Another year, another California budget deadline missedLos Angeles Times, CA - 47 minutes agoBy Evan Halper, Los Angeles Times Staff Writer SACRAMENTO — California starts the new budget year today — and once again no budget is in place. …
Washington PostJumping Payments Raise Foreclosure ProjectionsWashington Post, United States - 2 hours agoDeclining home prices have made it impossible for many of these homeowners to refinance. It will not be clear for months how many will lose their homes, …
Wachovia to discontinue Pick-A-Pay loans - UpdateRTT News, NY - Jun 30, 2008(WB: News, Chart, Quote ) said it is waiving all prepayment fees related to its Pick-A-Pay mortgage and would stop offering products with negative …
Los Angeles TimesMozillo exits stage a fallen heroLos Angeles Times, CA - 1 hour agoAngelo Mozilo will step down Tuesday as the head of Countrywide Financial Corp., the company he founded 39 years ago and built into the largest mortgage …Florida sues Countrywide over mortgages ReutersFlorida attorney general sues Countrywide San Jose Mercury NewsFlorida attorney general sues lender Countrywide ForbesMinneapolis Star Tribune - Los Angeles Business Journal (subscription)all 71 news articles
BusinessWeekPosted by: Dean Foust on June 30BusinessWeek - 44 minutes agoWhile much of Wall Street was in shock that Wachovia would acquire a big California mortgage lender at the top of the housing bubble, Wachovia execs acted …
Pick-A-Pay's Had Its DayForbes, NY - Jun 30, 2008Don Vecchiarello, a spokesman for Wachovia, told Forbes.com the lender is letting people escape prepayment fees –essentially allowing them to refinance and …
Los Angeles TimesLetter of the day: Conrad defends mortgages with CountrywideMinneapolis Star Tribune, MN - 2 hours agoIn fact, I just got a spam e-mail from Countrywide last week offering up to one-point off the discount points on a refinance. In 2004, I also financed an …Piling on Angelo Mozilo??? Huffington Postall 71 news articles
Wachovia halts negative amortization mortgagesMarketWatch - Jun 30, 2008Wachovia agreed to acquire Golden West for more than $24 billion in May 2006, taking the bank deep into the mortgage market in California and other …
Southern California bloggers fight housing 'bailout'Trading Markets (press release), CA - 1 hour agoSomeone can get a cash-out (refinance), buy a boat with the money and then get his principal written down," said Rich Toscano, a financial adviser with …
Wachovia eliminates pick-a-pay loansBizjournals.com, NC - 3 hours agoWachovia Corp. is making changes to its controversial "pick-a-payment" mortgage loans and eliminating loans that can lead to higher loan balances over time …