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MORE ON: mortgage

Daily Report: Health and Welfare, Money and Politics

Seniors in San Joaquin Valley face foreclosures

September 5, 2012, 12:05 AM
It’s not news to residents of the eight-county San Joaquin Valley that the area has been hard hit economically since 2008, when the housing bubble deflated. Many neighborhoods show signs of neglect as people unable to meet their mortgage obligations lose their homes to foreclosure. Among... + read more
Daily Report: Money and Politics

Mortgage relief plan embraced in Berkeley has links to Occupy

August 6, 2012, 12:05 AM
The Berkeley City Council has thrown its support behind a growing group of activists, public officials and entrepreneurs calling upon governments to seize mortgages to provide relief to financially troubled homeowners. The idea of using governments’ powers of eminent domain to... + read more
Daily Report: Money and Politics

Firm's mortgage bailout plan relies on local government seizures

July 17, 2012, 12:05 AM
Former San Francisco Mayor Willie Brown and a longtime business partner are among investors in a company drawing criticism for working with local government officials to take over and discount underwater mortgages. The plan gained impetus last month, when officials in San Bernardino... + read more
Daily Report: Money and Politics

Risk of foreclosure looms over 700,000 Californians

June 27, 2012, 1:21 PM
California’s housing crisis isn't over, with 11 percent of borrowers in the state at risk of foreclosure, according to a new report released this week by the nonprofit Center for Responsible Lending, a Washington-based think tank. The report found nearly 700,000 California homeowners... + read more
Daily Report: Money and Politics

Mortgage relief still far off for many Californians

June 7, 2012, 12:05 AM
New rules designed to speed relief to struggling California homeowners may not bring quick assistance after all. That's because Fannie Mae is not yet participating in a $779 million state program to reduce mortgages for Californians who owe more on their homes than they are worth. On May 7... + read more
Daily Report: Money and Politics

Foreclosure mediation could save billions

February 16, 2012, 12:05 AM
New research says it pays to help struggling homeowners. Thousands of Californians have lost their homes during the housing crisis, wreaking havoc on families, as well as state and local government property tax revenue. But there is an inexpensive solution, according to a report released last... + read more
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