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Banks

(CBS)

Homeowners With Home Equity Lines Of Credit Could Face Ballooning Monthly Payments

Millions of homeowners who took out Home Equity Lines of Credit during the housing boom are facing a looming deadline that could mean much larger monthly payments.

06/09/2014

A home for sale in Richmond. (CBS)

Richmond’s Eminent Domain Plan Moves Another Step Forward

The Richmond City Council has set up new guidelines for the proposal.

12/18/2013

Foreclosed homes on Lucas Street in Richmond (CBS)

Richmond Reconsidering Eminent Domain Plan For Underwater Homeowners

The Richmond City Council Tuesday evening will consider scrapping the city’s controversial plan to buy struggling homeowners’ underwater mortgages.

09/10/2013

Surveillance photo of 'Button-Down Bandit' (photo courtesy FBI)

Former Boxing Champ Set To Face Charges In East Bay Bank Robbery Spree

James Quindale Page, 42, dubbed by authorities as the “Button Down Bandit,” was indicted by a federal grand jury in Oakland on Thursday on six counts of bank robbery. Each count carries a possible maximum sentence of 20 years in prison if he is convicted.

06/21/2013

A foreclosure sign hangs on a fence in front of a foreclosed home on April 6, 2011. (Justin Sullivan/Getty Images)

Richmond Considers Eminent Domain As A Path To Home Loan Restructuring

Despite rising home prices in much of the Bay Area, many home buyers are struggling to wade out from their underwater mortgage – prompting some Richmond city leaders to attempt a unique tactic to provide mortgage relief.

06/18/2013

A foreclosed Stockton home. (Justin Sullivan/Getty Images)

California To Receive More Than $20 Billion From Mortgage Settlement

California should receive at least $20.6 billion from a settlement with the nation’s major mortgage lenders, the largest share of any state and about $2 billion more than expected when the agreement to assist homeowners was announced last year, according to a report released Thursday.

02/21/2013

A foreclosed Stockton home. (Justin Sullivan/Getty Images)

ConsumerWatch: Banks Agree To Pay $8.5B For Foreclosure Abuse

U.S. banks have taken another step to clear away the wreckage of the 2008 financial crisis by agreeing to pay $8.5 billion to settle charges that they wrongfully foreclosed on millions of homeowners.

01/07/2013

The exterior of an Oakland Wells Fargo Bank branch. (Justin Sullivan/Getty Images)

Feds Sue Wells Fargo Over FHA-Insured Loan Defaults

The federal government has sued Wells Fargo Bank in New York, blaming the nation’s largest originator of home mortgages for thousands of loan defaults over the last decade.

10/09/2012

(CBS)

ConsumerWatch: Fees Catch Customers By Surprise On ‘Free For Life’ Bank Accounts

Some Bank of the West customers are complaining that checking accounts that were supposed to be “Free for Life” are no longer free.

09/13/2012

City Hall in Stockton. (CBS)

Lenders Say Stockton Bankruptcy Costing Millions, While City Continues Pension Payments

A bond insurer said lenders are losing millions in Stockton’s bankruptcy while the city continues to fund pricey pensions.

08/03/2012

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