The mayor of a financially struggling East Bay city and several supporters showed up unannounced Thursday at Wells Fargo Bank’s headquarters to demand it drop a lawsuit fighting a novel plan to refinance hundreds of “underwater” mortgages.
The city is the first in the country to take the step of threatening eminent domain to handle underwater mortgages.
Members of a coalition aimed at making mortgage relief a key issue this election demonstrated at major banks in Oakland Thursday
Jerry Brown is proposing using more than $400 million of the settlement money to help close the budget gap.
Tenant and housing advocates gathered outside a San Francisco Mission District bank on Thursday with three single mothers who are facing eviction.
Affordable places to rent are becoming more difficult to find, especially in the Bay Area, where rent is increasing rapidly in San Jose, San Francisco and Oakland.
The end may finally be in sight for the Bay Area foreclosure crisis, as some cities that have suffered the most see their home prices stabilize.
California legislators are taking the ongoing foreclosure crisis head on, with a new slate of bills known as the Homeowners Protection Act.
As California plunged into the foreclosure crisis, many desperate consumers began falling victim to shady companies offering bogus loan modification programs.