Creditor Objects to Stockton, Calif., Bankruptcy PlanWall Street JournalFranklin criticized city leaders for not demanding lower payments to the California Public Employees’ Retirement System. The city … Stockton’s leaders put the city into bankruptcy on June 28, 2012, blaming the real estate crash that crippled its tax … and more …read more
Monthly Archives:: February 2014
Weibel Family Vineyards opens Downtown Lodi tasting room – Lodi News-Sentinel
Weibel Family Vineyards opens Downtown Lodi tasting roomLodi News-SentinelThe Weibels are among the few California winemakers allowed to have the word “Champagne” on two of their sparkling wine labels. That’s because they were already making the bubbly before 2006, when the wine label law changed to make “Champagne” … …read more
Madera County reports third flu-related death of season – Fresno Bee
Fresno BeeReal Estate Blog will return. BoNhia Lee’s Real Estate Blog will return. … Cathleen Galgiani, D-Stockton, are the latest to. … Hospitals in California are required to contact county health departments about influenza deaths of children and adults … …read more
The One Piece Of Data That Could Pop London’s Housing Bubble – Forbes
The One Piece Of Data That Could Pop London’s Housing BubbleForbesPrices are shooting up at unprecedented rates, with a 10 percent jump recorded in just one month, and supply is so low that dozens of people end up bidding on every property. All the while, real estate agents are rubbing their hands with glee as […]
Freddie Mac predicts moderate multifamily growth
Freddie Mac’s multifamily outlook report projects that growth will be favorable in 2014, but will also moderate and become more in line with long-run historical levels. …read more
Reform opponents worry House measure guts CFPB
Opponents of CFPB overhaul are starting to marshal their efforts as they see major threat to bureau’s effectiveness. …read more
Is Ocwen built on the wrong regulatory foundation?
William Erbey’s lines of businesses are starting to be questioned by those in the industry. Erbey built a servicing empire of mind-aching complexity, but how stable is it? …read more
S&P: 3 reasons REO-to-rental bonds are not triple-A
“Our primary reservations regarding the sector… revolve around the industry’s operational infancy, historical performance, the current business model’s ability to withstand extreme economic conditions,” the company said in a statement. …read more
More rain in central San Joaquin Valley; Sierra snow expected into weekend – Fresno Bee
More rain in central San Joaquin Valley; Sierra snow expected into weekendFresno BeeBoNhia Lee’s Real Estate Blog will return. Click to Continue » … Cathleen Galgiani, D-Stockton, are the latest to. … The northern and central Sierra snowpack normally provides about a third of the water used by California’s cities and farms … and more […]
Caliber Home Loans appoints new EVP
Caliber Home Loans appointed John Bianchi as executive vice president of retail, where he will play a key role in the future expansion. …read more
Find out why pending home sales are flat
January pending home sales were a wash, with gains in the South and Northeast offsetting declines in the West and Midwest. …read more
First Horizon settles reps and warrants claim with Freddie Mae
First Horizon National Corp. entered a definitive resolution agreement with Freddie Mac over the loan repurchases process, settling all representation and warranty claims related to loans sold from 2000 to 2008. …read more
Bad news: 4Q GDP tumbles 25% from initial estimate
GDP growth in all of 2013 is now estimated as lower than 2012, and fourth quarter GDP growth has been revised downward 25%. …read more
Bad news: GDP tumbles 25%
GDP growth in all of 2013 is now estimated as lower than 2012, and fourth quarter GDP growth has been revised downward 25%. …read more
Did Fed actions lead to the housing bubble? Greenspan shrugs
With the publication of Alan Greenspan’s new book we get to see that it’s not just the current crop of central bankers who can be book-smart but range-blind. …read more