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California Real Estate - Page 2

Scope of California Homeowner Bill of Rights Narrowed by Recent Negotiations

California's proposed Homeowner Bill of Rights , originally proposed by the state's attorney general Kamala Harris and covered here has been modified extensively following what the Center for Responsible Lending (CRL) calls six weeks of intense negotiation with banks, legislators, the attorney general and consumer groups. Among the changes reported by CRL is a narrowed scope for both the loans and servicers covered by the bill. The only loans to which the bill will now apply are first mortgages on... Ref. Source 7

Estate Real California

Eminent domain proposal for mortgages gains traction in California:

Cities in the Golden State are once again testing a controversial mortgage relief plan that could use local eminent domain powers to help residents stung by the last housing crisis. El Monte is the latest city to weigh the plan - opposed by the financial industry but embraced by some housing advocates and city councils. Ref. Source 9

California Real Estate History & Civil Business Politics

Commission OKs convention expansion

Overriding the objections of its own staff, the California Coastal Commission on Thursday cleared the way for a $520 million expansion of San Diego's convention center. The commission's unanimous approval removes a ... Ref. Source 1?

Page 2 Estate Real California

Controversial Calif Plan to Reduce Foreclosures: Video report:

Officials in a struggling California city are pushing a plan to use the power of eminent domain to seize "Underwater" Mortgages and help homeowners at risk of foreclosure. But some say the plan is illegal and could hurt the local economy. Ref. Source 6

Estate Real California

Housing distress drops in SoCal

Distressed housing in Southern California declined to seven-year lows in the third quarter, DataQuick reported Tuesday. Overall foreclosures were down 18.1 percent from the ... Ref. Source 3

California Real Estate

California Homes Now Affordable to only 1/3 of Californians

Housing affordability is on a prolonged downhill slide in California, falling for the sixth time in the third quarter of 2013. As measured by The California Association of Realtors® Ref. Source 5

California Real Estate - Page 2

NAR: Build More Houses Please!
Mortgage News

In a market with tight inventory, California homes are selling the fastest.
Source

California Real Estate Politics Business Civil & History - Page 2

Nuke settlement to cost customers $3.3B

A nuclear-plant settlement would saddle Southern California utility customers with $3.3 billion in charges over the objections of several consumer groups who were left out of negotiations. In the wake of the ... Ref. Source 1