CALIFORNIA MORTGAGE News, Sports, Shopping, Travel information

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California Unemployment Rate Soars To 7.7% In August - Los Angeles Times
peggy mathison, a 20-year veteran of the southern california mortgage industry, knows something about patience in tough times. she's been looking for a job since being laid off as a $44-an-hour independent contractor a year ago. the jump from 7.4% in ...
www.latimes.com

Mortgage Help Being Shifted Away From Ohio
if the $700 billion mortgage-lender bailout leaves you shaking your head, wondering when struggling homeowners will get theirs, consider this:
www.dispatch.com

Schwarzenegger: California Is Broke, Could Need Big Loan
gov. arnold schwarzenegger says california may need to turn to the federal government for short-term borrowing if the credit market doesn't loosen up soon.
www.nbc11.com

Prosecutor Becomes Figure In Mortgage Mess - Washington Post
los angeles (reuters) - thomas o'brien, the u.s. attorney for california's central district, is emerging as a likely prosecutor in criminal cases expected from the u.s. mortgage meltdown. in the past, he has faced gang members in court and since ...
www.washingtonpost.com

California: "primed" For More Mortgage Mess, And Your Emails - Cnbc
i went on "the call" with news from a lehman bros. report suggesting that the housing downturn will be worse in california than the rest of the country (duh), and that it will be worse than the downturn of the early '90s (uh-oh). i lived through that ...
www.cnbc.com

What California Can Teach Us About The Crisis [freakoutnomics]
california has always fostered a kind of insane optimism that strikes outsiders as absurd and delusional and actually kind of sick. my favorite symbol of this, when i lived there, was rent a wheel,...
gawker.com

Foreclosures: Did God Want You To Get That Mortgage?
as the real-estate led financial crisis deepens, experts accuse rags-to-riches theology of creating sub-prime interest victims
news.yahoo.com

Web Extra: Accelerate Mortgage Payments? - Cnbc
david in california has two mortgages and is wondering if he can accelerate his payments to pay them off. watch the video to see what carmen proposes instead. terms of submission: thank you for emailing cnbc. because of the high volume of e-mail, we ...
www.cnbc.com

Lenders That Have Closed Shop, - Wall Street Journal
more than 80 mostly subprime mortgage lenders -- those that make home loans to the riskiest borrowers with questionable credit -- have closed shop since the end of last year as clients defaulted on payments and banks cut off the funding required to ...
online.wsj.com

Mortgage Help Has Shifted From Ohio To Coastal Cities, Sunbelt
if the $700 billion mortgage-lender bailout leaves you shaking your head, wondering when struggling homeowners will get theirs, consider this: homeowners got some help more than a year ago. it was far less dramatic than today's proposal, and a dispatch analysis of the latest data shows that ohioans' share is shrinking. the help arrived in 2007, when the federal government pushed lenders to ...
www.dispatch.com

New York Mortgage Banker Sentenced To Probation In Former Calif. Congressman's Bribery Case
san diego - a new york banker has been sentenced to probation and community service on charges related to a corruption case against a former california congressman.
www.startribune.com

State Mortgage Woes Grow Worse - Seattle Post Intelligencer
the gap between washington and the country as a whole when it comes to the mortgage crisis is shrinking but still large, according to a new report. in washington, 3.4 percent of all mortgages were at least 30 days past due on payments during the ...
seattlepi.nwsource.com

Lehman Had Long Relationship With Suspect Mortgage Brokers - Abc News
lehman brothers was identified eight years ago by abc news and the new york times as doing business with a company suspected of writing fraudulent mortgages and cheating consumers, but lehman brothers company defended its ongoing relationship as ...
abcnews.go.com

California And Florida Homes Top Risks For Price Drops
california and florida cities top the list of those under the risk of future plummeting home prices in the next two years, a report said wednesday.
news.yahoo.com

Leader Of Mortgage Association Faces Fraud Lawsuit
a california mortgage banker whose business failed a year ago amid the housing collapse and is facing a fraud and embezzlement lawsuit by former branch managers is now leading the industry's effort to lobby congress for the $700 billion wall street bailout. read comments
www.fresnobee.com

Wachovia "almost Done"paring $20 Billion From Books - Reuters
new york (reuters) - wachovia corp (wb.n: quote , profile , research , stock buzz ), which has been battered by mortgage losses, is "almost done" paring $20 billion of loans and securities from its balance sheet, a process it had hoped to complete by ...
www.reuters.com

Wachovia 'almost Done' Paring $20 Bln From Books - Guardian Unlimited
steel became chief executive of the charlotte, north carolina-based bank in july. he replaced ken thompson, who was ousted after a series of setbacks and an ill-timed $24.2 billion purchase of california mortgage lender golden west financial corp in ...
www.guardian.co.uk

Leader Of Mortgage Association Faces Fraud Lawsuit
tue, sep 30, 2008 (5:03 p.m.) a california mortgage banker whose business failed a year ago amid the housing collapse and is facing a fraud and embezzlement lawsuit by former branch managers is now leading the industry's effort to lobby congress for the $700 billion wall street bailout.
www.lasvegassun.com

State Orders Mortgage Co.: Stop Illegal Programs
first call mortgage co.inc. and mdash; an andover company the state says has used deceptive business practices and improperly sold reverse mortgages to seniors and mdash; was given a cease and desist order by the state division of banks last week.
www.andovertownsman.com

Florida, California Driving Mortgage Delinquency Rate - Orlando Business Journal
california, florida driving mortgage delinquency rate dynamics of long-running mortgage crisis shift hawaii’s largest banks raise mortgage rates mortgage loan delinquency rates in florida and california are driving the nation's residential ...
orlando.bizjournals.com