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California Mortgage Crisis News

California Mortgage Crisis News is an EIN News Service for real estate professionals. Constantly updated news and information about California Real Estate.

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Latest California Mortgage Crisis News

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Affordable housing rises despite funding crunch: Woodland development Rochdale Grange saved through stimulus money 8 Dec 2009 09:54 GMT
... Luke Watkins had to shave his beard, given the amount ... banks and other investors abandoned during the credit crisis and housing collapse of the past year. ... eventually to have more than 4,000 new homes. A civil engineer who had worked with ...
Investors Get Their Wish As Fund Managers Begin to Trim Fees 8 Dec 2009 04:30 GMT
... Thanks to billions of dollars in losses on their real estate investments over the past year, many pension ... days of the mid-2000s that preceded today�s credit crunch, capital was free flowing and returns were ...
SEC accuses 3 ex-New Century executives of fraud over subprime mortgage collapse 8 Dec 2009 02:45 GMT
... records and the spark that ignited the home-loan bust. The company filed for bankruptcy protection ... March 2008 report, a court examiner in California found that New Century used improper accounting ... concealing the company's deteriorating finances as the mortgage crisis hit in 2007. The SEC has ...
SEC accuses 3 ex-New Century execs of fraud 8 Dec 2009 00:56 GMT
... records and the spark that ignited the home-loan bust. The company filed for bankruptcy protection ... March 2008 report, a court examiner in California found that New Century used improper accounting ... concealing the company's deteriorating finances as the mortgage crisis hit in 2007. The SEC has ...
Pimco Hires Franklin's Gudefin, Lahr in Push Into Stock Funds 7 Dec 2009 21:48 GMT
... Dec. 7 (Bloomberg) -- Pacific Investment Management Co. hired , ... and governments evaluate portfolios hurt by the credit crisis. “All these steps are part of Pimco’s ... Association of Insurance Commissioners to help assess home-loan investments held by insurance companies and the ...
Crisis in sovereign, commercial debt seen 7 Dec 2009 21:30 GMT
... DANA POINT, Calif., Dec 7 (Reuters) - The credit crisis that rocked U.S. residential mortgages and corporate credit markets may roil commercial real estate and sovereign debt markets ...
Bank of America says it modified 600,000 mortgages since January 2008 7 Dec 2009 19:28 GMT
... CALABASAS, Calif. (AP) - Bank of America Corp. said ... through loan modifications for more than 600,000 homeowners since January 2008. The renegotiated loans were ... $25 billion at the peak of the credit crisis last fall shortly after Lehman Brothers collapsed. ...
Bank of America says 600,000 mortgages modified 7 Dec 2009 19:20 GMT
... CALABASAS, Calif. (AP) -- Bank of America Corp. said ... through loan modifications for more than 600,000 homeowners since January 2008. The renegotiated loans were ... $25 billion at the peak of the credit crisis last fall shortly after Lehman Brothers collapsed. ...
Pension funds seek alternatives in hunt for yield 7 Dec 2009 15:50 GMT
... DANA POINT, Calif., Dec 7 (Reuters) - Large public pension ... senior managers and trustees said. The global credit crisis has put a squeeze on money managers ... but alternative investments in areas such as real estate and casinos may present opportunities, added J.P. ...
Books of the Year 6 Dec 2009 06:12 GMT
... Ordinary Thunderstorms by William Boyd (Bloomsbury). Quite simply our ... describes his family’s expulsion from their prosperous home in Jaffa in 1948, the mysterious death ... among London’s illegal workers and prefigured the credit crunch. A mature, bleak and beautifully crafted novel. ...
Obama, lawmakers target bailout fund for jobs bill 6 Dec 2009 04:33 GMT
... "> "> "> Obama, lawmakers target bailout fund for jobs bill ... expanded program to help make more U.S. homes energy efficient and mentioned trade measures and ... help for small businesses reeling from a credit crunch. After talks with Treasury Secretary Timothy Geithner ...
Obama pushes for plans to spark hiring 5 Dec 2009 07:34 GMT
... WASHINGTON — President Barack Obama's options for spurring job ... expanded program to help make more U.S. homes energy efficient and mentioned trade measures and ... help for small businesses reeling from a credit crunch. After talks with Treasury Secretary Timothy Geithner ...
Jobs plan will 'jump-start' hiring, Obama says 5 Dec 2009 00:51 GMT
... ALLENTOWN, Pa. - President Barack Obama says a drop ... expanded program to help make more U.S. homes energy efficient and mentioned trade measures and ... help for small businesses reeling from a credit crunch. After talks with Treasury Secretary Timothy Geithner ...
AP: Bailout fund for jobs bill up next 4 Dec 2009 22:38 GMT
... AP: Bailout fund for jobs bill up next ALLENTOWN, Penn. ... expanded program to help make more U.S. homes energy efficient and mentioned trade measures and ... help for small businesses reeling from a credit crunch. After talks with Treasury Secretary Timothy Geithner ...
Obama: Jobs plan will 'jump-start' hiring 4 Dec 2009 19:28 GMT
... ALLENTOWN, Pa. - President Barack Obama says a drop ... expanded program to help make more U.S. homes energy efficient and mentioned trade measures and ... help for small businesses reeling from a credit crunch. After talks with Treasury Secretary Timothy Geithner ...

