Mortgage

A sign outside a Bank of America branch in San Francisco. (Justin Sullivan/Getty Images)

California To Receive Hundreds Of Millions In Bank Of America Settlement

California will recover $300 million in damages from Bank of America as part of a $16.65 billion settlement over the bank’s handling of mortgage-backed securities prior to 2009, officials said Friday.

08/22/2014

court generic, gavel, courtroom, trial, jury, judge

Former FBI Employee, His Wife Plead Guilty To Bank Fraud Charges In San Francisco

A former FBI employee and his wife pleaded guilty Thursday in federal court in San Francisco to bank fraud in connection to mortgages they obtained for rental homes in Daly City and San Bruno, according to federal prosecutors.

07/24/2014

A sale pending sign stands in front of a home for sale in San Francisco. (Justin Sullivan/Getty Images)

Bay Area Leads National Housing Price Gains But Signs Of Slowdown Loom

The San Francisco Bay Area led the major United States markets with a 2.4 percent monthly home price increase, but the gains are decelerating nationally as fewer Americans can afford to buy.

05/27/2014

A sign stands in front of a home for sale in San Francisco (Justin Sullivan/Getty Images)

Zillow: 55% Of Bay Area Homes Not Affordable, Prices Rising Beyond Historic Highs

Bay Area home prices are increasingly unaffordable, and a change in mortgage rates could dramatically worsen the crisis.

04/04/2014

A flag waves outside of a Wells Fargo bank branch in San Francisco. (Justin Sullivan/Getty Images)

Wells Fargo Cuts 700 Jobs From Mortgage Unit

Wells Fargo & Co. is cutting 700 jobs from its home lending business as mortgage refinancing slows down.

02/27/2014

A sale pending sign stands in front of a home for sale in San Francisco. (Justin Sullivan/Getty Images)

ConsumerWatch: Bay Area Home Sellers, Buyers Stalled By Washington Shutdown

Sellers 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.

10/10/2013

Foreclosed homes on Lucas Street in Richmond (CBS)

Richmond Reconsidering Eminent Domain Plan For Underwater Homeowners

The Richmond City Council Tuesday evening will consider scrapping the city’s controversial plan to buy struggling homeowners’ underwater mortgages.

09/10/2013

Foreclosed homes on Lucas Street in Richmond (CBS)

Richmond Demands Wells Fargo Drop Lawsuit Over Eminent Domain Mortgage Plan

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.

08/15/2013

A foreclosure sign hangs on a fence in front of a foreclosed home on April 6, 2011. (Justin Sullivan/Getty Images)

Richmond Considers Eminent Domain As A Path To Home Loan Restructuring

Despite rising home prices in much of the Bay Area, many home buyers are struggling to wade out from their underwater mortgage – prompting some Richmond city leaders to attempt a unique tactic to provide mortgage relief.

06/18/2013

Photo Credit: Thinkstock.com

What To Do With Your Tax Refund

Most tax filers are getting a refund after they file their 2012 return. With the average refund running about $3,000, a lot of people will be thinking about what to do with the extra cash.

03/18/2013

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