Items Tagged with 'California'

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California home sales start 2017 on a strong note

Median sales price drops below $500,000 for first time since March 2016
While winter usually means a decline in home sales, California just saw its first increase in home sales between December and January since 2012, a sign that the Golden State could be in for a strong housing year.
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California regulator reveals what Ocwen did wrong

Auditor found "hundreds" of violations of law
Ocwen Financial announced late last week that it successfully extricated itself from the mortgage servicing restrictions placed on it by the California Department of Business Oversight. The final settlement total included $198 million in debt forgiveness. So why was the settlement so big? Turns out that Ocwen’s operations weren’t exactly squeaky clean for the last few years.
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Ocwen reaches $223 million settlement with California over servicing violations

Mortgage servicing restrictions lifted, can now acquire California MSRs
Ocwen Financial announced late Friday that it reached a $223 million settlement with the California Department of Business Oversight, ridding itself of the restrictions that hampered its mortgage business in California for more than two years. The settlement includes a cash payment of $25 million. Ocwen is also required to provide an additional $198 million in debt forgiveness.
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Realtors pick their top 10 hottest housing markets for 2017

This is where homes fly off the market
While January is typically the slowest month of the year for real estate, the market remained strong at the start of 2017. Homes flew off the market faster than the previous year at home prices that were 10% higher than the previous year. Here are the top 10 markets for the start of the new year.
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Xavier Becerra officially named California attorney general

Holds state’s second-most-powerful appointed position
Now that Kamala Harris is getting settled in her new role in the U.S. Senate, California officially announced Rep. Xavier Becerra as her replacement, approving him as the state’s new attorney general. Becerra comes to the position during a time of major political divide, and the state is looking to him to make sure California is ready for a fight.
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California real estate agent arrested for double homicide

Christopher Ireland taken into custody "on suspicion of murder"
A California real estate agent is under arrest and remains in custody under suspicion that he committed a double murder. According to local media reports, Christopher Ireland is suspected in the deaths of two of his wife’s female co-workers, whose bodies were found after a suspicious fire destroyed the home of one of the women.
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California hires Eric Holder to fight back against future Trump troubles

$25,000 per month for three months
California is readying itself to come face-to-face with President-elect Donald Trump in court in order to preserve the policies and diversity of The Golden State. And due to the uncertainty of future conflicts, California took precautionary measures on Wednesday and announced it hired former U.S. Attorney General Eric Holder.
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