state sites for foreclosure help

NEWS

• Speaker Pérez and Assemblymember Fuentes: Helping Homeowners Critical to Recovery
• Assembly Passes Legislation to Help Taxpayers
• Governor Schwarzenegger Signs Mortgage Protection Legislation
• Foreclosure-mediation laws not much help
• Foreclosure Mediation Programs Aren’t Working Because of Net Present Value (NPV) Calculations
• US home foreclosure mediation in jeopardy – report
• State Foreclosure Prevention Ineffective, Study Shows (Update2)
• Report Finds US Foreclosure-Mediation Programs Falter
• More Loan Mod Problems Reported
• Report: BOA Among Worst For Loan Mods
• New head of State Bar of California assails mortgage modification scammers
• Why the foreclosure crisis isn’t improving
• more…

MEDIA CENTER

VIDEO

Home Front: California agency looks at ways to stem defaults ShareThis

Upstairs in Sacramento’s fashionable Senator Office Building, three full-time staffers and a steering committee of 12 are hurriedly crafting solutions to the raging mortgage crisis that neither banks nor the federal government has been able to stop. Read more…

Fighting for Mortgage Reform

http://www.youtube.com/v/PNU6WCSMPV0&hl=en&fs=1&

(Sacramento) One California state lawmaker is fighting to reverse the mortgage meltdown. State Assemblymember Ted Lieu (D-Torrance) says its time for financial institutions that have been bailed out by taxpayer dollars to do more to keep struggling homeowners in their homes. A new law authored by Assemblymember Lieu will force lenders to run a comprehensive loan modification program or face a 90 day foreclosure moratorium. And, Lieu says, his California Foreclosure Prevention Act is just the first step so hes introduced new legislation that will end some of the worst practices of the subprime loan industry. Heres more in this Assembly Web Report.

Foreclosure Relief Bill Headed to Governor’s Desk

http://www.youtube.com/v/XExe0-jcnGA&hl=en&fs=1&rel=0

(Sacramento) – Legislation by Assembly Speaker Karen Bass (D-Los Angeles) and Senate President pro Tem Don Perata (D-Oakland) providing immediate relief to homeowners caught in the mortgage crisis is on its way to the Governor’s desk. As we learn in this Assembly Web Report, SB 1137 would require lenders to contact property owners to attempt to avoid foreclosure, provide tenants additional time to move from a foreclosed property and mandate maintenance of foreclosed properties to diminish the impact on the value of neighboring homes. The legislation is an urgency measure, meaning it will become law once the Governor signs it.

Fixing the Foreclosure Crisis

http://www.youtube.com/v/rF8VKe_vK3g&hl=en&rel=0

(Sacramento) – As the mortgage meltdown in America continues to cause stress and strain for thousands of families, Assembly Democrats in the California State Legislature are working to reform the mortgage industry, hoping the proposed regulations will mitigate the financial pain. Led by Assembly Speaker Karen Bass (D-Los Angeles) and Assemblymember Ted Lieu (D-Torrance), Assembly Democrats have crafted a package of legislation designed  to change the way home loans are prepared and implemented. Here’s more on the Assembly Democrat’s mortgage crisis relief and reform package in this Assembly Web Report.

Assemblymember Caballero Helping Constituents With Mortgage Crisis Issues

http://www.youtube.com/v/R5pLho83XKw&rel=1

(Sacramento) – The sub-prime mortgage crisis continues to ravage families throughout California and the nation. Assemblymember Anna Caballero (D-Salinas) says in 2007 home foreclosures skyrocketed in her 28th Assembly District that includes portions of Monterey, San Benito , Santa Clara  and Santa Cruz counties.  A package of Democratic measures to relieve some of the problems in the mortgage industry  continues to move forward in the Assembly. As we learn in this Assembly Web Report, Assemblywoman Caballero is bringing helpful information directly to her constituents by hosting mortgage crisis forums throughout her district.

Assembly Democrats Take Action to Relieve Sub-prime Mortgage Crisis

http://www.youtube.com/v/QaooIYl2hd4&rel=1

(Sacramento) – As the sub-prime mortgage crisis continues to ravage families throughout the state and the nation Assembly Democrats are moving forward with legislation to help consumers who are in danger of losing their homes. Yesterday afternoon the Assembly Committee on Banking and Finance approved legislation from Assemblymembers Ted Lieu, Karen Bass and Alberto Torrico that will require lenders to report how they’re helping consumers who face possible foreclosure, that will keep “foreclosure consultants” from using predatory methods to take advantage of homeowners and that will require lenders to provide more and better notifications to homeowners of expected mortgage payment hikes.

