Romney negotiated a $10 million federal bailout for his company, but has called for foreclosures to be allowed to “hit bottom” and letting Detroit go bankrupt.
Just days after Gov. Jerry Brown signed California’s so-called “homeowner bill of rights” into law, Assemblymember Nancy Skinner (D-Berkeley) is pushing for new protection for renters.
Wells Fargo has reported higher earnings for the second quarter thanks to a pickup in lending and a decline in the amount of bad loans.
California had the highest foreclosure rate in the country in July, a stark reminder that people are still losing their homes in record numbers despite state and federal efforts to end the housing crisis.
The foreclosure crisis in the Richmond area has forced some families into homelessness. Small children, in particular, are feeling the strain and stress of living in unfamiliar surroundings.
An advocacy group for low-income people issued a report Thursday that says investors are buying foreclosed homes in the poorest neighborhoods in Oakland in a trend that is destabilizing communities.
A California attorney who achieved national notoriety for advising clients to break into and reoccupy their foreclosed homes is facing the loss of his law license.
Ricky Gill, a young Republican who grew up in the Central Valley, will run against Rep. Jerry McNerney for Congress in a in a district whose newly drawn boundaries forced the incumbent Democrat to move from Pleasanton to Stockton.
Members of a coalition aimed at making mortgage relief a key issue this election demonstrated at major banks in Oakland Thursday
The foreclosure picture across the U.S. and the Bay Area is showing signs of improvement according to foreclosure database Realty Trac.