California updates tagged with 'foreclosure'

Barack Obama and John McCain have both stressed the need for greater transparency and imposing capital requirements on financial institutions since the debacles at Bear Stearns, IndyMac and Fannie...

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Senators Barack Obama and John McCain want to go after predatory lenders. Senator Obama, contrary to Alaskan Governor Sarah Palin's claims about his Senate record in her acceptance speech at the...

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Barack Obama and John McCain both support efforts to stabilize mortgage finance giants Fannie Mae and Freddie Mac, but only if needed and because both government sponsored entities are central to...

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Barack Obama wants to see the government step in to help homeowners facing foreclosure. John McCain, who several months ago stated he wouldn't support a foreclosure bailout, has recently changed his...

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Below is information, provided by The OC Register, on California State Senate and Assembly bills that have been voted on within the last six weeks. Some have passed, some have not. A reporter for...

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Reuters and Bloomberg both reported today that GMAC's Home Loan Unit will fire 5,000 employees, or 60 percent of its staff, and close all 200 GMAC Mortgage retail offices because of "weak real...

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According to Guy Cecala, the publisher of Inside Mortgage Finance, who was interviewed for a Forbes article examining the failures of the FHASecure program, "FHASecure was a PR-driven program...

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The housing market continues to struggle, the economy is still sputtering, another wave of foreclosures will start at the end of this year and, overall, the Case-Shiller index (and it's 10-city...

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An FBI official, back in September, 2004, three years before the first wave of foreclosures hit the housing market, made a then chilling and portent observation: The booming mortgage business,...

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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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I came across this AP article this morning about Warren Buffett's new documentary (he financed the project) titled: I.O.U.S.A.

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Since news broke yesterday that the FDIC plans on modifying existing IndyMac borrowers' loans that are at risk of defaulting, I've noticed on several news sites (comments section), blogs, and...

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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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