CoreLogic: Far fewer foreclosures coming to market

Fidelity National bails out Landcastle Title

Discovered “substantial account misappropriations”

Closing a mortgage finally makes money

Breaks 6 quarters of straight losses
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Items Tagged with 'California'

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California housing market underperforms in July

Pending home sales drop four months straight
Brena Swanson
July was not a strong month for the California housing market as the state continues to underperform. On the positive side, the share of equity sales — or non-distressed property sales — maintained its upward trend, increasing to 90.6% in July, up from 90.3% in June.
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San Francisco earthquake rattles jumbo mortgage-bond collateral

Magnitude 6.0 earthquake should serve as risk reminder
Ben Lane
Sunday’s magnitude-6.0 earthquake should serve as a reminder that bond investors need to weigh the inherent risks that come with investing in the San Francisco market. The foundation of those investments is literally built on shaky ground.
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HUD-OIG: Richmond, California, fails to uphold housing program requirements

City should repay almost $1 million, OIG finds
Brena Swanson

“The rehabilitation of some properties suffered significant delays, while the rehabilitation of other properties had not been completed after more than three years.”


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Real Living Lifestyles joins RealtyTrac’s broker network

Becomes network’s exclusive partner in San Diego County
Ben Lane
As a member of the RealtyTrac Network, Real Living Lifestyles will have the ability to integrate its broker-branded listings into the realtytrac.com website. “The network also offers all of its members high-profile, homepage branding as well as incorporating their insight into the real estate news cycle,” RealtyTrac said.
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3 facts crippling California's housing recovery

Can these problems be solved in next two years?
Brena Swanson
Before the Golden State can step into its positive forecast for the next two years, it has to overcome several housing hurdles impeding its recovery.
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California changes loan originator education requirements

Applicants must complete additional education on state’s laws
Ben Lane
The new law requires that an applicant seeking a mortgage loan originator license in California must complete two hours of approved education related to relevant California law and regulation.
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What will become of Robin Williams’ $30 million wine country villa?

The “Villa of Smiles” was on the market prior to star’s tragic death
Ben Lane
No matter what happens, we can only hope that whoever buys it is capable of bringing one-millionth the amount of smiles that Williams gave us in his all-too-short life.
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FHA Commissioner Carol Galante to step down

Industry applauds her positive impact on housing
Brena Swanson
After years of helping the economy recover from the financial crisis through her role as commissioner at the Federal Housing Administration, Galante announced her decision to leave the U.S. Department of Housing and Urban Development. She will return to California to start teaching at the University of California, Berkeley in January.
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5 awesome facts impacting California's housing future

It's not all good news
Brena Swanson
California and the nation's future are looking bright, according to a new report, with next year projected to be the best year yet for the economy since the start of the recovery. However, there are some key factors playing into California's future that could alter its course.
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Morgan Stanley: California AG thinks we misrepresented our mortgage bonds

Discloses legal action in earnings report
Jacob Gaffney
The California AG indicated to Morgan Stanley that the office run by Kamala Harris “made certain preliminary conclusions that the Company made knowing and material misrepresentations regarding RMBS and that it knowingly caused material misrepresentations to be made regarding the Cheyne SIV.”
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