Assembly Democrats on Mortgage Crisis

http://www.youtube.com/v/xHol_uxp1LQ&rel=0

(Sacramento) — Assembly Democrats, led by Speaker of the Assembly Fabian Núñez, are calling for a special legislative session to address the growing foreclosure crisis. The Speaker and the Assembly Democrats have introduced a package of bills designed to stem the rising tide of foreclosures and keep the problem from happening again in the future. As we learn in this Assembly Web Report the Center for Responsible Lending says nearly 180,000 California homes will be lost to foreclosure from the 826,900 sub-prime loans made in 2005-2006 alone. Thousands of families are suffering and California could lose nearly $3 billion in property tax revenue.

Stockton Foreclosure Rates Worst in Nation

http://mfile.akamai.com/14081/wmv/vod.ibsys.com/2007/1115/14600265.200k.asx

Stockton has the worst foreclosure rates in the nation for the third quarter of this year and Sacramento is not far behind.

Lawmakers Look for Foreclosure Fixes

http://mfile.akamai.com/14081/wmv/vod.ibsys.com/2007/1102/14498802.200k.asx

Part of the government’s new program encourages people to get help before they’re too deep in debt….Nov 02, 2007

Modesto Leads in Foreclosures Nationwide

http://mfile.akamai.com/14081/wmv/vod.ibsys.com/2007/0919/14145823.200k.asx

The sub prime lending mess created a housing bubble in the Sacramento Valley. In August, Modesto had more foreclosures than any other city in the nation….Sep 18, 2007

Bush Announces Initiatives for Mortgage Crisis

http://mfile.akamai.com/14081/wmv/vod.ibsys.com/2007/0831/14024625.200k.asx

President Bush announces several initiatives to address the escalating mortgage crisis and help homeowners who are facing foreclosure….Aug 31, 2007

All Stories on KCRA.com with Foreclosure in the heading

http://www.youtube.com/v/ge5mx3cyNLM&rel=0

Speaker Fabian Núñez on the Home Mortgage Crisis – part 1

http://www.youtube.com/v/t9kRZZxFkzI&rel=0

Speaker Fabian Núñez on the Home Mortgage Crisis – part 2

http://www.youtube.com/v/n1nQgiqHy44&rel=0

Speaker Fabian Núñez on the Home Mortgage Crisis – part 3

http://video.google.com/googleplayer.swf?docId=-6796823761430488459&hl=en

Assembly Banking and Finance Committee Chair Ted Lieu on the Home Mortgage Crisis

http://video.google.com/googleplayer.swf?docId=4566431094117868557&hl=en

Assembly Banking and Finance Committee Chair Ted Lieu on the Home Mortgage Crisis (part 2)

http://video.google.com/googleplayer.swf?docId=6265790924257265530&hl=en

Assemblymember Kevin de León on the Home Mortgage Crisis

http://video.google.com/googleplayer.swf?docId=-5026681319705120773&hl=en

Assembly Labor and Employment Committee Chair Sandré Swanson on the Home Mortgage Crisis

http://video.google.com/googleplayer.swf?docId=6654387921883820208&hl=en

Assembly Judiciary Committee Chair Dave Jones on the Home Mortgage Crisis

http://video.google.com/googleplayer.swf?docId=-9170833597049132957&hl=en

Assemblymember Kevin de León on the Home Mortgage Crisis (In Spanish)

http://video.google.com/googleplayer.swf?docId=7005864128976048040&hl=en

Assemblymember Kevin de León on the Home Mortgage Crisis – (part 2) (In Spanish)

AUDIO

• Assemblymember Ted Lieu, Chair of the Banking and Finance Committee says President’s Bush proposal falls far short of what is needed in California.
• Assemblymember Ted Lieu, Chair of the Banking and Finance Committee  says that what we need to do is take all those borrowers who have sub-prime loans that could have qualified initially and convert them to fixed rate loans.  This is about 55% to 61% of all sub-prime loans
• Assemblymember Ted Lieu, Chair of the Banking and Finance Committee says that in California 12,000 homeowners per week receive foreclosure notices.
• Assemblymember Ted Lieu, Chair of the Banking and Finance Committee says that we need to address the mortage crisis right away on a special session of the legislature.
• Speaker Fabian Núñez says California is being hit extremely hard by the foreclosure crisis.
• Speaker Fabian Núñez says thousands of California families are being hurt by the problem.
• Speaker Fabian Núñez says the foreclosure crisis is hurting the state budget as well.
• Speaker Fabian Núñez says the Governor should call a special session to deal with legislation on the issue.
• Assembly Banking and Finance Committee Chair Ted Lieu (D-Torrance) says the foreclosure crisis will get worse unless action is taken.
• Assembly Judiciary Committee Chair Dave Jones (D-Sacramento) says the foreclosure crisis is turning the American dream of home ownership into a nightmare.
• Assembly Labor and Employment Committee Chair Sandré Swanson (D-Oakland) says the middle class and the economy are being drag down by the foreclosure crisis.

