes Hedge Funds for Opposing Loan Modifications to Prevent Foreclosures
Washington, DC - November 03, 2008 - (RealEstateRama) — Congresswoman Maxine Waters (D-CA), Chairwoman of the Housing and Community Opportunity and a leading advocate for homeowners, today renewed her efforts to encourage loan modifications to prevent foreclosures.
Senator Feinstein Expresses Support for More Robust Federal Efforts to Prevent Home Foreclosures
Washington, DC - October 31, 2008 - (RealEstateRama) — U.S. Senator Dianne Feinstein (D-Calif.) today expressed strong support for efforts by Federal Deposit Insurance Corporation (FDIC) Chairman Sheila C. Bair to prevent home foreclosures by expanding federal loan guarantees and expediting procedures for mortgage workout agreements.
Gov. Schwarzenegger Highlights Subprime Mortgage Agreement’s Progress in Preventing Foreclosures
October 30, 2008 - (RealEstateRama) — Governor Arnold Schwarzenegger today issued the following statement regarding the third quarter of 2008 mortgage servicer survey results. The latest data, released by the Department of Corporations who tracks and reports loan modification statistics, shows continued success for the Governor's Subprime Mortgage Agreement from November 2007 to the present time.
Attorney General Brown Announces Landmark $8.68 Billion Settlement with Countrywide
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.
Statement of U.S. Senator Barbara Boxer on Financial Rescue Plan
September 23, 2008 - (RealEstateRama) — We all agree that the government needs to act swiftly to prevent this crisis from further escalating, but we also need to ensure that as we act, we do no repeat the mistakes of the past—lax oversight by federal agencies and commissions and a continued disdain by this Administration for congressional oversight.
Senator Feinstein Seeks Major Grant Assistance for Stockton, Other California Communities Hit Hard by...
Washington, DC - September 16, 2008 - (RealEstateRama) — U.S. Senator Dianne Feinstein (D-Calif.) is urging the U.S. Department of Housing and Urban Development to ensure that Stockton and other California cities and counties hit hard by foreclosures receive substantial financial assistance to combat blight.
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.
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.
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.
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
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
HUGE 7 DAY Northern California Foreclosure Auction Event!
All homes open for inspection from 10AM to 5PM on 02/02/08, 02/09/08 and 02/10/08.
1000+ FORECLOSED HOMES MUST BE SOLD!!
Federal Home Loan Bank of San Francisco Developing New Foreclosure Prevention Program
San Francisco – The Federal Home Loan Bank of San Francisco announced today that it is developing a new affordable housing set-aside program, the Homeownership Preservation Subsidy (HPS) program, to help provide a long-term solution for low- to moderate-income homeowners who are at risk of losing their homes because of increases in their monthly mortgage payments.
Deals Abound for Buyers at Auction of Over 200 San Francisco Area Foreclosed Homes
SAN FRANCISCO, Calif., Feb. 5 /PRNewswire-USNewswire/ -- America's housing market may be fledging but with interest rates hitting historic lows and home prices falling, now is a great time to buy. With the market in their favor, more buyers are heading to foreclosed real estate auctions because they can purchase property at significant discounts. Hudson & Marshall, the country's largest foreclosed real estate auction firm, will auction over 200 bank owned homes in the San Francisco area on February 16th at 11:00am and February 17th at 1:00pm at the Hilton Oakland Airport