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California Mortgage Loans 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 Loans News

  • Bank of America Mortgage Modification Efforts 8 Dec 2009 10:55 GMT
    ... CALABASAS, Calif., Dec. 7 -- Bank of America said ... long-term solutions to help distressed customers sustain homeownership," said Jack Schakett, credit loss mitigation strategies ... to 13,000. * Reassignment of hundreds of mortgage loan officers to serve as case workers ...

  • Tax changes proposed to aid smaller Madoff investors 8 Dec 2009 06:52 GMT
    ... a competing online The Republican candidate for California governor was the first witness in a ... the No. 2 U.S. maker of subprime mortgage loans. The company filed for bankruptcy protection ... Midlands Airport and cutting capacity at its home base, London's Luton airport, by 20 percent. ...

  • Business briefs: Jolt of GM's Volt is $700 million for Michigan 8 Dec 2009 06:51 GMT
    ... a technological and economic boost for its home state. GM's plant that straddles the border between ... Dodge and former controller David Kenneally. Irvine, Calif.-based New Century had been the No. 2 ... the No. 2 U.S. maker of subprime mortgage loans. It filed for bankruptcy protection in ...

  • SEC accuses 3 ex-New Century executives of fraud over subprime mortgage collapse 8 Dec 2009 02:45 GMT
    ... the No. 2 U.S. maker of subprime mortgage loans, extended to borrowers with inferior credit ... 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 ...

  • Subprime execs accused of fraud 7 Dec 2009 20:41 GMT
    ... the No. 2 U.S. maker of subprime mortgage loans, extended to borrowers with inferior credit ... 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 ...

  • Banks could face round of lawsuits over lending practices 7 Dec 2009 20:15 GMT
    ... another round of multistate lawsuits over their home lending practices, attorneys general told Legal Newsline. ... by attorneys general in multistate actions include Household Finance Corp. and Ameriquest Mortgage Co. The ... banks and federal thrifts to modify home mortgage loans. In their letter to U.S. Comptroller ...

  • SEC accuses 3 ex-New Century execs of fraud 7 Dec 2009 20:11 GMT
    ... the No. 2 U.S. maker of subprime mortgage loans, extended to borrowers with inferior credit ... 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 ...

  • SEC accuses 3 ex-New Century execs of fraud 7 Dec 2009 19:34 GMT
    ... the No. 2 U.S. maker of subprime mortgage loans, extended to borrowers with inferior credit ... 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 ...

  • Bank of America Provides Relief to More Than 600,000 Homeowners Through Mortgage Modification Efforts 7 Dec 2009 13:52 GMT
    ... Bank of America Provides Relief to More Than 600,000 Homeowners Through Mortgage Modification Efforts Bank Offers Assistance ... staffing to 13,000. Reassignment of hundreds of mortgage loan officers to serve as case workers ...

  • Bank of America Provides Relief to More Than 600,000 Homeowners Through Mortgage Modification Effort 7 Dec 2009 13:44 GMT
    ... Bank of America Provides Relief to More Than 600,000 Homeowners Through Mortgage Modification Efforts Bank of America ... to 13,000. -- Reassignment of hundreds of mortgage loan officers to serve as case workers ...

  • Anchor BanCorp ready for 'change in strategic direction,' president says 5 Dec 2009 20:42 GMT
    ... and son of the late, prominent local real estate developer Don Hovde. “Anchor’s got many fine ... years, Anchor made its reputation as the hometown, neighborhood resource that served Madison area residents ... that role, with 52 percent of its mortgage loans going to single-family homebuyers. By 2009, single-family ...

  • Trustee for former brewery files appeal 4 Dec 2009 08:47 GMT
    ... The three-year-old bankruptcy case involving the former Olympia Brewery property is headed to the 9th U.S. Circuit ... were paid to Bar K Inc., the mortgage loan broker for RE Loans, and Ng, Bar ...

  • Home for the holidays: Tragic irony for families in foreclosure 3 Dec 2009 17:40 GMT
    ... research and policy organization, studied first-lien, owner-occupied mortgage loans made to African-Americans. Of the 50 ... 58,474 foreclosures projected for 2009, followed by California with 32,297. However, when CRL analyzed foreclosures ... alone, 301,500 African-American families will lose their homes to foreclosure. By 2012, foreclosures for Black ...

  • Global Currency Warfare, Financial Markets Review 3 Dec 2009 17:23 GMT
    ... be, made a major error within the residential and commercial real estate bubbles. They couldn’t create enough virtual money ... Ocala Funding LLC, which provided funding for mortgage loans originated by Taylor, Bean & Whitaker. New ...

  • Own a Bank 3 Dec 2009 17:00 GMT
    ... of California owns about $200 billion in real estate, has $62 billion in various investments, and ... which it buys from local banks. Its residential loan portfolio is now $500 billion to ... can pay 6% for CDs, and make mortgage loans at 2%. For $6 per year in ...


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