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• Calif. AG Presses Servicers For Loan Mod Details - Mortgageorb

  ... creating a new wave of foreclosures." California homeowners hold almost 60% of the nation's option-ARMs originated between 2004 and 2008. ...

• Those near foreclosure need law on their side - San Francisco Chronicle

  In 33 states, including California, homeowners don't even have to be personally served with a foreclosure notice. Tenants have stronger protections. ...

• Foreclosure Epidemic Worsens With 1 Million New Filings - NuWire Investor

  More Option Arms were sold in the hardest hit states than any others, accounting for the highest rates of foreclosures. California alone accounted for ...