Mortgages
California AG Harris Sues JPMorgan Chase Over Debt Collection
California’s attorney general sued one of the nation’s largest banks Thursday, alleging that JPMorgan Chase & Co. used illegal tactics in its efforts to collect debts from more than 100,000 credit card holders.
Rise In All-Cash Home Sales Frustrates Bay Area First-Time Buyers
Real estate firms are reporting a record number of Bay Area homes are being bought with cash, making it increasingly difficult for first-time homebuyers to get their offers accepted.
Many Contra Costa Mortgages Still Underwater Despite Rising Home Prices
A large portion of property owners in Contra Costa County remain underwater, making payments on mortgages higher than the value of the home, even though overall home prices in the San Francisco Bay Area are climbing upward once again.
California To Receive More Than $20 Billion From Mortgage Settlement
California should receive at least $20.6 billion from a settlement with the nation’s major mortgage lenders, the largest share of any state and about $2 billion more than expected when the agreement to assist homeowners was announced last year, according to a report released Thursday.
Feds Sue Wells Fargo Over FHA-Insured Loan Defaults
The federal government has sued Wells Fargo Bank in New York, blaming the nation’s largest originator of home mortgages for thousands of loan defaults over the last decade.
Brentwood Man Charged In Multi-Million Dollar Mortgage Scam
A Contra Costa County man is facing charges that he bilked more than 1,000 homeowners in a multi-state, multi-million dollar mortgage scam.
Melissa Griffin: Could California Use Eminent Domain To Save Troubled Mortgages?
On Friday July 27 Lieutenant Governor Gavin Newsom came out in support of a controversial plan to allow local governments to seize underwater properties and restructure the debts.
Gov. Brown Signs ‘Homeowners Bill of Rights’ Into Law
California has a new law to stop what Gov. Jerry Brown calls abusive home lending tactics.
California Lawmakers Approve Bill To Make Mortgage Reform Permanent
California’s State Assembly and Senate both passed a package of protections for homeowners designed to prevent further foreclosure abuse. The legislation now goes to Gov. Brown.
Market Rates For The Middle Class
With a couple of simple fixes from Congress, billions of dollars could be put into the economy by allowing middle class families to refinance their mortgages and by keeping student loans at market rates. Maybe […]
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