News PhotosLocal Headlines
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Alleged Ponzi scheme: Santa Maria mortgage exec face...
Monday Jun 22 | via SanLuisObispo.com
Accusations of fraud continue to be leveled against Mike L. Wilson, a 55-year-old Santa Maria mortgage business owner with many San Luis Obispo County clients and real estate investments. Comment?
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Biz Buzz: County's median home price up a little
Thursday Jun 18 | via SanLuisObispo.com
San Luis Obispo County's median price dropped nearly 15 percent in May compared to the same month a year ago. Comment?
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Lawyers of Estate Financial lenders seek frozen cash
Jun 9, 2009 | via SanLuisObispo.com
The San Luis Obispo County District Attorney's Office is fighting attempts by two jailed Estate Financial mortgage lenders to pay for their criminal defense through money the state claims is owed to their victims. Comment?
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Biz Buzz: State accuses North County's Real Property...
Jun 6, 2009 | via Sun-Bulletin
North County lenders Rod Jarmin and Tammy M. Jordan have been accused by the state's Department of Real Estate of substantial misrepresentation of material facts, fraud and dishonest dealings. Comment?
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Feds act on local bank's 'unsound' practices
Jun 4, 2009 | via SanLuisObispo.com
Los Padres Bank, a savings bank with four San Luis Obispo County locations, and its holding company, Harrington West Financial Group, have entered into a supervisory agreement with regulators. Comment?
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Regional Headlines
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Poor leave Calif. at higher rate than rich
3 hrs ago | via Rock Hill Herald
The poor are more likely to leave California than the rich, despite concerns that the state's relatively high income tax rate is driving away the wealthy, a new study shows. Comment?
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Bay Biz Buzz: New home sales sink in state
3 hrs ago | via Ledger Dispatch
Sales of new homes plunged statewide in May compared with the year before - and the decline was even worse in the East Bay and South Bay - according to a new survey released Friday by the California Building Industry Association. Comment?
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Poor no longer California dreamin'?
3 hrs ago | via MSNBC
Wounded vets get back into the swing A A July 10: Making a Difference: Iraq war veteran Tim Bombke lost his lower right leg in the line of duty, but that didna TMt prevent him from taking up golf at the American Lakes Veterana TMs course, where wounded vets are linking up and readjusting to life at home. Comment?
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California's Budget `Incompetence' Has Community Ban...
8 hrs ago | via Bloomberg Business News
Californiaa s government-issued IOUs have put community banks in a no-win situation. Comment?
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California Major Banks Won't Accept California IOUs ...
13 hrs ago | via SF Sentinel
Louie Sanchez watches the printing of IOUs to be issued by the state controller's office. Comment?
National Headlines
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45-64s hardest hit by recession
5 min ago | via Deeside Today
People in the run-up to retirement have been hardest hit by the recession due to the double impact of rising unemployment and falling asset values, research shows. Comment?
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Prudential Dinning-Beard acquires Stucky and Associates
6 min ago | via The Wichita Eagle
WICHITA _ Stucky and Associates has been acquired by Prudential Dinning-Beard, officials of the two real estate companies said today. Comment?
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Foreclosure alternatives programs
32 min ago | via The Summit County Journal
The Foreclosure Alternatives program will help prevent costly foreclosures by providing incentives for servicers and borrowers to pursue short sales and deeds in lieu of foreclosure in cases where a borrower is eligible for a Making Home Affordable modification but unable to complete the modification process. Comment?
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Rational ratios: The old days are long gone
33 min ago | via The Summit County Journal
When I started in the mortgage lending profession many years ago borrowers with bad credit had to meet the same requirements as those who had great credit. Comment?
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'Wachovia'-to-'Wells Fargo' name change may take a w...
11 min ago | via PilotOnline.com
Click a thumbnail to view the full-size image. Buy Pilot photos here. Loading... Close Gallery Though Wachovia Securities became part of Wells Fargo Advisors earlier this year, new Well Fargo signage won't appear on Wachovia branches in the mid-Atlantic region until late next year or early 2011. Comment?
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