Tag Archives: Bailout

Rep. Campbell’s Opening Statement at Today’s Financial Services Hearing on …

“However, perhaps worst of all is that using eminent domain to seize mortgages is not only legally questionable, but also represents a complete abrogation of private property rights. The lenders and investors that a sustainable housing finance system relies on … Continue reading

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REAL ESTATE: Homeowner protests “dual tracking” – Press

Bessie Johnson thought she did everything right to retain ownership of the home she modernized over the past two decades in her quaint Arlington area neighborhood in Riverside. Not long after her husband became unemployed, Johnson said she notified the … Continue reading

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REAL ESTATE: Homeowner protests “dual tracking” – Press

Bessie Johnson thought she did everything right to retain ownership of the home she modernized over the past two decades in her quaint Arlington area neighborhood in Riverside. Not long after her husband became unemployed, Johnson said she notified the … Continue reading

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Fannie, Freddie are set to reduce mortgage balances in California

As California pushes to get more homeowners into a $2-billion foreclosure prevention program, some Fannie Mae and Freddie Mac borrowers may see their mortgages shrunk through principal reduction. State officials are making a significant change to the Keep Your Home … Continue reading

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Real-Estate Redux

BY CRAIG KARMIN AND SERENA NG American International Group Inc. is planning to jump back into U.S. property investing, reversing yearslong efforts to downsize its real-estate business in the wake of its near-collapse and government bailout in 2008. AIG until … Continue reading

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Mortgage Modifications Wind Down As Foreclosures Heat Up

Mortgage modifications under the government’s bailout program, permanent and trials, and as well as proprietary modifications made by the big banks continue to fall and are falling at an increasing clip. You might think it’s because there are fewer troubled … Continue reading

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October sales of California homes rise as prices fall

California’s home prices eroded further in October, which helped boost sales compared with the same month last year. The median price for a home sold in California last month was $240,000, down 6.3% from October 2010 and 3.6% from September, … Continue reading

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Fannie Mae Bailing Out Bank of America? Not So Much

Late yesterday the chairman of the House Oversight and Government Reform Committee, Darrell Issa, sent out a press release titled, “Is Fannie Mae’s Purchase of Troubled B of A Portfolio a Back-Door Bailout?” The answer is: No…but let me go … Continue reading

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Gov. Jerry Brown appoints jobs czar

Reporting from Sacramento — Gov. Jerry Brown, under fire for not doing enough to revive the state’s ailing economy, named a jobs czar Wednesday, but economists say he will have little power to counter the forces of the national recession. … Continue reading

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Chrysler’s California Dealer Battle: Wider War Already In Progress?

It took a bit of research to fully parse the California New Car Dealer Association’s complaint against Chrysler and its partially company-owned store in Los Angeles, and our finding is that the CNCDA is actually gunning for Chrysler with gusto. … Continue reading

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