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BC-ID--Idaho News Digest at 1 pm, ID Tuesday, July 19, 2011 @ 3:37PMThe supervisor in the Boise bureau is Todd Dvorak. The bureau can be reached at (208) 343-1894. The West Regional Desk can be reached at (602) 417-2400. AP stories, along with the photos that accompan
CA Mortgage Default Notices at 4-Yr Low Tuesday, July 19, 2011 @ 3:18PMMortgage default notices for California homeowners have fallen to a four-year low as home prices showed increasing signs of stability, according to a research firm report.
Sacramento foreclosure auction nets $4.6M Sunday, July 17, 2011 @ 7:24PMSACRAMENTO - Sacramento area homebuyers Sunday spent $4.6 million on new local area foreclosures as Auction.com auctioned 81 new bank-owned properties.
What recession? It's boom time again in Silicon Valley Sunday, July 17, 2011 @ 8:28AMInvestors pile into Internet IPOs and start-ups, making overnight millionaires. House prices and salaries soar. Another dot-com bubble? Maybe, but with differences. As she unloaded groceries in the driveway of her Palo Alto home, Lisen Stromberg was approached by a real estate broker who asked whether she'd be willing to sell her five-bedroom house to a senior Facebook executive.
Apartments are the development du jour among builders Sunday, July 17, 2011 @ 2:18AMThe weak economy and housing market crash have aided apartment landlords, analysts say, and the slow recovery is expected to help prop up the popularity of apartment living in the years ahead. The last surviving original developer of Marina del Rey got a little emotional before turning a shovelful of dirt to mark the beginning of a new apartment complex that will replace the one he built in the ...
What recession? High-tech Silicon Valley is hot again Saturday, July 16, 2011 @ 8:38PMInvestors pile into Internet IPOs and start-ups As she unloaded groceries in the driveway of her Palo Alto, Calif., home, Lisen Stromberg was approached by a real estate broker who asked whether she'd be willing to sell her five-bedroom house to a senior Facebook executive.
Home auction draws hungry buyers to Oakland Saturday, July 16, 2011 @ 7:35PMThere was a free, open to the public auction on Saturday in Oakland with homes from all over Northern California up for grabs.
California may join probe of Wall Street's role in mortgage meltdown Thursday, July 14, 2011 @ 8:28PMNew York's and Delaware's investigation could lead to criminal charges against financial executives. 'California was disproportionately harmed by the mortgage crisis, and our homeowners badly need relief,' the state's attorney general says. California is considering joining New York and Delaware in a wide-ranging investigation into Wall Street's role in the mortgage meltdown that could lead to ...
California has third-highest foreclosure rate over first half of year Thursday, July 14, 2011 @ 12:39AMCalifornia had the nation's third-highest foreclosure rate over the first half of 2011, as foreclosure activity slowed down nationwide but still remained high.
Southern California home prices drop in June Tuesday, July 12, 2011 @ 1:46PMSouthern California's median home price dipped five percent last month to $285,000 from June 2010, its fourth consecutive year-over-year decline in as many months.
S. Calif. home prices drop in June Tuesday, July 12, 2011 @ 1:41PMThe Associated Press The Associated Press LOS ANGELES Southern California's median home price dipped 5 percent last month to $285,000 from June 2010, its fourth consecutive year-over-year decline in as many months. But San Diego-based DataQuick also notes in its report Tuesday that June's median increased nearly 2 percent from $280,000 in May to reach its highest level since December. Home sales ...
Firm: S. Calif. home prices drop in June from previous year, but post month-to-month increase Tuesday, July 12, 2011 @ 12:54PMLOS ANGELES, Calif. - Southern California's median home price dipped 5 per cent last month to $285,000 from June 2010, its fourth consecutive year-over-year decline in as many months.
