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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

(Joe Raedle/Getty Images)

Alameda Co. DA Promotes Alternative To Questionable Loan Modification Offers

Underwater homeowners frantic to hold onto their homes have become a tempting target for scam artists offering loan modification help at a hefty price.


Credit Cards

KCBS In Depth: Consumer Issues

An interview with Consumer Action’s Joe Ridout on the many issues facing consumers these days, including credit, privacy issues and protecting yourself from scams.



ConsumerWatch: New Consumer Protection Agency Opens SF Office

The new Consumer Financial Protection Bureau opened for business on Thursday, with a branch office located in San Francisco.

KPIX 5 | CBS San Francisco–07/21/2011

The Countrywide Financial headquarters as seen on July 18, 2008 in Calabasas, California. (David McNew/Getty Images)

450K Homeowners To Receive Refunds From Countrywide Settlement

More than 450,000 homeowners who took out mortgages with Countrywide Financial Corp. will soon receive their slice of a nearly $108 million settlement over claims that the lender overcharged borrowers facing foreclosure.

CBS San Francisco–07/21/2011