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Pictures of the Day

reuters.com:
SEC Charges Ex-New Century Execs in Subprime Case
Subprime Mortgage News

timesonline.co.uk:
Homeowner Bailout Plan May Not Stop U.S. Housing Market Crash
United States Housing Market Downturn News

ecreditdaily.com:
Bernanke: Tight Credit Still Hurts Households, Small Businesses
Ben Bernanke & Real Estate News

bloomberg.com:
Bank of Canada Rates in House Boom Prompt Bubble Talk
Canada Real Estate News

nzherald.co.nz:
New Zealand: Is the Country Facing Another Housing Boom?
New Zealand Housing Boom News

news.com.au:
Australia: No One Will Lose Their House, Westpac Says
Australia Real Estate News

hispanicbusiness.com:
Reverse Mortgage Popularity on Rise
Reverse Mortgages News

thisismoney.co.uk:
Three Traps That Stop You Moving Home
Housing Market News

nationalmortgageprofessional.com:
Man Sentenced to 30 Months for Mortgage Fraud Scheme
Mortgage Fraud News

nytimes.com:
Berlin Real Estate Holding Firm
Germany Berlin Real Estate News

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BusinessWeek names Tinley Park, Ill., 'Best Place in America to Raise Kids' [23 Nov 2009]

Florida commercial property Answer- Real Estate Subleasing Tip! [20 Nov 2009]

Austin Real Estate Broker Kenn Renner of BuyAustin.com Alert - First Time Homebuyer Credit extension Update! [16 Nov 2009]

West Palm Beach commercial real estate broker offers key points to remember when refinancing a commercial property mortgage [16 Nov 2009]

Choice Home Mortgage Services announces Reverse Mortgage Specialist, Frank Miller, has joined their exclusive Long Island Reverse Mortgages team. [26 Oct 2009]

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EIN News Columnists

The Success of Obama's Strategy Depends on A Very Shaky Pakistan (Joe Rothstein's Commentary) [05 Dec 2009 - 02:57]
Britain's Officials Tell The Truth About the White House Lies That Led to Iraq (Joe Rothstein's Commentary) [30 Nov 2009 - 20:38]

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Buying and Selling News

New rules may speed up short sales [09 Dec 2009 - 01:01]
Fitch Rates Vermont Housing Finance Agency's $102MM 2009A Escrow Bonds 'AAA' [08 Dec 2009 - 23:32]
Regional Spotlight: Connecticut Home Sales Rise 11.5% in October 2009; Condo Sales Increase 10% [08 Dec 2009 - 22:56]
Patton Earns NAR Short Sales and Foreclosure Certification [08 Dec 2009 - 20:16]
LV home prices rise as sales take seasonal fall [08 Dec 2009 - 20:14]

