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California Mortgages News

California may re-enter talks on mortgage relief for homeowners

California is inching closer to rejoining the nationwide settlement talks with major U.S. lenders over mortgage abuse.

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Foreclosure activity drops 20 percent in Santa Clara County

Foreclosure activity in California dropped in the fourth quarter of 2011 to the second lowest level in more than four years, a significant shift that could be due to evolving lender and mortgage servicer policies and changing market conditions.

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California, New York move closer to foreclosure-abuse deal

WASHINGTON - California and New York, the key holdouts in a long-awaited settlement over foreclosure abuses, moved closer Monday to backing a deal that would force the five largest mortgage lenders to reduce loans for about 1 million households.

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Calif., N.Y. mull bank deal over mortgages

WASHINGTON — California and New York were considering Monday whether to join most other states in backing a long-awaited settlement with banks over foreclosure abuses.

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California not among states that OK bank settlement

More than 40 states signed onto a proposed $25-billion deal with major mortgage servicers over faulty foreclosure practices. New York, Nevada and Delaware joined California in holding out for better terms. More than 40 states signed onto a proposed $25-billion settlement with major mortgage servicers over faulty foreclosure procedures, but California, New York and other key states were still not ...

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