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ConsumerWatch: Avoid ‘Yo-Yo Financing’ When Buying A Car

When you buy a car, you think it’s yours to keep. But a certain form of financing may lead to a call from the dealer asking for a higher payment or to bring the car back.


San Francisco State University (SFSU)

KCBS Cover Story: Interest Rate Hike Imminent On Thousands Of Student Loans

The clock is ticking for students who have taken out subsidized federal loans for college as an interest rate reduction is set to expire.


The exterior of an Oakland Wells Fargo Bank branch. (Justin Sullivan/Getty Images)

Wells Fargo Quarterly Profit Jumps

Wells Fargo said its first-quarter profit jumped 13 percent on strong mortgage lending and a drop in delinquent loans.



Vallejo Man Guilty In Mortgage Scam Run Out Of Benicia Deli

A Vallejo man who ran a mortgage scam from a Deli in Benicia has been forced to repay his victims. Rocky Prasad was convicted of two counts of grand theft for falsely offering mortgage loans to two Santa Clara County home-buyers.


A home for sale in San Francisco

Few SFPD Officers Use Loan Program To Buy Homes In City

An interest-free loan that’s forgiven after five years has done little to entice San Francisco police officers to buy homes in the city.



San Francisco Man Indicted For Stealing $2M From Educational Non Profit

A northern California man has been indicted by a federal grand jury for stealing $2 million from an educational nonprofit.


Lawmakers Want Mortgage Answers

Banks Modify Loan Procedures With One-In-Five Bay Area Homes Under Water

As the housing crisis continues, banks are evolving in the way they handle loan modifications. 22% of homes in the Bay are under water, according to the real estate tracking website Zillow.



Bay Area Homeowners Scrambling To Refinance Loans

Bay Area homeowners are rushing to take advantage of mortgage rates that have hit another record low.


A plate at Mission Cheese

San Francisco Makes Loans To Small Businesses

San Francisco officials said they’re rebuilding the backbone of the city’s economy one small business at a time. One example is a new specialty shop that opened up in the Mission District this past month with the help of the city’s Revolving Loan Fund.


Wells Fargo Bank in San Francisco

Wells Fargo Income Soars In 1st Quarter

WellsFargo’s first-quarter income jumped 51 percent as more people opened accounts with the bank and business customers took out loans. New mortgages fell.

CBS San Francisco–04/20/2011