In a telephone interview with Mortgage Daily, a Wells Fargo spokesman said that nearly 260 employees will be laid off in North Carolina. The layoffs are on top of layoffs recently announced in California, Iowa, Missouri and Texas. In all, more than 1,000 mortgage employees have recently been laid off. View full post on Mortgage [...]
Thanks to the hundreds of thousands of emails and phone calls from you to lawmakers, agencies and corporations, consumers can count some concrete victories in 2010. We hope to see as many or more in 2011. Take a moment and look at your new rights and protections after this video highlighting some of our victories: [...]
A $12 million settlement was reached in a lawsuit filed by the Federal Trade Commission against National Foreclosure Relief Inc. A $60 million lawsuit was filed in October by California’s attorney general against US Loan Auditors. In Florida, the U.S. Department of Justice announced that Peter James Porcelli II was sentenced to prison and hit [...]
Loan originators in California will have to be licensed and listed in the Nationwide Mortgage Licensing System and Registry as of Jan. 1, 2011. The law exempts those who work for banks that take customer deposits. “It really should help keep the bad actors out of the business,” a spokesman for the California Department of [...]
First California Mortgage reported that it has boosted it warehouse lending capacity by more than $100 million this year. A combination of the increased lines as well as increased mortgage demand has fueled new hirings. First Cal said that around 70 employees have been hired since June. View full post on Mortgage Stories
Kris Alingod – AHN News Contributor San Francisco, CA, United States (AHN) – California’s commuter train service, Caltrain, has approved a proposal to raise fares and cut service to address a $2.3 million budget shortfall. The rail service’s board of directors voted Thursday to charge 25 cents more for each zone. The increase means a [...]
Prop. 23 would effectively repeal California’s landmark clean energy and emissions law and is a bad deal for consumers View full post on Consumer Protection Stories
Foreclosures were filed on 338,836 properties last month, RealtyTrac reported. Filings were up 9 percent from July. California was responsible for 20 percent of all U.S. foreclosures last month. View full post on Mortgage Stories
California is such a extraordinary state based on the value of homes and the cost of living. Only numerous move there or wish to live the Caifornia dream and that sometimes costs. The actual economic situation based on the housing market has put numerous people in a spot where they are expecting to acquire some [...]
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