Southern California Mortgage Crisis

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“It’s Your Call” KVCR TV – Credit & Loan Modifications

17. July 2009

Broadcast 7/17/09 - It's Your Call on KCVR. Host Roger Bowman had guests Tanisha Mason, Homeownership Retention Counselor from Neighborhood Housing Services of the Inland Empire, Inc., Melinda Opperman, Vice President of Community Outreach for Springboard, a non-profit Consumer Credit Management firm, and April Landry, a Certified Financial Counselor also with Springboard. They discuss credit management and loan modification applications. WATCH HERE.

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The median price for an existing, single-family detached house in California declined 30 percent to $267,570 -CA Assoc. of Realtors [#]
California ranked highest nationally in the overall number of foreclosure filings in May, totaling 92,249, according to RealtyTrac. [#]
Survey by U of Michigan reports 77% of homeowners in West experienced value declines, the nation's highest rate, compared to 51% in South. [#]
As of today, California is imposing a 90-day foreclosure moratorium. It's the California Foreclosure Prevention Act. [#]
The number of foreclosures filed in May was so high as to make May the third highest month on record. [#]

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