The FBI and San Francisco police are asking for the public’s help in identifying a costumed man believed to be responsible for robberies at six banks and a foreign money exchange kiosk in San Francisco over the past three months.
38-year-old San Francisco resident Frederick Black was arrested on December 27.
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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.
The Richmond City Council has set up new guidelines for the proposal.
The Richmond City Council Tuesday evening will consider scrapping the city’s controversial plan to buy struggling homeowners’ underwater mortgages.
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.
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.
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.
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.