Items Tagged with 'California housing'

ARTICLES

Mortgage brokerage CEO jailed for stealing homes, renting them back to struggling homeowners

Direct Money Source CEO guilty of conspiracy, loan fraud, aggravated identity theft
The former owner and chief executive officer of a California mortgage brokerage will spend nearly the next eight years in federal prison after pleading guilty to charges that he falsely promised to help distressed homeowners avoid foreclosure. But instead of actually helping the struggling homeowners keep their homes, David Singui, and his company, Direct Money Source, stole the equity in the homes and served as the homeowners' impostor landlord for a period of years.
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California AG backs expansion of Homeowners' Bill of Rights

Throws support behind bill that would help widowed spouses keep their homes
California Attorney General Kamala Harris is throwing her support behind a bill that expand the state’s Homeowners’ Bill of Rights to include a provision designed to help widowed spouses and children stay in their homes after the primary mortgage holder passes away.
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Los Angeles Realtor 'hijacks' Coachella social media feeds

California music festival attendees unwittingly and repeatedly tagged agent
It’s not often that we at HousingWire talk about things reported by The Hollywood Reporter, but this one is just too good to pass up. A Los Angeles Realtor is in a bit of social media hot water after his name and profile suddenly began showing up all over social media posts emanating from the Coachella Valley Music and Arts Festival over the weekend.
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San Francisco Assemblyman confronts city's housing crisis

Bills would restore rental developments and aid senior citizens
San Francisco Assemblyman Kevin Mullin wants to address the region’s housing crisis by presenting two bills that focus on requiring more affordable housing in certain developments and allowing senior citizens to keep more tax money after selling their homes.
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Is San Francisco in a housing bubble?

Fitch Ratings suggests Bay Area home prices are at 'unsupportable' level
San Francisco often ranks among the "hottest" housing markets due to its rapidly rising housing prices. But how hot is too hot? A new report from Fitch Ratings suggests that San Francisco is reaching that point, with the dreaded "b" word being thrown around now.
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St. Louis Rams sacked by real estate reality as team moves to Los Angeles

Moving from modestly priced Midwest to high-cost California
When the National Football League announced last week that the St. Louis Rams are moving back to Los Angeles, it seemed that everyone involved got what they wanted, except Rams’ fans in St. Louis, of course. But for those moving from St. Louis to Los Angeles with the team, they are about to take a big financial hit thanks to the vastly different costs of living from St. Louis to Los Angeles.
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