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Monthly Archives: August 2010
California Home Sales Down 20% and Prices Up 10%
Aug 24, 2010 13:05 ET LOS ANGELES, CA–(Marketwire – August 24, 2010) – Multimedia: Visit http://videos.car.org/mediavault.html?menuID=1&flvID=9 to view a video of C.A.R. Chief Economist Leslie Appleton-Young discuss highlights of the July sales and price report. Visit http://car.org/media/ppt/July_2010_UII_price.ppt to view Unsold Inventory by price point. … Continue reading
California Foreclosure News Still Not Good
Wire service reports on RealtyTrac’s July foreclosure filings contributed to an existing atmosphere of investor fear that drove stock futures down before the opening of the New York Stock Exchange this morning. Nasdaq 100 futures fell 6 points to 1,831.70, … Continue reading
Pacific Western Bank Rescues Los Padres Bank
SAN DIEGO, Aug. 20 /PRNewswire-FirstCall/ — PacWest Bancorp (Nasdaq: PACW) today announced that its wholly-owned subsidiary Pacific Western Bank purchased certain assets and assumed substantially all the liabilities of Solvang, CA-based Los Padres Bank (“Los Padres”) from the Federal Deposit Insurance Corporation as Receiver … Continue reading
Class Action Lawsuit Against Loan Services Company
SAN JOSE, Calif., Aug. 20 /PRNewswire/ — A group of homeowners today filed a class-action lawsuit against Aurora Loan Services LLC, claiming the mortgage company duped them into paying tens of thousands of dollars each to have troubled mortgages reviewed by the … Continue reading
Northern California Home Sales In July 2010 Much Like June 2010
Home sales in the San Francisco Bay Area plummeted 22.8 percent last month from the previous year to reach their lowest level in 15 years, a tracking firm reported Thursday. San Diego-based MDA DataQuick said the drop from 8,771 homes … Continue reading