First came revelations that errors riddled foreclosures across the country. Next, several large lenders put their operations on hold amid lawsuits and calls for a national moratorium. On Wednesday, the attorneys general in all 50 states joined forces to see whether the corner-cutting banks had broken the law as they pushed delinquent borrowers from their homes. Read article »
Residential transactions in Santa Clara County, San Mateo County, San Francisco and southern Alameda County. ------------------------------
WASHINGTON -- Potential flaws in foreclosure documents are threatening to throw the real estate industry into a full-blown crisis, as Bank of America on Friday became the first bank to stop sales of foreclosed homes in all 50 states. Read article »
NEW YORK (AP) -- Rates on 30-year mortgages fell to the lowest level in decades for the ninth time in 12 weeks, pushed down by traders anticipating a move by the Federal Reserve to pump more money into the economy. Read article »
Just how grim is the real estate market in the Golden State? Even the Realtors (normally an optimistic bunch whose income depends on improving conditions in the housing market) expect sales to plunge 10 percent this year from 2009. Read article »
NEW YORK -- Rates on 30-year mortgages fell to the lowest level in decades for the ninth time in 12 weeks, pushed down by traders anticipating a move by the Federal Reserve to pump more money into the economy. Read article »
WASHINGTON -- Wells Fargo is paying $24 million to end an investigation by eight states probing whether lenders acquired by the company made risky mortgages to consumers without disclosing their perils. Read article »
WASHINGTON -- The number of people who signed contracts to buy homes rose in August for the second straight month but remained far below last year's pace. The weak economy and fears that prices will fall are keeping many consumers away from the housing market. Read article »
WASHINGTON -- Bank of America is delaying foreclosures in 23 states as it examines whether it rushed the foreclosure process for thousands of homeowners without reading the documents.Read article »
Residential transactions in Santa Clara County, San Mateo County, San Francisco and southern Alameda County. ------------------------------
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