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California nets $18 billion of landmark $25-billion national mortgage settlement

California’s $18 billion cut of the $25 billion national mortgage settlement beats a zero, but it’s too small to change the landscape of the Golden State’s housing crisis. The joint federal and 49-state “National Mortgage Agreement” with Bank of America, [...]

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obamahousing

California Democrats urge Obama to use special powers to appoint permanent FHFA director

More than two dozen U.S. House of Representatives Democrats from California are asking President Barack Obama to make another end run around stonewalling Republicans, this time for the

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California consumer advocates call for homeowner relief during the holidays

A number of California community groups joined California Attorney General Kamala Harris on Monday afternoon to draw attention to the plight of homeowners facing foreclosure during the holiday

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‘Keep Your Home California’ loaded with cash to help Californians keep homes

A California program funded with $2 billion in federal stimulus money is designed to help 100,000 struggling homeowners, but since the program launched in February, only 7,000 home

underwater

It’s housing, stupid

Focus like a laser beam on housing. Just writing down all of California's underwater mortgages to market value would pump more than $20 billion into the state, create more

housingrecoverychart

How to gauge your housing market's recovery and cash in

Real estate is local, but there is some common ground to cover when looking for signs of recovery, according to Greg Rand, author of "Crash Boom" (Career Press,

Californians, ethnic minorities hit hardest by foreclosure rescue scams

If you live in California and find yourself facing foreclosure, chances are greater than in any other state, you'll be the victim of foreclosure rescue fraud. Nearly one-in-four complaints

Foreign buyers cashing in on U.S. housing closeout sale

Some say the end is near -- for either an up or down housing market -- when foreigners rush ashore to jump on the bandwagon or go for

State, local housing programs to the rescue

With tight fisted lenders more often seeking hefty down payments from those seeking to buy a home, more state agencies are pitching in to help qualified borrowers who

upsidedown

Housing bust withered California’s economy, job market

When housing went down in the Golden State it took Californian jobs and a chunk of the economy with it. The bust has cost the Golden State hundreds of

BofA halts foreclosures, states investigate

Bank of America recently became the first bank to stop sales of foreclosures in all 50 states as 49 states teamed up to investigate mortgage lenders' foreclosure procedures. State

Special homeowner relief extended to more 'hardest hit' states

More qualified homeowners struggling with unemployment or under-employment in additional states have been targeted by two expanded foreclosure-prevention efforts from the Obama administration. First, from the U.S. Department of

California gets $700 million slice of special $1.5 billion homeowner bailout pie

California struck gold, receiving the biggest chunk of a special $1.5 billion federal fund pie for programs that target struggling homeowners in states hardest hit by the housing

California home prices golden again, sales rusty

California's home prices are literally skyrocketing again, soaring in some of the Golden States' largest metro areas by 30 percent to more than 50 percent in little more

Suffering states to share $1.5 billion in home owner aid

Credit Card Act confusionSelect state housing finance agencies are anxiously awaiting a small windfall to help as many as 125,000 struggling home owners in five states hardest hit

Appraisers applaud stiffer state regulations

States are once again stepping up to the plate to address some housing issues federal efforts often fall short on. Following in the footsteps of Arkansas, Louisiana, Nevada, New

CalHFA offers new 95% LTV mortgage

First-time home buyers should take a look at California Housing Finance Agency's (CalHFA) new home loan option, the Cal30, a fixed-rate, 30-year loan that will finance up to

Local relief for national housing hangover

Don't expect the federal government to have all the answers for the economic crisis that's really hitting home. Real estate is a local state of mind. Amazon.com WidgetsWith its legislative

Housing market needs more, not less media coverage

Maybe the media does have a negative role in the current housing market -- just not necessarily as a spoiler. While some real estate industry leaders have called for

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