Central Valley awash in worthless homes
Mortgages exceed home values across the Central Valley, with more than six out of ten homes in Stockton, for example, underwater, according to new reports Thursday from real estate information company CoreLogic Inc. of Santa Ana. While Stockton is the deepest underwater market reported by CoreLogic,...
Mortgage Fraud Is Rising With a Twist
By ROBBIE WHELAN, WSJ New data suggests that mortgage fraud—which got tougher to pull off after the collapse of the U.S. real estate market—is returning in a big way. Data prepared for The Wall Street Journal by research firm CoreLogic, examining about seven million home loans made by hundreds of...