Monthly Archives: March 2010

California Home Sales Report Unexpectedly Good

By ALAN ZIBEL and ALEX VEIGA (AP) – 5 hours ago LOS ANGELES — A surprisingly strong rebound in California’s real estate market helped lift a key home price index for the eighth month in a row. That’s good news … Continue reading

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Investment Banks Double Dipping in California?

By Michael B. Marois March 29 (Bloomberg) — California’s treasurer asked six investment banks that underwrite the state’s bonds to explain why they also market credit-default swaps on them, saying such contracts may cost taxpayers by exaggerating credit risk. Treasurer … Continue reading

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California Student Loans

RANCHO CORDOVA, Calif., March 26 /PRNewswire-USNewswire/ — The California Student Aid Commission today publicly acclaimed the landmark passage of the “Health Care and Education Reconciliation Act of 2010″, which enacts sweeping reforms in federal student loan programs. The legislation allocates … Continue reading

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New Home Sales Down in CA

“… the U.S. Commerce Department revealed new-home sales dropped 2.2 percent in February to a record low seasonally adjusted yearly rate of 308,000 homes. “Unusually bad weather certainly played a role in the large regional declines depicted in today’s new-home … Continue reading

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Loan Modification Hasn’t Worked as Planned

By DAVID REILLY The trick to a bailout is to keep it from being so generous that it turns into a giveaway or so timid that it flops. When it comes to housing, the government hasn’t found the sweet spot. … Continue reading

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