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Housing Market News

Foreclosure fraud fighters exempted from state furloughs [09 Dec 2009 - 01:01]
Treasury to press mortgage firms on foreclosure prevention [09 Dec 2009 - 01:01]
Dubai World Loses W Hotel In Union Square In Foreclosure Auction [09 Dec 2009 - 00:43]
White Paper Sees Strategic Defaults Rise with Negative Equity [09 Dec 2009 - 00:17]
Dubai World loses control of W Union Square in New York in foreclosure auction [08 Dec 2009 - 23:57]

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Institutions News

Texas Association of Realtors Names Travis Kessler CEO [08 Dec 2009 - 21:25]
Federal Housing Administration's condo financing rules already scuttling projects [08 Dec 2009 - 20:49]
LandAmerica Financial Group, Inc. (LFGRQ: Pink Quote) | Deleted Symbol [08 Dec 2009 - 18:14]
Raleigh Regional Association Of REALTORS® Names Hall of Fame Award Recipients [08 Dec 2009 - 06:39]
South Florida Green Realty Realtor® Achieves National Association of Realtors® Green Designation [08 Dec 2009 - 06:39]

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Mortgage Lenders News

Northern Rock reform goes ahead in January [08 Dec 2009 - 23:59]
Fannie Mae to redeem about $540M of securities [08 Dec 2009 - 20:20]
No compensation for Northern Rock investors [08 Dec 2009 - 20:17]
Northern Rock shareholders stiffed [08 Dec 2009 - 19:43]
Northern Rock shares worthless, says valuer [08 Dec 2009 - 18:47]

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Property Developers News

With capital scarce, MOC aims to make fund-raising easier for property developers [09 Dec 2009 - 01:01]
ING Real Estate Community sells off US and Canadian seniors [08 Dec 2009 - 18:14]
China's Evergrande sees prop sales up 50 pct in 2010 [08 Dec 2009 - 12:32]
HKEx: Admission Of Evergrande Real Estate Group Ltd To List Of Designated Securities For Short Selling [08 Dec 2009 - 11:33]
China's Evergrande sees home sales up 50 pct in 2010 [08 Dec 2009 - 09:42]

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Real Estate Brokers News

Magazine calls DaVita, Re/Max 'military friendly' employers [08 Dec 2009 - 23:59]
Natick Re/Max collecting coats for needy people [08 Dec 2009 - 20:16]
Menards Joins Re/Max as Co-Presenting Title Sponsor of ARCA Series in 2010 [08 Dec 2009 - 16:47]
Menards, RE/MAX Named Presenting Sponsors [08 Dec 2009 - 15:45]
ZipRealty Introduces Free iPhone Application Enabling Mobile House-Hunting in More Than 4,800 Locati [08 Dec 2009 - 15:12]

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Real Estate Financing News

Mortgage Rates in U.S. Decline to Record Low [09 Dec 2009 - 00:16]
Royal Bank and TD lower some mortgage rates, leaves most unchanged [08 Dec 2009 - 23:56]
Mass. Mortgage Rates Creep Back Up To 4.7 Percent [08 Dec 2009 - 23:52]
JPMorgan CEO Dimon says expect additional losses on credit cards and home loans in 2010 [08 Dec 2009 - 23:29]
Shinseki Says VA's Home Loan Program a 'Continued Success' [08 Dec 2009 - 22:46]

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Real Estate Miscellaneous News

Syracuse Mortgage Underwriter to Pay United States Nearly $679,000 to Resolve Mortgage Fraud Allegations (PRN) [08 Dec 2009 - 23:57]
Ohio House passes bill to require insurance companies to cover treatment of autism [08 Dec 2009 - 23:56]
Syracuse Mortgage Underwriter to Pay United States Nearly $679,000 to Resolve Mortgage Fraud Allegations [08 Dec 2009 - 23:54]
State House votes to mandate insurance coverage for autism, diabetes [08 Dec 2009 - 23:29]
Webster man pleads guilty to $7M mortgage fraud [08 Dec 2009 - 22:56]

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