Discovery Bay, California-based ""ForeclosureRadar"":http://www.foreclosureradar.com, a company that tracks foreclosure auctions, said this week that the number of California homes auctioned off as foreclosures increased 55-percent in January, reaching a total...
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New Foreclosure Prevention Plan Draws Praise, Criticism
...six of the nation's largest mortgage servicing platforms, the plan has drawn both praise and criticism. Ted Lieu, who chairs California's State Assembly Committee on Banking and Finance, criticized the...
Read More »Countrywide Partners with ACORN
Calabasas, California-based ""Countrywide Financial Corp."":http://my.countrywide.com is partnering with the Association of Community Organizations for Reform Now (ACORN) to increase the level of aid offered to distressed borrowers with subprime loans....
Read More »OFHEO Director Sees Dangers in Economic Stimulus Package
...the fact that underwriting jumbo loans--most of them based in California--will require new models and standard modes of operation to ensure safety. ""Capital also would present challenges even if all...
Read More »Ellie Mae Releases Encompass Banker Edition 3.0 and Encompass Custom Edition 3.0
Pleasanton, California-based ""Ellie Mae"":http://www.elliemae.com/aboutus/pr_012808.asp has released new editions to its Encompass Banker and Encompass Custom programs, which are both part of the company's Encompass Mortgage Management Solution. Ellie Mae says...
Read More »Fannie Mae CEO: We Are Not in a Steady Environment
...hit areas like the Upper Midwest, Florida and California considerably, according to Mudd's speech. Despite some of the gloom, Mudd speckled his report with several positive points. ""Accordingly, I think...
Read More »A California Bill Monitoring Loss Mit Moves Forward
...their home retention strategies and success rates to public officialsx At least that's the question California Assemblyman Ted Lieu (D-Torrance) has been asking for a few weeks—and now he has...
Read More »RealtyTrac: Foreclosure Activity Up 75-Percent
...national average, while Florida and Michigan ranked second and third in the nation, respectively, for their foreclosure rates. When measuring overall foreclosure filings, RealtyTrac ranked California at the top of...
Read More »National City Corp. Faces Subprime-Related Lawsuit
San Diego, California-based ""Coughlin, Stoia, Geller, Rudman & Robbins LLP"":http://www.csgrr.com., has filed a class action lawsuit in a United States District Court against ""National City Corp.,"":http://www.nationalcity.com claiming the company misled...
Read More »Home Prices Faring Well in Certain Markets
...Cleveland-Elyria-Mento, Ohio; Tampa-St. Petersburg-Clearwater, Florida; Phoenix-Mesa-Scottsdale, Arizona; Orlando-Kissimmee, Florida; Miami-Fort Lauderdale-Miami Beach, Florida; Oakland-Fremont-Hayward, California; Las Vegas-Paradise, Nevada; Los Angeles-Long Beach-Santa Ana, California; San Diego-Carlsbad-San Marcos, California; Riverside-San Bernardino-Ontario, California....
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