Stockton california Mortgage News

Mapping Troubled Housing Markets
Millions of homeowners are hurting, but real estate woes vary by region. See how your area fares. United States - Real estate - California - Negative equity - Nevada

As We See It: Housing ripples
It's probably small consolation to homeowners in Santa Cruz County, but housing here remains far more expensive than in almost all of the rest of the country.

San Joaquin Valley feels left behind on foreclosure aid
San Joaquin Valley lawmakers and homeowners still feel left out of the Obama administration's b

Rabobank Acquires Deposits, Certain Assets and Liabilities of Butte Community Bank and Pacific State Bank
ROSEVILLE, Calif.----Rabobank, N.A. tonight announced it has acquired all deposits and certain assets and liabilities of Butte Community Bank and Pacific State Bank from the Federal Deposit Insurance Corporation , effective immediately.

Foreclosures in state hit Latino homes hardest
A review of the damage wreaked on California communities by the housing bust shows that Latino households suffered nearly 50 percent of the foreclosures and that loan defaults are concentrated in the state's Central Valley. That area, which includes the... California - Foreclosure - Central Valley - United States - Hispanic and Latino

Fair lending group says high-cost loans hit minorities disproportionately
More than half of foreclosures in California are on properties purchased by blacks and Latinos -- borrowers who are disproportionately more likely to receive expensive subprime loans that are harder to pay off.

Foreclosure crisis not driven by luxury home purchases
To the list of urban myths, add this one: California's foreclosure crisis was driven by people who overreached and purchased luxurious new homes they couldn't afford. That idea is wrong on several counts, based on an exhaustive analysis of the 877,173 homes that were foreclosed upon in California between September 2006 and November 2009.

More and Better Predatory Loan Servicing Fraud
RISMEDIA, August 17, 2010—As the vast majority of applicants for loan modification have learned, HAMP, the Home Affordable Modification Program, is little more than a thinly disguised mechanism through which to conclude the foreclosure process on behalf of financial…