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.
California’s attorney general has filed a lawsuit against debt rating agency Standard & Poor’s, claiming it inflated its ratings of certain investments, costing the state’s public pension funds and other investors billions of dollars.
A real estate research firm says California home foreclosure activity has fallen to a six-year low.
A research firm says San Francisco Bay area home prices rose last month at the fastest clip in more than 20 years.
A research firm says San Francisco Bay area home prices in November were up more than 20 percent from last year as buyers competed for scarce supplies.
A research firm says California homes prices rose during September to new a four-year high as the supply of foreclosed homes for sale dwindled.
The city of Oakland announced on Tuesday that it wants to help the estimated 3,500 homeowners who currently face foreclosure by buying up properties and selling them back to the homeowners at current rates.
When Samantha James signed a lease on a San Jose apartment in the spring of 2011, she had no idea the duplex in College Park had been in foreclosure for about two years.
On Friday July 27 Lieutenant Governor Gavin Newsom came out in support of a controversial plan to allow local governments to seize underwater properties and restructure the debts.
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.