NEWS

• Foreclosure-mediation laws not much help
• Foreclosure Mediation Programs Aren’t Working Because of Net Present Value (NPV) Calculations
• US home foreclosure mediation in jeopardy – report
• State Foreclosure Prevention Ineffective, Study Shows (Update2)
• Report Finds US Foreclosure-Mediation Programs Falter
• More Loan Mod Problems Reported
• Report: BOA Among Worst For Loan Mods
• New head of State Bar of California assails mortgage modification scammers
• Why the foreclosure crisis isn’t improving
• Major Banks Still Grappling With Foreclosures
• EDITORIAL: Try foreclosure solution
• Backlash against banks growing over mortgage modifications
• How One City May Punish Banks for Foreclosures
• Fla. Supreme Court’s foreclosure task force recommends mandatory mediation for primary homes
• Homeowners Avoiding Foreclosure Through State Mediation
• Record Number of Foreclosures Scheduled for Sale
• Bill would make new loan caps permanent
• Number of foreclosures surging in South Bay, throughout state
• Vallejo bankruptcy reveals need for transparent union contracts
• Report: Central Valley foreclosures make California more affordable
• Homeowner association fees, budgets dwindle
• Foreclosure statistics tell different stories to different interpreters
• Home Front: Sacramento-area renters suffer from foreclosures
• Home sales in San Francisco Bay area jump 29 percent
• Home sales hit 8-month high
• Senators reach deal on foreclosure legislation
• Home sales rise in Riverside County
• House, condo renters latest victims of foreclosure crisis
• Home Foreclosure Prevention Workshops – Merced & Los Banos
• Home Foreclosure Prevention Workshop – Tracy
• Torrico Bill Aiding Renters Caught In Foreclosure Squeeze Passes Assembly Committee
• Lieu, Assembly Democrats Introduce Comprehensive Subprime Lending Reform Legislation
• Lieu: Dataquick’s Release of New Foreclosure Data Shows Schwarzenegger and Bush Plans Failing
• Banking Committee Passes Lieu Bill To Force Data Disclosures By Mortgage Lenders
• Lieu Introduces Legislation Forcing Mortgage Lenders To Disclose Data About Efforts To Help Homeowners
• Assembly Banking and Finance Chair Lieu and Assembly Labor and Employment Chair Swanson Issue Statement in Response to Governor Schwarzenegger’s Latest Proposal to Tackle Subprime Mortgage Crisis
• California Assembly Banking and Finance Chair Ted Lieu’s Statement in Response to President Bush’s Most Recent Subprime Mortgage Plan
• California Assembly Banking and Finance Chair Ted Lieu on President Bush’s Proposal to Address the Subprime Mortgage Crisis
• Falling rates raise interest in home sales
• Faces of foreclosure
• Lawmakers plan to tackle housing crisis
• Assemblyman Solorio Calls Upon Countrywide To Freeze Interest Rates And Forclosures
• Assembly Democrats Take the Lead on the Subprime Mortage Crisis, While the GOP “Yacht Caucus” Sees Nothing but Calm Seas Ahead
• Calif. Democrats seek special legislative session on foreclosures
• Success fails to keep ‘yacht tax’ afloat
• Subprime measures proposed in California Assembly
• Democrats seek action on lending issues
• Plea for foreclosure help
• Help urged on foreclosures
• Officials act to forestall foreclosures, Nuñez urges legislative session, Schwarzenegger touts homeowner services and Paulson seeks breaks on rates.
• Núñez calls on governor to declare special session on subprime lending
• Foreclosures to have ‘profound’ impact, report warns
• Help urged on foreclosures
• State Democrats draft bills on subprime crisis
• Núñez calls on governor to declare special session on subprime lending
• Officials act to forestall foreclosures
• Calif. Democrats seek special legislative session on foreclosures
• Plea for foreclosure help
• Newsom asks lenders to offer more help to those facing foreclosure
• A Sea Change in California on the Sub Prime Mortgage Crisis
• Subprime measures proposed in California Assembly
• State Democratic lawmakers pitch new subprime lending laws
• Democrats unveil bills to slow foreclosure rate
• State lawmakers wade into sub-prime crisis
• Assembly Democrats to One Up Schwarzenegger on Sub-Prime Loan Crisis
• Countrywide Public Foreclosure Protests Held in Santa Ana … More to Follow
• Assembly Democrats Call for Special Session, Introduce Broadbased Legislative Package to Help Address Subprime Mortgage Foreclosures
• Sacramento Bee: A plan to avoid foreclosures and aid borrowers
• Governor touts loan relief role
• Homeowners’ big question
• $1.5 billion could be lost in county
• Markets drop on recession concerns
• Home sales at lowest level in 20 years
• Mortgage crisis expected to cost Bay Area $5.4 billion next

Assembly Democratic Caucus : Disclaimer : © 2009 California State Assembly