Business Highlights
The CEO of JPMorgan Chase offered a quick but blunt apology to shareholders Tuesday for a $2 billion trading loss that “should never have happened” and survived a push to strip him of the title of chairman of the board.
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Bank of America offers up to $30,000 for short sales
Bank of America is offering some struggling homeowners payments of up to $30,000 if they sell their homes in a short sale and avoid ending up in foreclosure.
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Federal Regulator Questions Calif. Mortgage Bills
The federal government’s main regulator of home loans is objecting to mortgage-related bills in California and says they could end up increasing lending costs and harming the housing market.
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JPMorgan CEO apologizes to shareholders
The CEO of JPMorgan Chase offered a quick but blunt apology to shareholders Tuesday for a $2 billion trading loss that “should never have happened” and survived a push to strip him of the title of board chair.
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Foreclosures drop across Bay Area
Every step in the foreclosure process — from default notices to homes seized by banks — dropped across the Bay Area in April, as lenders apparently relied on government programs aimed at keeping struggling homeowners in their homes.
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Forget The $2B Loss, Foreclosures Are JPMorgan’s Real Problem
JPMorgan Chase CEO Jamie Dimon faced shareholders this morning but surprisingly the bank’s $2 billion trading loss wasn’t at the center of the annual meeting.
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Helping homeowner head off foreclosure
The state has put foreclosure prevention specialists on the road to meet with homeowners across the state.
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Urge to stall on foreclosure is natural but perilous
JPMorgan Chase CEO Jamie Dimon owned up to stock analysts and went on TV to accept blame for a $2… When it comes to red meat, less is best, but you don’t have to give up meat entirely, said… Sophia is the new most popular baby name for girls, while Jacob is the top name [...]
Homeless brothers see light at end of tunnel after lightning strike
Two brothers struck by lightning while camping out on Mount Diablo after losing their Oakland home to foreclosure have found better luck due to help from readers of their story.
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KC Man Sues Bank Over Foreclosure Error
A Kansas City man is taking on banking giant JPMorgan Chase, accusing the company of something that he said would have landed anyone else in handcuffs.
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Bank files foreclosure against Chabad of Boca Raton
Wells Fargo bank is foreclosing on Chabad of Boca Raton – including its synagogue and preschool – for not paying on its $2 million mortgage since November, according to a lawsuit filed in Palm Beach County Circuit Court.
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First Quarter Metro Area Home Prices Stabilizing, Sales Up and Inventory Down
Median existing single-family home prices are firming in many metropolitan areas, while improving sales and declining inventory are creating more balanced conditions, according to the latest quarterly report by the National Association of RealtorsA .
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California Gov. Brown Proposes Clever Raid of Foreclosure Fraud Settlement Funds
This was inevitable. California is $7 billion more in the budget hole than they expected at the end of last year, and they need money from any source.
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Infographic: A Visual Guide to How Small Cutbacks Lead to Great Savings
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Mistakes, slow start plague Oregon anti-foreclosure program
A troubled state program to help homeowners avoid foreclosure has struggled to efficiently distribute more than $220 million in federal taxpayer money to deserving Oregonians.
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Grijalva Slams Arizona Governor For Using Foreclosure Settlement Funds To Balance Budget
Thursday, Arizona Gov. Jan Brewer announced that her state would become the latest to devote its portion of funds from the $25 billion mortgage fraud settlement to balancing the state budget .
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Pets In Foreclosure Get Their Own Shelter
For an animal lover like me, it’s heartbreaking to see how many animals are abandoned when their owners go into foreclosure.
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Compassion Centers, the Landfill & Foreclosure Protection
In a move that will surely please most Rhode Islanders, this week the General Assembly made major strides toward protecting consumers’ rights.
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Keep Your Home California offers more value for families facing foreclosure, employment hardship
Qualified Californian homeowners have a shot at enhanced state programs that can reduce their mortgage principal by as much as $100,000 and pay up to $25,000 in late mortgage payments.
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Over 355,000 sf in office space in Broward seized in foreclosure
The life insurance company previously won a $35.2 million foreclosure judgment against Mainstreet AEW V 800 Fairway and a $31.3 million foreclosure judgment against Mainstreet AEW V Commercial Place.
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Foreclosures Continue To Hold Down Las Vegas Home Prices
The latest residential real estate data show a good-news, bad-news scenario continuing for Las Vegas.
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JPMorgan’s trading debacle: why $2 billion is just the start
For years, JPMorgan Chase , perhaps the riskiest bank in the world, got a pass. Sure there were minor hiccups along the way.
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Wells Fargo seeks foreclosure on Chabad of Boca Raton
The bank filed a foreclosure lawsuit on May 4 against the nonprofit Friends of Chabad of Boca Raton and Torah Tots Academy.
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Property records show suspects in Marine wife’s death are linked through home in California
A woman arrested in the killing of a Marine’s wife is in foreclosure proceedings on a home listed as a residence by another Marine and woman who have been charged with murder in the case, property records show.
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Obama, Romney trying to refocus on economy Friday
The presidential candidates tried to put aside politically risky talk of gay rights Friday and return to Americans’ top worry, the economy, in two states critical to the hopes of President Barack Obama and his rival Mitt Romney.Obama planned to talk about how to help homeowners trying to avoid foreclosure in hard-hit Nevada, while Romney [...]
