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.
California has a new law to stop what Gov. Jerry Brown calls abusive home lending tactics.
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.
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 […]
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.