California Real Estate News
Real Estate news for California, MD continually updated from thousands of sources.
Sep 18, 2014 | via The Jersey Journal
A scary number, but it's better than the national average, according to a recent study by The Urban Institute. The study, based on credit reports from TransUnion, found 35 percent of Americans have debts in collections, compared to 29.3 percent of New Jerseyans. Comment?
Sep 4, 2014 | via Daily Herald
Older homeowners often ask their grown children to help draft a will or living trust, but problems can arise if parents live in one state and the kids live in another. Q. I live in Texas, but my parents retired to Florida several years ago, and their home and all of their other assets are there. Comment?
Aug 8, 2014 | via Inside Bay Area
California consumers rank among the nation's biggest spenders on housing and the lowest spenders on energy, according to new government data. Comment?
Aug 7, 2014 | via Los Angeles Times
Consumers in California are among the heaviest spenders in the country for housing and utilities but spend less than the national average for healthcare, energy, and food and beverages, according to new government data. Comment?
Yesterday | via Overlawyered
Back in 2009, policy makers treated mortgage servicers like a pinata. They beat on servicers to provide foreclosure relief, loan modifications, and so forth. Comment?
Friday Jan 23 | via Inman
Wells Fargo has agreed to pay $34.8 million to settle allegations that more than 100 loan officers in at least 18 branches steered thousands of mortgage borrowers to a Maryland-based title company in exchange for kickbacks in the form of valuable marketing services and cash. JPMorgan Chase will also pay $900,000 to resolve a complaint by regulators that at least six Chase loan officers participated in the kickback scheme allegedly employed by Genuine Title. Comment?
Friday Jan 23 | via Herald Gazette
Government regulators have ordered Wells Fargo and JPMorgan Chase to pay $35.7 million to settle charges for their part in an illegal mortgage marketing kickback scheme that involved a title company that sought consumer referrals from lenders in exchange for cash. On Thursday, the Consumer Financial Protection Bureau and the Maryland Attorney General's Office accused a former title company, Genuine Title, of offering the banks' loan officers cash, marketing materials, and other consumer information in exchange for business referrals. Comment?
Thursday Jan 22 | via Washington Examiner
Wells Fargo and JPMorgan Chase will pay a combined $36 billion to settle charges that they took kickbacks from a real estate business, the Consumer Financial Protection Bureau announced Thursday. The CFPB and the Maryland Attorney General's office took action against the two banks for an illegal marketing kickback scheme in which the banks received money, marketing materials and customer information from a company called Genuine Title in exchange for referrals for their business. Comment?
Thursday Jan 22 | via Huntington News
The Bureau and Maryland also took action against former Wells Fargo employee Todd Cohen and his wife, Elaine Oliphant Cohen, for their involvement. Genuine Title gave the banks' loan officers cash, marketing materials, and consumer information in exchange for business referrals. Comment?
1 min ago | via CBS News
Tens of millions of people along the East Coast hunkered down for a storm that for most was apparently failing to live up to predictions of being one of the worst they'd ever seen. Forecasters originally said the storm could bring 1 to 3 feet of snow and punishing hurricane-force winds. Comment?
11 min ago | via This is The West Country
TWO thirds of people living in the South West believe their household finances could cope with a rise in the mortgage base rate, according to a new survey. With experts predicting a first rise in the base rate towards the end of the year or in early 2016, 64 per cent of people surveyed said it would only impact their monthly budget a little or not at all. Comment?
17 min ago | via Seeking Alpha
It has been a long time since currency moves have dominated the investment landscape. Perhaps that is because in the post-2008 world economy, Central Banks and governments had instituted a policy of unprecedented cooperation and transparency in response to the global economic meltdown. Comment?
25 min ago | via WJRT
A nonprofit that offers free home repair services in Oakland County is expanding its annual Rebuild Day events to two weekends. To qualify, applicants must own their home and be current on mortgage payments and taxes. Comment?
25 min ago | via Business Journal
A total of 40,221 homes in the Dayton market, or 19 percent of mortgage holders, are seriously underwater with their mortgages, according to RealtyTrac's Home Equity and Underwater Report. That means the loans on the home are worth more than 25 percent of the home's current market value. Comment?
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