Mortgages

A boarded up home is seen on April 6, 2011 in Richmond, California. (Justin Sullivan/Getty Images)

UC Berkeley Study Looks At Underwater Mortgage Problem, Supports Richmond’s Eminent Domain Plan

The report, titled “Underwater America: How the So-Called Housing ‘Recovery’ is Bypassing Many American Communities” is a first-of-its-kind look at the magnitude of the underwater mortgage issue.

05/08/2014

People walk by JP Morgan Chase & Company headquarters in New York, August 14, 2013. (EMMANUEL DUNAND/AFP/Getty Images)

Public Employee Pensions Gets $299M In JPMorgan Chase Settlement

JP Morgan Chase & Co. will pay nearly $300 million to California’s public employee and teacher pension funds as part of a settlement related to mortgage-related investments.

11/19/2013

(CBS)

Brentwood Woman Charged In Mortgage Fraud Case

A Contra Costa County woman and Las Vegas man face charges for their alleged involvement in a multi-million dollar mortgage scam that bilked more than a thousand homeowners.

09/12/2013

A foreclosed Stockton home. (Justin Sullivan/Getty Images)

Californians Wrongfully Foreclosed On Receiving $1,500 Checks

More than 200,000 Californians will each receive checks worth nearly $1,500 this month as part of the national mortgage settlement, the state attorney general’s office said Tuesday.

06/04/2013

California Attorney General Kamala D. Harris speaks during day two of the Democratic National Convention at Time Warner Cable Arena on September 5, 2012 in Charlotte, North Carolina. (Kevork Djansezian/Getty Images)

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.

05/09/2013

San Francisco Real Estate

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.

04/03/2013

Foreclosed homes on Lucas Street in Richmond (CBS)

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.

02/21/2013

A foreclosed Stockton home. (Justin Sullivan/Getty Images)

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.

02/21/2013

The exterior of an Oakland Wells Fargo Bank branch. (Justin Sullivan/Getty Images)

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.

10/09/2012

home sale, mortgage, foreclosed, foreclosure, real estate, house

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.

09/28/2012

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