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Foreclosure relief program is extended, expanded

1/28/2012 2:00 AM

The mortgage modification program is extended another year and expanded to include investors. Large banks will get more incentives to help struggling homeowners.....Struggling homeowners are set to get more help from the federal government as the Obama administration extends its key foreclosure prevention plan for a year.

Two Obama initiatives to address foreclosure crisis face hurdles

1/26/2012 2:00 AM

The president's proposals include an expanded refinancing plan for struggling homeowners and a new, aggressive probe of financial firms' mortgage practices.....Two new initiatives from President Obama to address the foreclosure crisis — more help for struggling homeowners and aggressive investigations of financial firms — face sig...Read More

Initial foreclosure filings fall 11.9% in fourth quarter

1/25/2012 2:00 AM

Fewer California borrowers entered foreclosure during the final three months of the year, according to new data. But the holiday respite, coming after a sharp summer increase in new defaults, may not last.

1/23/2012 2:00 AM

Korman Communities plans to turn the Crescent Beverly Hills apartments into AKA Beverly Hills. Rent for the AKA's 88 suites will start at about $400 a night.....A Pennsylvania developer has spent $85 million on a Beverly Hills apartment complex it plans to turn into a luxurious extended-stay hotel.

Less Scary in Tarzana

1/22/2012 2:00 AM

Singer Melanie Brown, once known as Scary Spice, and her husband, producer Stephen Belafonte, put their Tarzana compound on the market at $3.45 million.....Singer Melanie Brown — Scary Spice from her days with the Spice Girls — and her husband, producer Stephen Belafonte, have put their Tarzana compound on the market at $3.45 ...Read More

Home of the Week: Hermosa Beach contemporary hugs the sand

1/22/2012 2:00 AM

The three-bedroom, four-bathroom house south of the Hermosa Beach Pier evokes a glass-clad lifeguard tower angled toward the water. It lists for $6.5 million.....Hugging the sand south of Hermosa Beach Pier, this three-story contemporary evokes a glass-clad lifeguard tower angled toward the water. The main living areas, the master bedroom and...Read More

Fannie Mae and Freddie Mac revise policies on mortgage forbearance

1/22/2012 2:00 AM

On loans they own or have securitized, Fannie and Freddie are directing servicers to suspend or reduce monthly payments when a borrower can show a job loss.....If you have lost a job and are in danger of falling behind on mortgage payments, here's some potentially important news: The two largest players in mortgages, Fannie Mae and Freddie Ma...Read More

Tenant can't just cancel his decision to move out

1/22/2012 2:00 AM

A renter gave written notice that he would vacate, then changed his mind. What are the landlord's rights?....Question: I own a four-plex in an area where rental rates have recently begun to increase. I had not raised the rents on my property in several years, so I recently gave a 30-day notice of an 8% increase to my tenants. One told me he ...Read More

Rate on 30-year mortgage down to record 3.88%

1/19/2012 9:42 AM

The average rate on the 30-year fixed mortgage fell again this week to a record low. The eighth record low in a year is attracting few takers because most who can afford to buy or refinance have already done so.

1/18/2012 12:44 PM

Sales activity in the Bay Area showed some improvement in December, but like Southern California’s housing market, prices continued to trend lower.