Brea Real Estate News
Real Estate news for Brea, CA continually updated from thousands of sources.
Monday Feb 8 | via Patch.com
A real estate agent and son of a former Lake Forest pastor faces up to 45 years in prison for molesting two young girls. The son of a former Lake Forest church pastor was convicted today of molesting two girls whose families he befriended through his father's congregation. Comment?
Saturday Feb 6 | via The Wave
Buyers looking to take advantage of current low interest rates, looking for an escape from escalating rents, and in search of a personal income tax write off beware of the barriers you may face when choosing a home to purchase. These barriers to buying currently come in a number of forms and carry a range of monetary consequences. Comment?
Wednesday Feb 3 | via The Wave
SAN CLEMENTE City leaders are looking to tighten regulations for vacation rentals in the city, as they try to control a proliferation of short-term rentals and impacts on residential neighborhoods. Some residents asked the City Council on Tuesday night for relief from party houses, noise and parking issues. Comment?
Wednesday Feb 3 | via National Mortgage News
Seven Orange County residents were arrested Tuesday and now face federal fraud charges in connection with a boiler room mortgage loan scheme that required homeowners to pay thousands in upfront fees. A federal grand jury in Connecticut returned an indictment on Aria Maleki, 33, Serj Geuttsoyan, a.k.a. "Anthony Kirk," 33, both of Santa Ana, Mehdi Moarefian, a.k.a. "Michael Miller," 36, Daniel Shiau, a.k.a. "Scott Decker," 30, both of Irvine, Kowit Yuktanon, a.k.a. "Eric Cannon," 31, Michelle Lefaoseu, a.k.a. "Michelle Bennett," 41, both of Huntington Beach and Cuong Huy King, a.k.a. "James Nolan" and "Jimmy, 32, of Westminster. Comment?
Monday Feb 1 | via Business Wire
Also on February 1, 2016, Orange County Business Bank was merged with and into HomeStreet Bank. The acquired bank will operate as a division of HomeStreet Bank until the conversion of core operations, which is expected to occur by the second quarter of 2016. Comment?
Monday Feb 8 | via Pasadena Star-News
California is routinely ranked as one of the most expensive places to live in the nation, mostly due to our state's sky-high housing costs. In fact, the average price of a California home is roughly $440,000, more than double the national average of $179,000. Comment?
Jun 20, 2012 | via City Journal
Say this for the $92 billion budget that California's legislature sent to Governor Jerry Brown on Friday: at least it wasn't late. 'The deadline was met,' state senate leader Darrell Steinberg announced with little fanfare or much evident pride. Comment?
Oct 19, 2008 | via City Journal
Treasury secretary Hank Paulson has spent the past six months using the trillions of dollars in promises and loans that only the government is powerful enough to make to avert the immediate collapse of the insurance giant AIG and those two mortgage behemoths, Fannie Mae and Freddie Mac. Government officials had hoped that their actions would persuade the financial world's private lenders, trading partners, and customers to stop fleeing financial institutions in a Depression-style terror. Comment?
Friday Feb 5 | via Local TV Station KTVZ
The Oregon Department of Consumer and Business Services warned consumers Thursday not to seek loan modification services from Liberty One Mortgage, a California-based unlicensed and unregistered company that has engaged in mortgage fraud. The department, through its Division of Financial Regulation, has issued two orders requiring Liberty One Mortgage to stop all unlawful activity in Oregon and assessed $30,000 in civil penalties against the company. Comment?
Thursday Feb 4 | via Business Wire
A detailed list of rating actions follow... )--Fitch Ratings has affirmed 10 classes of UBS Commercial Trust 2012-C1 commercial mortgage pass-through certificates. A detailed list of rating actions follo... )--Westin Hotels & Resorts, part of Starwood Hotels & Resorts Worldwide, Inc. , today announced that the highly-anticipated Westin Nashville will o... )--Second row in list of dates for release dated February 2, 2016, should read: Ex-date: 02/11/2016 . Comment?
Monday Feb 8 | via CKNW News Talk 980
The controversial real estate technique was uncovered in a bombshell Globe and Mail investigation this weekend, and has renewed the debate over what's driving housing prices in Vancouver. It allows realtors and investors to flip a property multiple times before a sale is even complete, jacking up the price along the way. Comment?
Monday Feb 8 | via AmericanBankingNews.com
According to Zacks, "Blackstone Mortgage Trust, Inc. is a real estate investment trust. It operates as a real estate finance and investment management company. Comment?
Monday Feb 8 | via AmericanBankingNews.com
According to Zacks, "Bankinter is in the financial services industry. They are a banking entity subject to the supervision of the Bank of Spain and the Spanish National Securities Market Commission. Comment?
Monday Feb 8 | via Seeking Alpha
Two Harbors Investment's stock is down ~26% over the last year as income investors turned their backs on the mortgage investment sector. Two Harbors retains potential to grow servicing income, though, and has a history of earning excess returns compared to the Pine River Mortgage REIT Index. Comment?
Monday Feb 8 | via The Globe and Mail
Vancouver MLA David Eby called for an independent inquiry Sunday. He credits The Globe investigation for pushing the government into doing something concrete about Vancouver's real estate woes. Comment?
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