How One Company is Taming Big Data With Visualizations Tuesday, July 12, 2011 @ 1:20AMOn my visit to Seattle last month, I visited the office of data visualization company Tableau . As more and more data gets uploaded to the Web, it needs to be analyzed and made sense of. Data visualization is one of the most effective ways of doing this and Tableau is a leading company in this field. I sat down with Ellie Fields, Director of Product Marketing at Tableau Software, to find out how ...
Homeowners' associations can pit neighbor against neighbor Monday, July 11, 2011 @ 5:32PMThe Inlet House condo complex in Fort Pierce, Fla., was once the kind of place the 55-and-older set aspired to. It was affordable. The pool and clubhouse were tidy, the lawns freshly snipped. Residents, push-carts in tow, walked to the beach, the bank, the beauty parlor, the cinema and the supermarket. In post-crash America, this was a dreamy little spot. Especially on a fixed income. But that ...
Homeowner fight gets ugly Monday, July 11, 2011 @ 12:15PMThe Inlet House condo complex in Fort Pierce, Fla., was once the kind of place the 55-and-older set aspired to.
Wells Fargo to Help Central Valley Customers Facing Mortgage Payment Challenges Monday, July 11, 2011 @ 11:43AMMODESTO, Calif.--(BUSINESS WIRE)--Wells Fargo & Company (NYSE:WFC) announced today it is hosting a free workshop for Wells Fargo Home Mortgage, Wells Fargo Financial, Wachovia Mortgage and Wells Fargo Home Equity customers facing financial hardships. The two-day workshop — to which Wells Fargo is inviting thousands of Central Valley homeowners — will take place July 20-21, from 9 a.m. – 7 p.m ...
Older residents being shown the door Sunday, July 10, 2011 @ 5:30PMThe Inlet House condo complex in Fort Pierce, Fla., was once the kind of place the 55-and-older set aspired to. It was affordable. The pool and clubhouse were tidy, the lawns freshly snipped. Residents, pushcarts in tow, walked to the beach, the bank, the beauty parlor, the cinema and the ...
Borrowers sue over modified mortgages Sunday, July 10, 2011 @ 2:04AMIt seemed Maria Campusano's financial problems were behind her when the mortgage on her Victorian home in a Massachusetts mill town was chopped by hundreds of dollars a month.
Existing-Home Sales Up In Las Vegas; Median Prices Down Slightly Friday, July 8, 2011 @ 12:30PMSingle-family home sales increased 8 percent in June from the same month a year ago, while median prices slipped 11.1 percent to $124,500, the Greater Las Vegas Association of Realtors reported Friday. Counting condo and townhome sales, it was the third-highest
Rep. Giffords absent, but presence remains Friday, July 8, 2011 @ 8:22AMDespite lack of a vote, staff serving constituents.
Competition to kick off skate park grand opening Friday, July 8, 2011 @ 12:13AMThe much-anticipated Patterson Skate Park, at the corner of Ward and Las Palmas avenues, will open July 16, a Saturday, with a dedication and ribbon cutting at 8:30 a.m.
Census Report 1999-2000 to 2009-2010: City of Farmersville shows signs of improvement Wednesday, July 6, 2011 @ 1:25PMIf you look strictly at the Census numbers, not much has changed in Farmersville over the last decade. But Farmersville, for good or bad, has never really done things by the numbers.
CalHFA Awarded Nearly $3.2 Million to Provide Counseling for Struggling Homeowners Wednesday, July 6, 2011 @ 12:06PMSACRAMENTO, Calif.--(BUSINESS WIRE)--The California Housing Finance Agency (CalHFA) today announced that it will receive nearly $3.2 million to provide counseling to homeowners struggling to avoid foreclosure from a new federal grant. The California Housing Finance Agency and HUD-approved counseling groups, in partnership with the Rural Community Assistance Corporation (RCAC), were awarded the ...
Bank sued over home loan modifications Wednesday, July 6, 2011 @ 4:53AMIt seemed Maria Campusano's financial problems were behind her when the mortgage on her Victorian home in a Massachusetts mill town was chopped by hundreds of dollars a month. She soon learned that her troubles had just begun.
