Concord Real Estate Exec Pleads Guilty In $200M Mortgage Fraud Scheme During Housing CrisisAn executive of a Concord real estate company pleaded guilty to a $200 million mortgage fraud scheme that took place during the height of the housing crisis, according to an unsealed plea agreement.
VIDEO: UC Davis Alumnus Brings Parents To Tears After Paying Off Their MortgageA UC Davis alumnus is making waves on Reddit after posting a video in which he surprises his parents with one very thoughtful holiday gift.
California To Receive Hundreds Of Millions In Bank Of America SettlementCalifornia 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.
Former FBI Employee, His Wife Plead Guilty To Bank Fraud Charges In San FranciscoA 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.
Bay Area Leads National Housing Price Gains But Signs Of Slowdown LoomThe 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.
Zillow: 55% Of Bay Area Homes Not Affordable, Prices Rising Beyond Historic HighsBay Area home prices are increasingly unaffordable, and a change in mortgage rates could dramatically worsen the crisis.
Wells Fargo Cuts 700 Jobs From Mortgage UnitWells Fargo & Co. is cutting 700 jobs from its home lending business as mortgage refinancing slows down.
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.
Richmond Reconsidering Eminent Domain Plan For Underwater HomeownersThe Richmond City Council Tuesday evening will consider scrapping the city’s controversial plan to buy struggling homeowners’ underwater mortgages.
Richmond Demands Wells Fargo Drop Lawsuit Over Eminent Domain Mortgage PlanThe 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.
Richmond Considers Eminent Domain As A Path To Home Loan RestructuringDespite 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.
What To Do With Your Tax RefundMost 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.