Monthly Archives: July 2008

SAN FRANCISCO (Reuters) – The number of homes lost to foreclosure in California soared to a 20-year high in the second quarter and mortgage default notices jumped to a record as well, underscoring the depth of the state’s housing downturn, … Continue reading →

By Peter Y. Hong and Richard Simon, Los Angeles Times Staff Writers July 23, 2008 The price tag for the nation’s housing crisis escalated again with reports Tuesday that a record number of Californians lost their homes to foreclosure in … Continue reading →

12:44 PM, July 22, 2008 Wachovia Corp.’s second-quarter earnings report today details the risks the struggling bank faces with its now-notorious Pick-A-Pay mortgages in California.  The home loans, the legacy of the Golden West Financial Corp. acquisition that Wachovia made … Continue reading →

Transcript of Gov. Schwarzenegger Launching “Community Stabilization Home Loan Program” to Help Communities Hard-Hit by Foreclosures SECRETARY BONNER:   Okay, I think we are ready to get started. I want to say good morning to everyone. I’m Dale Bonner, Secretary … Continue reading →

 SAN FRANCISCO (CBS 5) ― “I have four cars insured by Allstate including my 1969 VW van,” said Silvia Felix. Silvia pays $1,800 every six months to insure those cars, and another $1,000 a year to insure her home. So … Continue reading →