Making Good: Your Treasure Valley business community: accomplishments and promotions. Tuesday, July 5, 2011 @ 5:54PMJorene Batali, a Scentsy independent consultant, was named Up & Coming Business Woman of the Year by the Boise and Southern Idaho Chapter of the National Association of Women Business Owners. Kitty Fleishman, Idaho Magazine, was named Trail Blazer. Tammy de Weerd, mayor of Meridian, was honored for leadership.
Fearful borrowers take banks to court after loan modification mishaps Tuesday, July 5, 2011 @ 11:29AMLOS ANGELES - It seemed Maria Campusano's financial problems were behind her when the mortgage on her Victorian home in a Massachusetts mill town was chopped by hundreds of dollars a month.
Big banks sued for botching loan modifications Tuesday, July 5, 2011 @ 9:37AMThe lawsuits represent a new wave of complaints against banks already criticized for their reluctance to modify loans and for foreclosing on borrowers after trial modifications.
Borrowers sue over apparent loan modification mishaps Tuesday, July 5, 2011 @ 7:27AMLOS ANGELES — It seemed Maria Campusano’s financial problems were behind her when the mortgage on her Victorian home in a Massachusetts mill town was chopped by hundreds of dollars a month. She soon learned that her troubles had just begun. Weeks after making her first payment under the new rate, the school district staffer began receiving [...]
Deal still haunts Bank of America 3 years later Saturday, July 2, 2011 @ 10:52PMShortly before buying Countrywide Financial three years ago for $2.5 billion, Bank of America chief executive Ken Lewis admitted there was risk in the deal. But he added: "We are not paying $22 billion either." Turns out it was a lot more.
Moody's: The Rocket City Ranks #1 for Employment Growth; Shows Huntsville, TurnKey Ventures To Be a Safe Investment Saturday, July 2, 2011 @ 12:35AMThere's a high quality of life in Huntsville, AL; Moody's asserts steady markets and long-term security.TurnKey Ventures in Huntsville AL is the who and where of the investment equation. Huntsville, AL (PRWEB) July 01, 2011 According to Moody's, Huntsville Alabama "The Rocket City" ranks #1 in the nation for employment growth during the recession. TurnKey Ventures in Huntsville Alabama offers a ...
Personal Finance: Paving the way to saving: Start now, even a few bucks Friday, July 1, 2011 @ 10:28PMIt's July: School's out, summer's on … and the financial surveys are out in full force.
TiZA kids seek new schools Friday, July 1, 2011 @ 10:06PMAfter losing legally required oversight, TiZA officials held out only a slim hope of keeping the charter school open.
Investors to plead guilty to foreclosure auction rigging Friday, July 1, 2011 @ 11:40AMSAN FRANCISCO -- As home foreclosures hit record levels, a group of California real estate investors engaged in an auction bid-rigging conspiracy that allowed them to boost their profits in subsequent sales, the U.S. Department of Justice announced yesterday.
Builder Lennar Bulldozes Forlorn, Empty Homes Friday, July 1, 2011 @ 11:35AMAs builders struggle to compete with bargain-priced inventory, particularly foreclosures, theyve downsized and simplified new homes. They are also tearing them down.
Builder Lennar Bulldozes Unfinished Homes For New Community Friday, July 1, 2011 @ 10:59AMBuilder Lennar Bulldozes Unfinished Homes For New Community
Here's Why The US Is An Even Bigger Kleptocracy Than Greece Wednesday, June 29, 2011 @ 10:59AMIf we dare look at the plain facts of the matter, we have to conclude the U.S. is a kleptocracy not unlike Greece, only on a larger and slightly more sophisticated scale.
KB Home Reports Wider Quarterly Loss as Orders Decline in Housing Slump Wednesday, June 29, 2011 @ 7:37AMKB Home (KBH) , the Los Angeles-based homebuilder that targets first-time buyers, reported a wider second-quarter loss as new orders and revenue decreased amid weak demand for new houses.
