California updates tagged with 'Subprime'

The Hope Now coalition released information yesterday that finds prime foreclosure starts have finally moved ahead of subprime foreclosure starts for the first time since the industry coalition...

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During a Democratic primary debate, in August, 2007, Joe Biden saw what many others didn't see or realize until months later: The credit crunch was running so deep -- it could effect several sectors...

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Tonight's focus and theme at the Democratic Convention shifts to Hillary's anticipated speech and the economy. Hillary's speech is what many will be tuning in to watch or listen to; the several...

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The Los Angeles Times reported Sunday that real estate evaluations are still being inflated, despite federal housing legislation that was signed last month tightening appraisal standards that comply...

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New York senator Charles Schumer will not be investigated for comments made about IndyMac Bancorp days before its collapse. California Attorney General Jerry Brown, on Thursday, sent a...

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Below are excerpts from a Los Angeles Times article explaining how troubled IndyMac borrowers are eligible to have their loans modified. According to the FDIC, the most important thing borrowers...

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According to an article that was just published on CNNMoney.com, the FDIC is going to offer a plan IndyMac mortgage borrowers that will modify loans for homeowners most at risk of foreclosure. The...

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In response to one of the comments left on my blog from earlier today (California's Ticking Option ARM Time Bomb, 8/19/08), here is a list of the top 10 states with the highest foreclosure rates and...

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"Optimists, look away now." This is the first sentence of a very brief article in last week's The Economist. The subhead reads "A nasty mortgage product promises yet more misery," and the title of...

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The American Dialect Society recognized subprime as the word of the year. The word subprime is familiar to many, whether they have a subprime mortgage or not, and is connoted with cheap --...

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NYU Economics Professor Nouriel Roubini or as the New York Times calls him, Dr. Doom, foresaw the eventual housing bust in September, 2006. He belonged to a minority group of economists who shared...

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CNNMoney.com published an article today that reiterates a point I brought up three months ago in a blog titled, "The Next Mortgage Crisis: Prime Borrowers." CNN's article relates how more borrowers...

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There is good news and bad news coming from Zillow.com's recent home value statistics for the Los Angeles area. The good news: If you purchased your current home in 2003, you're very likely not to...

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...This has been a lingering question for the last couple months, as housing bills have been signed, banks have failed, foreclosure rates continue to rise and home prices further depreciate. So...

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Bank of America, which acquired Countrywide in July, said in a regulatory filing yesterday that the Securities and Exchange Commission was conducting a formal inquiry of the lender and that it had...

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