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California, Illinois sue Countrywide

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State attorney generals blame home loan lender's practices for causing thousands of foreclosures Jim Wasserman SACRAMENTO, Calif. -- California Attorney General Jerry Brown filed a lawsuit Wednesday against the nation's largest home loan lender, charging Calabassas, Calif.-based Countrywide Financial Corp. with deceptively pushing homeowners into risky, mass-produced loans that have caused ...


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http://www.heraldextra.com/content/view/271588/18/

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Oakland's OneCalifornia bank aims to forestall home foreclosures (BizJournals) Three months after launching a $1 million fund to help homeowners facing higher mortgage payments, OneCalifornia Bank of Oakland and the OneCalifornia Foundation have scrapped their initial plans to loan money directly to troubled borrowers. Instead,...

Vacation Home Mortgage Loans Obtaining a loan for a vacation home can be a challenge because lenders assume you are more likely to default on this additional mortgage. That risk is passed on to you in several different forms.

The Home-Equity Door Slams Shut Anxious lenders are freezing lines of credit. Borrowers are in a fix.

The Home-Equity Door Slams Shut Anxious lenders are freezing lines of credit. Borrowers are in a fix.

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Rep. Frank - Mortgage Reform and Anti-Predatory Lending Act The House debates the Mortgage Reform and Anti-Predatory Lending Act of 2007. The bill is aimed at curbing predatory lending, which has been a major factor in the highest home foreclosure rate in the nation in at least 25 years. A key element of th...

Rates deterring demand for home loans (The West Australian) The expense of a new mortgage is deterring people from taking the plunge into home ownership with the number of loans taken out in March the lowest since August 2005.

Rep. Ellison: Mortgage Reform and Anti-Predatory Lending Act The House debates the Mortgage Reform and Anti-Predatory Lending Act of 2007. The bill is aimed at curbing predatory lending, which has been a major factor in the highest home foreclosure rate in the nation in at least 25 years. A key element of th...


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