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.


Alfonso Salazar (Contra Costa County District Attorney)

Former Real Estate Agent Arrested In East Bay Foreclosure Rental Scam

A Contra Costa County man faces nine felony counts ranging from grand theft to perjury and burglary in what prosecutors call a sophisticated foreclosure rental scam.


San Francisco Homes For Sale

Assessor Finds Broken Laws In Majority Of SF Foreclosures

The City and County of San Francisco’s Office of Assessor-Recorder released a report Wednesday saying that a review of nearly 400 foreclosures in the county revealed that bank and lender mistakes were found in nearly 99% of the cases.



ConsumerWatch: North Bay Couple Battles For Loan Modification

It’s not every day homeowner’s march to their banks demanding a loan modification. But a North Bay family says it’s the only option they have to save their home.


house mortgage rate, foreclosure

California Mortgage Defaults Hit 13-Month High

The real estate tracking firm RealtyTrac recorded a 17 percent increase in default notices in California during October, a sign the housing market has yet to hit bottom despite a marked improvement from 2010.


A Chase Bank branch. (Chris Hondros/Getty Images)

Protesters Occupy San Jose Chase Bank, Demand Loan Modification

A Chase branch bank in downtown San Jose was briefly occupied by about two dozen protesters Wednesday, demanding a loan modification for a customer.


A home for sale in San Francisco

ConsumerWatch: Jumbo Loan Limit Set To Fall

There isn’t much time left for some Bay Area home buyers to qualify for a decent mortgage term. What’s considered a conventional loan today will be a pricey jumbo loan in less than a month.


Foreclosed homes on Lucas Street in Richmond (CBS)

Banks Find Loophole To Avoid Cleaning Up Richmond Foreclosures

Richmond has some of the most strict laws about taking care of foreclosed properties, but residents say three banks have found a way around those regulations.



Bay Area Homeowners Scrambling To Refinance Loans

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


real estate, housing, home, property

California-Based Lawyers Accused Of Loan Lawsuit Scam

California prosecutors have filed a major lawsuit against several lawyers and call center operators for allegedly running a nationwide scam to dupe desperate homeowners into paying thousands of dollars to join dubious lawsuits against the country’s largest banks.

KPIX 5 | CBS San Francisco–08/18/2011