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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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  • 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 ...

  • 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 ...

  • 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 ...

  • Federal Home Loan Bank of San Francisco Releases October 2009 Cost of Funds Index 30 Nov 2009 23:30 GMT
    ... SAN FRANCISCO--(BUSINESS WIRE)-- The Federal Home Loan Bank of San Francisco announced November ... for a given month by the Arizona, California, and Nevada savings institutions members of the ... Changes in interest rates on adjustable rate mortgage loans offered by many financial institutions are ...

  • 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 ...

  • Why Obama Won't Do What's Needed to Deal With the Mortgage Crisis 2 Dec 2009 18:17 GMT
    ... equity in excess of 25%. The total residential mortgage debt in Nevada is 1.14 times ... problems of 10 to 15 million individual mortgage loans. The financial incentives are too fragmented and ... the property's current market value. Each delinquent mortgage loan is a multi-layered story. Some borrowers took ...

  • 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 ...

  • BUYINS.NET: TOL, AMSWA, CPWM, GRAN, XETA Expected To Be Lower After Earnings Releases on Thursday 1 Dec 2009 17:37 GMT
    ... single-family detached and attached homes in luxury residential communities in the United States. It also ... time deposits, and certificates of deposit; and real estate, agricultural, construction, financial, commercial or business related, ... and sale of residential and real estate mortgage loans to individuals. It specializes in government guaranteed ...

  • Canyon Capital Makes Strategic Downtown Chicago Hotel Acquisition - Plans Already in the Works for Renovation and Reposi 2 Dec 2009 14:30 GMT
    ... asset in an all-cash deal from a real estate mortgage investment conduit (REMIC). Formerly, Hotel 71 ... encompass a diverse mix of real estate property types including retail, entertainment, multi-family, industrial, office, ... hospitality, land, mobile home and mixed-use and mortgage loans secured by such property types. For Canyon ...

  • Canyon Capital Makes Strategic Downtown Chicago Hotel Acquisition - Plans Already in the Works for Renovation and Repositioning 2 Dec 2009 14:31 GMT
    ... asset in an all-cash deal from a real estate mortgage investment conduit (REMIC). Formerly, Hotel 71 ... encompass a diverse mix of real estate property types including retail, entertainment, multi-family, industrial, office, ... hospitality, land, mobile home and mixed-use and mortgage loans secured by such property types. For Canyon ...

  • BUYINS.NET: CMTL, UTIW, DMND, NASB Expected To Be Higher After Earnings Releases on Thursday 1 Dec 2009 17:37 GMT
    ... certificates of deposit. Its loan portfolio comprises mortgage loans secured by multifamily, construction, development, and commercial ... secured by multifamily, construction, development, and commercial real estate properties; non-mortgage commercial loans; installment loans; construction ... installment loans; construction and land development loans; residential loans; and consumer installment loans and lease ...

  • CMTL, UTIW, DMND, NASB Expected To Be Higher After Earnings Releases on Thursday 1 Dec 2009 19:39 GMT
    ... certificates of deposit. Its loan portfolio comprises mortgage loans secured by multifamily, construction, development, and commercial ... secured by multifamily, construction, development, and commercial real estate properties; non-mortgage commercial loans; installment loans; construction ... installment loans; construction and land development loans; residential loans; and consumer installment loans and lease ...

  • Toll Brothers Reports 4th Qtr and FY 2009 Results (GNW) 3 Dec 2009 10:30 GMT
    ... and attached home communities, master planned luxury residential resort-style golf communities and urban low-, mid- ... Marketable treasury securities 101,176 Inventory 3,183,566 4,127,475 Property, construction and office equipment, net 70,441 86,462 ... prepaid expenses and other assets 95,774 113,762 Mortgage loans receivable 43,432 49,255 Customer deposits held in ...

  • Toll Brothers Reports 4th Qtr and FY 2009 Results 3 Dec 2009 10:30 GMT
    ... and attached home communities, master planned luxury residential resort-style golf communities and urban low-, mid- ... Marketable treasury securities 101,176 Inventory 3,183,566 4,127,475 Property, construction and office equipment, net 70,441 86,462 ... prepaid expenses and other assets 95,774 113,762 Mortgage loans receivable 43,432 49,255 Customer deposits held 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 ...


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