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Thousands Flock to Cal Expo for Mortgage Help
The Neighborhood Assistance Corporation of America’s “Save the Dream” event starts at 9 a.m. today. Counselors from the Boston-area nonprofit will be on-site around the clock through 8 p.m. Tuesday, working with consumers and lenders to avoid home foreclosures. Read the rest of the Sacramento Bee Article>
Continue reading...Bank of America Halts Foreclosures
8. October 2010
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As some of the nation’s largest lenders have conceded that their foreclosure procedures might have been improperly handled, lawsuits have revealed myriad missteps in crucial documents. Read the entire New York Times Article>
Continue reading...Top 10 Western Cities Where Homes Are Losing Most Value
22. December 2009
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Merced, Stockton and Modesto top Forbes Magazine’s list of cities where homes are losing the most value. Of the top ten cities, eight are in California. See the entire list here> Read the entire Forbes Magazine article here>
Continue reading...Local Home Buyers Finding Themselves Outbid
14. December 2009
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Prospective home buyers might expect good prices for homes in the Sacramento area in the wake of the foreclosure crisis, but a new trend is emerging: Bay Area investors are sucking up Sacramento real estate and turning them into rentals. Read the rest of the article here>
Continue reading...Mortgage Rates Fall to New Low
3. December 2009
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Long-term mortgage rates fell to a new low this week, with a 30-year fixed-rate mortgage averaging 4.71 percent in the week ending Dec. 3, the lowest rate since at least 1971, when Freddie Mac started keeping track. A year ago, 30-year fixed-rate mortgages averaged 5.53 percent. For homeowners who can afford a higher monthly payment, 15-year fixed-rate [...]
Continue reading...Schwarzenegger Signs Seven Mortgage Laws
13. October 2009
In a flurry of end-of-session bill signings, Gov. Arnold Schwarzenegger approved seven new laws that provide a range of consumer protections to home-mortgage holders and may allow some to hold on to their houses. Read the rest of the LA Times article here>
Continue reading...CA Posts Third Highest Foreclosure Rate in August
10. September 2009
California had the nation’s third highest state foreclosure rate during August, with one in every 144 housing units receiving a filing, according to online foreclosure marketplace RealtyTrac. California REOs dropped 32 percent from the previous month, but the state continued to post the highest overall total of any state, with 92,326 properties receiving a foreclosure filing [...]
Continue reading...Visionary Home Builders Offering Homebuyer Education Classes
26. August 2009
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(Stockton, CA) Visionary Home Builders is offering Homebuyer Education Classes at their Homeownership Center every Saturday. The one-day class reviews all aspects of home purchase, including understanding credit scores and good faith estimates, budget analysis, housing payment affordability, and how to develop your home buying team. The Homebuyer Education Class satisfies the Housing and Urban Development [...]
Continue reading...Sacramento-area Prosecutors Focus on Mortgage Fraud Crime
10. August 2009
Prosecutors in the Sacramento area have taken varying approaches to the surge in real estate fraud. Some, such as El Dorado County, have devoted more resources, while others have used existing anti-fraud units. Nationwide, the number of suspected cases of mortgage loan fraud has increased from 52,868 in 2007 to 64,816 in 2008, the FBI [...]
Continue reading...Why Are Mortgage Rescue Plans Slow to Materialize?
3. August 2009
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About a month after taking office, President Barack Obama launched an effort to keep as many as 9 million homeowners out of foreclosure in a major federal effort to stabilize the U.S. housing market. What kind of impact has this plan, backed by $50 billion from the financial industry bailout fund, had on the housing [...]
Continue reading...Take Action
- Thousands Flock to Cal Expo for Mortgage Help
- Bank of America Halts Foreclosures
- Top 10 Western Cities Where Homes Are Losing Most Value
- Local Home Buyers Finding Themselves Outbid
- Mortgage Rates Fall to New Low
- Schwarzenegger Signs Seven Mortgage Laws
- Free “Take Control” Workshop
- Watch FRONTLINE: Close to Home
- Watch FRONTLINE: The Warning
- CA Posts Third Highest Foreclosure Rate in August
© 2009 KVIE Facing the Mortgage Crisis
in Partnership with the CPB.
8. October 2010
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