HOUSING: San Diego home prices rise slightly in April, but down from last year Tuesday, June 28, 2011 @ 10:35AMHouse prices in San Diego County in April rose slightly compared to March, as house buying season warmed up, but prices were 4.3 percent lower than they had been in April 2010, an index said Tuesday.
HOUSING: Case-Shiller: San Diego house prices rise slightly in April, but down from last April Tuesday, June 28, 2011 @ 9:45AMHouse prices in San Diego County in April rose slightly compared to March, as house buying season warmed up, but put prices were 4.3 percent lower than they had been in April 2010, a respected index said Tuesday.
Home prices up in April for the first time in eight months Tuesday, June 28, 2011 @ 9:22AMA closely watched index of home prices in America's largest cities ticked up in April over March, the first such improvement in eight months, though experts attributed the increase largely to seasonal variations. Prices of previously owned single-family homes rose a modest 0.8% in April over March but were down 4.0% from April 2010, according to the Standard & Poor's/Case-Shiller index of 20 ...
Reverend Jesse Jackson’s PUSH Celebrates 40 Years Tuesday, June 28, 2011 @ 8:56AM*This past week, reports Gospel Today, Rev. Jesse Jackson hosted thousands from near and far in Chicago at the 40th annual PUSH Convention. The week’s theme: “A More Perfect Union: Closing the Gap.” Still standing for civil rights, Jackson warned that voting rights are under attack and inequities have heightened regarding foreclosures, underemployment, lack of [...]
Valley Community Bank downgraded; name change planned at First National Bank Monday, June 27, 2011 @ 7:44PMSANTA CRUZ — BauerFinancial, the independent rating service, has downgraded Valley Community Bank from four stars, excellent, to three-and-a-half stars, good.
Hispanic population growth has big effect Monday, June 27, 2011 @ 1:50PMYoungsters, many Latino, see their futures intertwined with mostly white baby boomers.
Pinning down pension benefits Monday, June 27, 2011 @ 2:09AMFor 12 years, Joanne Parke was an auto delivery driver and yard foreman, helping shuttle hundreds of new Volkswagens, Porsches and Audis from California's Port of Oakland.
The Insistent Question: Where Are The Jobs? Sunday, June 26, 2011 @ 3:19PMThe legislation ensured that for all of this year all jobless workers who reach the normal six-month cutoff point for unemployment benefits – estimated at about four million – would automatically have their payments renewed.
Does Barack Obama Deserve the Black Vote in 2012? Sunday, June 26, 2011 @ 12:08AM*Two curious banners hang on the building of the Los Angeles Sentinel, a major Black community newspaper. One banner says: “Neighbors, Community, and Friends: We must vote to re-elect President Barack Obama. Tell all your friends in the Red States too!” The other says: “Support our President.” In Chicago, Dr. C. Frances Parks, hosts a [...]
Foreclosures and defaults: How come they're not as high as expected? Friday, June 24, 2011 @ 5:01PMPanelists offer explanations, but some expect more distress to continue. Vote in our poll or leave us a comment about foreclosures.
EconoMeter: Why aren't foreclosures in San Diego higher? Friday, June 24, 2011 @ 5:01PMPanelists offer explanations, but some expect more distress to continue. Vote in our poll or leave us a comment about foreclosures.
How Banks Continue To Blindside Homeowners With Foreclosures Friday, June 24, 2011 @ 3:15PMFour years into the foreclosure crisis, banks say they've made major improvements in how they handle struggling homeowners. They've promised, for example, not to foreclose on homeowners who are being considered for mortgage modifications.
Keller Rohrback L.L.P. Announces Class Action Complaint Filed Against SunTrust Mortgage, Inc. and Ongoing ... Friday, June 24, 2011 @ 1:31PMSEATTLE -- Attorney Advertising. Keller Rohrback L.L.P. announces the filing of a class action lawsuit in the United States District Court for the Southern District of California. The case was filed against SunTrust Mortgage, Inc. and SunTrust Banks, Inc. .