""ForeclosureRadar"":http://www.foreclosureradar.com, an online company that tracks California foreclosures and provides daily auction updates, issued its California Foreclosure Report for November 2008 today. Despite the clear impact that California State Senate...
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Over $2 Trillion in Home Equity Stripped Away in 2008
...California. The Stockton region fared the worst during the first three quarters of 2008, with home values sliding 32.3 percent year-over-year. In the Merced metro, home values fell 31.2 percent...
Read More »Rep. Waters Introduces Legislation for Systematic Approach to Loan Modifications
""Rep. Maxine Waters"":http://www.house.gov/waters/ (D-California), chairwoman of the subcommittee on Housing and Community Opportunity and a member of the Financial Services Committee, introduced the Systematic Foreclosure Prevention and Mortgage Modification Act...
Read More »Identity Verification for Home Loans Now Provided in Real-Time
...to provide higher client service levels—three very important components of succeeding in today’s challenging market and a new environment for lending standards. p{=margin-bottom: 0in}. American Pacific Mortgage, a Roseville, California-based...
Read More »Attorney General Sues Mortgage Rescue Companies
...Services, Maitland, Florida - Home Foreclosure Solutions, Plainfield, Illinois - Foreclosure Experts, Chicago, Illinois - Mason Capital Group, Tarzana, California - StopMyForeclosure.net, Rockford, Illinois In each of the lawsuits, the...
Read More »National Loan Auditors Teams Up With Gulf Coast Law Center
Walnut Creek, California-based ""National Loan Auditors"":http://www.nlaudit.com (NLA), a company providing quality control, pre-close, and post-close auditing, risk assessment consulting and fraud prevention to the mortgage, legal, and banking industries, has...
Read More »Four More Banks Closed
...had 353 offices in California. It now adds Downey Savings' 170 branches in California and five in Arizona, as well as PFF Bank's 38 California branches. Downey Savings had total...
Read More »RealtyTrac: Foreclosure Activity Decreases 7 Percent in November
...down 25 percent from the previous month but up nearly 128 percent from November 2007. Other states with foreclosure rates ranking among RealtyTrac's top 10 were California, Michigan, Georgia, Ohio,...
Read More »NAR Forecasts Over 5 Million Existing-Home Sales in 2009
...including many Florida and California markets; Providence, Rhode Island; Lansing, Michigan; Oklahoma City; and Las Vegas. NAR President Charles McMillan, a broker with Coldwell Banker Residential Brokerage in Dallas-Fort Worth,...
Read More »Report: U.S. Housing Market Undervalued by 3.8 Percent
...than 10 percent in the third quarter in nine central California communities. The Central Valley communities of Merced, Stockton, and Modesto have seen property values fall to less than half...
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