Wells Fargo Says Mistake Led to Hundreds of ForeclosuresWells Fargo says a company mistake contributed to hundreds of foreclosures because it miscalculated customers' eligibility for mortgage modifications.
Wells Fargo To Pay $2.09 Billion Fine In Mortgage SettlementWells Fargo has agreed to pay a $2.09 billion fine for issuing mortgage loans it knew contained incorrect income information, the Justice Department announced Wednesday.
People Mortgaging Their Homes To Buy Bitcoin, Report SaysAccording to reports, a number of investors looking to cash in on the soaring prices have resorted to putting their houses up as collateral to fund the venture.
GOP Tax Plan Packs Some Ugly Surprises For Bay Area Home BuyersBay Area home buyers would face a financial hit if tax reform proposal in Congress becomes law as Republican lawmakers look to cap the mortgage interest deduction at $500,000.
$221,000 Salary Needed To Afford Silicon Valley HomeA new analysis found prospective Silicon Valley homeowners will need to earn more than $220,000 to afford a median priced home.
Mortgage Prices Jump Ahead Of Expected Interest Rate HikeMortgage interest rates have already started jumping up ahead of next month’s expected rate hike.
Banks Holding Back Lowest Rate Mortgages To Keep Profits High, Experts SayMortgage rates are near all-time lows, and it might be hard to imagine them going even lower. And yet, some loan experts say, many banks aren’t giving borrowers the lowest rates they deserve.
Predatory, High-Interest Lending Booms In CaliforniaPredatory, high-APR lending in California is booming. A state report found that most loans issued by non-bank financial companies between $2,500 and $5,000 had annual percentage rates of 100 percent or higher.
'Too Smart To Rent?' SF Mortgage Lender's Ad Campaign Stokes Renter ResentmentA mortgage lender’s advertising campaign in San Francisco is striking a nerve with current renters.
Judge Approves $1.2 Billion Wells Fargo Settlement In Mortgage CaseA judge in New York has given final approval to a deal calling for Wells Fargo Bank to pay $1.2 billion to the government to settle claims against it for improper mortgage lending practices.
New Report Finds Racial Disparities, Possible Redlining In Oakland Mortgage LendingA new report by two Bay Area racial justice organizations found significant racial disparities in mortgage lending in Oakland, as well as other California cities.
Concord Real Estate Exec Pleads Guilty In $200M Mortgage Fraud Scheme During Housing CrisisAn executive of a Concord real estate company pleaded guilty to a $200 million mortgage fraud scheme that took place during the height of the housing crisis, according to an unsealed plea agreement.