Predatory, High-Interest Lending Booms In CaliforniaPredatory, high-APR lending in California is booming. A state report found that most loans issued by non-bank financial companies between $2,500 and $5,000 had annual percentage rates of 100 percent or higher.
ConsumerWatch: Bay Area Home Sellers, Buyers Stalled By Washington ShutdownSellers across California have been holding the door open, hoping to cash in on double digit increases in home prices, and a surplus of buyers motivated by low interest rates. But, the stalemate in Washington is stalling home sales in the Bay Area.
Wells Fargo Earnings Jump 25 PercentWells Fargo, the country’s biggest mortgage lender, said it earned a record $4.9 billion in the fourth quarter, up 25 percent from the same period a year before.