Miscellaneous

• California Senate Passes Key Mortgage Bill

  Paul Kiesel | July 03, 2008 5:57 PM | 1 CommentLos Angeles, CA

  The California Senate passed the first major bill that is designed to help prevent more home foreclosures and it is being sent to the governor. Gov. Schwarzenegger is expected to sign the measure...

• IndyMac may be the Next Mortgage Lender on the Brink of Failure

  Paul Kiesel | June 26, 2008 8:28 PM | 1 CommentLos Angeles, CA

  U.S. Senator Charles Schumer asked U.S. regulators to analyze the financial health of Indymac, as Schumer believes the company may be on the brink of failure. The FDIC, the Office of Thrift...

• California and Illinois AGs Sue Countrywide Over Mortgage Loans, Borrowers Misled

  Paul Kiesel | June 25, 2008 3:22 PM | 1 CommentLos Angeles, CA

  California Attorney General Jerry Brown filed a complaint today in Los Angeles state court claiming that Countrywide Chief Executive Officer Angelo Mozilo and a unit specializing in loans to...

• $800 Billion in Mortgages are at Moderate to High Risk of Defaulting

  Paul Kiesel | June 24, 2008 8:20 PM | 1 CommentLos Angeles, CA

  The New York Times, on February 23, 2008, published an article that elaborated on a Bank of America sponsored housing relief package that was being proposed to Congress, in order to curb further...

• Obama and McCain: The Presidential Candidates on the Mortgage Crisis

  Paul Kiesel | June 17, 2008 1:50 PM | 1 CommentLos Angeles, CA

  Here are Barack Obama's and John McCain's plans for dealing with the mortgage crisis (according to each candidate's respective website): Barack Obama wants to create a fund to help people refinance...

• FBI: We've Got a Big Mortgage Fraud Problem

  Paul Kiesel | June 12, 2008 3:38 PM | 1 CommentLos Angeles, CA

  The Federal Bureau of Investigation has ordered more than two dozen of its field offices to stop probing some financial crimes in order to focus on a surge in subprime mortgage fraud, according to...

• Foreclosure Projections

  Paul Kiesel | June 09, 2008 9:53 PM | 1 CommentLos Angeles, CA

  The Joint Economic Committee of Congress is predicting thattwo million families will lose their homes in two years, due to the current foreclosure crisis. On top of that, Credit Suisse predicts that...

• 40% of College Students Will Find it More Difficult to Receive Student Loans Next Year

  Paul Kiesel | June 03, 2008 8:30 PM | 1 CommentLos Angeles, CA

  The subprime mortgage crisis has received most of the attention over the last six months, as lenders havebecome more credit strapped. But as homeowners, financial institutions and investors have...

• Renters and Foreclosures

  Paul Kiesel | May 29, 2008 3:51 PM | 1 CommentLos Angeles, CA

  Renters have more rights than they might initially realize if they discover themselves in the precarious situation of living in a property that is about to go into foreclosure. There has been a...

• The Irony of AngryRenter.com

  Paul Kiesel | May 16, 2008 7:32 PM | 1 CommentLos Angeles, CA

  AngryRenter.com appears to be a website that is against any type of mortgage "bailout," however, the site is not run or was even set up by "angry renters," rather, it is the product of conservative...