Members of a coalition aimed at making mortgage relief a key issue this election demonstrated at major banks in Oakland Thursday
Wells Fargo is holding a loan modification event in Richmond on Wednesday and Thursday intended to save hundreds of homeowners from losing their homes.
California’s attorney general is suing mortgage giants Fannie Mae and Freddie Mac, demanding that the government-backed companies respond to questions in a state investigation.
Despite a drop in foreclosures, getting a loan modification is still a challenge. For a Brentwood woman, no one seemed to pay attention to her case until she turned to CBS 5 ConsumerWatch.
The settlement would end a 2008 suit that charges Wachovia misled investors in its bonds and preferred securities by understating losses associated with risky mortgages. Wells bought Wachovia that year.
The new Consumer Financial Protection Bureau opened for business on Thursday, with a branch office located in San Francisco.
The California Housing Finance Agency has received a $3.2 million federal grant to provide financial counseling for homeowners who face possible foreclosure.
The California Department of Real Estate is warning homeowners to be wary of solicitations asking them to join so-called “Mass Joinder” lawsuits against their lenders.
“Keep Your Home California” is funded by federal government TARP funds and administered through the state.
While millions of homeowners continue to struggle with their mortgage payments, California is stepping in.