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California Home Loans News is an EIN News Service for banking industry professionals. Constantly updated news and information about California Banking.
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  • Freddie Mac Posts Loss, Says It Doesn't Need Aid 7 Nov 2009 07:37 GMT
    ... , the mortgage-finance company in government conservatorship, posted a narrower ... 2.6 million defaults, scheduled foreclosure auctions or bank repossessions occurred in the first nine months ... mortgages from lenders, freeing up cash at banks to make more loans. They profit on ...

  • Fannie's Draws From Emergency Treasury Fund Reach $60 Billion 6 Nov 2009 06:18 GMT
    ... 2.6 million defaults, scheduled foreclosure auctions or bank repossessions occurred in the first nine months ... mortgages from lenders, freeing up cash at banks to make more loans. The companies make ... to guarantee securities they create out of home loans from lenders. The Federal Housing Finance Agency ...

  • First PacTrust Bancorp, Inc. Announces 3rd Quarter and Year to Date 2009 Earnings (Unaudited) 6 Nov 2009 11:11 GMT
    ... CHULA VISTA, Calif.--(BUSINESS WIRE)-- First PacTrust Bancorp, Inc. (Nasdaq: ... ), the holding company for Pacific Trust Bank, announced third quarter and nine months results ... insurance investment 17,846 17,565 Advances from Federal Home Loan Bank 150,000 175,000 Shareholders' equity 97,014 98,723 ...

  • Fannie Mae offers borrowers option to foreclosure 6 Nov 2009 00:11 GMT
    ... participated. The two companies purchase loans from banks and sell them to investors. Together, they ... they own or guarantee almost 31 million home loans worth about $5.5 trillion, about half of ... months ago. To find out whether your home loan is owned by Fannie Mae or ...

  • Fannie Mae to allow troubled borrowers to hand over deeds to homes and then rent 6 Nov 2009 00:18 GMT
    ... participated. The two companies purchase loans from banks and sell them to investors. Together, they ... they own or guarantee almost 31 million home loans worth about $5.5 trillion, about half of ... ago. ___ To find out whether your home loan is owned by Fannie Mae or ...

  • First PacTrust Bancorp, Inc. Announces 3rd Quarter and Year to Date 2009 Earnings (Unaudited) (BIZ) 6 Nov 2009 11:10 GMT
    ... Hans Ganz, President and Chief Executive Officer, stated, "The ... 30, 2009 to $5.3 million as the bank sold all properties owned with the exception ... insurance investment 17,846 17,565 Advances from Federal Home Loan Bank 150,000 175,000 Shareholders' equity 97,014 98,723 ...

  • Fannie Mae offers borrowers facing foreclosure option to rent 6 Nov 2009 18:11 GMT
    ... in places like Phoenix or Orange County, Calif., where homeowners are stuck paying large mortgage ... participated. The two companies purchase loans from banks and sell them to investors. Together, they own or ... they own or guarantee almost 31 million home loans worth about $5.5 trillion, about half ...

  • The last analyst says goodbye to FirstFed 6 Nov 2009 23:03 GMT
    ... comments on the parent of First Federal Bank of California in February, when he advised investors to ... for those who can’t be helped. Single-family home loans that were 60 to 89 days delinquent ...

  • Bank of America Introduces Clarity Commitment(TM) for Home Equity Products 3 Nov 2009 13:14 GMT
    ... CALABASAS, Calif., Nov. 3 /PRNewswire-FirstCall/ -- Bank of America announced today that its popular ... announced today that its popular Clarity Commitment(TM) home loan summary - a consumer-friendly document hailed as ... tangible demonstration of the Bank of America Home Loans brand promise to lend responsibly and help ...

  • Loan Modification Fantasy League, How Bad Did Your Bank Do 1 Nov 2009 20:16 GMT
    ... Loan Modification Fantasy League, How Bad Did Your Bank Do If you're new here, you may ... HomeEq Servicing, Sacramento, California 3.   Home Loan Services Inc., Pittsburgh, Pennsylvania 4.   ...

  • Five More Stress-Free Banks 4 Nov 2009 04:36 GMT
    ... Upstanding banks you can invest in without losing sleep ... in the second quarter of 2008. The bank has a simple business model: It writes jumbo home loans to borrowers with immaculate credit histories. Hudson ...

  • Sterling Savings Bank Launches Website for Sterling-Financed Properties 5 Nov 2009 21:52 GMT
    ... Continues Special Financing on Jumbo and Condo Loans aimed ... aimed at homebuyers looking at builder and bank-owned properties. Both banks are subsidiaries of lists ... offers. Interested parties can also call Sterling's Home Loan Center at (888) 671-1113. ABOUT STERLING SAVINGS ...

  • The Future of Lending in the United States 4 Nov 2009 03:31 GMT
    ... still in danger of losing their homes, banks are facing significant losses, and the government is ... business and currently, the CEO for Voyage Home Loans, a mortgage business located in Sacramento, California. An honors graduate from the School of ...

  • housing, foreclosures, Obama, lending 4 Nov 2009 03:31 GMT
    ... still in danger of losing their homes, banks are facing significant losses, and the government is ... business and currently, the CEO for Voyage Home Loans, a mortgage business located in Sacramento, California. An honors graduate from the School of ...

  • California American Water Appoints Former Senator Kevin Murray to Board of Directors 1 Nov 2009 19:41 GMT
    ... California American Water announced today that Kevin Murray, ... sits on several boards, including the Federal Home Loan Bank of San Francisco and Premier Power, a ...


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