''New'' Loan Limits Anything But, Says CALIFORNIA ASSOCIATION OF REALTORS(R); OFHEO Blows Opportunity to Improve ... (Business Wire via Yahoo! Finance)
LOS ANGELES----The cost of financing a home remains out of reach for many households in California in the wake of the Office of Federal Housing Enterprise Oversight conforming loan limits for 2008, announced earlier today, according to CALIFORNIA ASSOCIATION OF REALTORS®.

Gov. Schwarzenegger Works With Lenders to Cut Home Loan Defaults (Multi-Housing News)
Los Angeles -- California Gov. Arnold Schwarzenegger has cracked a deal with four of the state's largest mortgage lenders to reduce the home loan default rate caused by the subprime mortgage market collapse, The Financial Times reports.

Jurgen Klinsmann's California dreaming could turn into England's worst nightmare (Times Online)
Martin O’Neill, for sure. José Mourinho, certainly. Fabio Capello, we can all understand the logic of that. But Jürgen Klinsmann? As England head coach? The bloke in California? Sorry, I’m not buying it.

Dan Walters: Governor touts loan relief role (The Sacramento Bee)
Jerry Brown had been governor of California for just two years when he was caught red-handed attempting to filch political credit for something in which he had played virtually no role.

Disaster relief program for businesses offers workshops (North County Times)
RAMONA -- The California Small Business Disaster Loan Guarantee Program is offering two workshops to explain what programs are available to businesses that suffered losses caused by the October wildfires.

BRT Realty Trust Selects Ocwen's REALSynergy Commercial Loan Servicing Platform (PrimeNewswire via Yahoo! Finance)
WEST PALM BEACH, Fla., Nov. 27, 2007 -- Ocwen Financial Corporation today announced that BRT Realty Trust , a public mortgage REIT, has chosen Ocwen's REALSynergy, a proven and leading edge commercial and multifamily loan servicing platform, to support its growing commercial loan portfolio.

Fitch Rates California Dept of Veterans Affairs $167.9MM 2007B & C Revs 'AA-' (Business Wire via Yahoo! Finance)
NEW YORK----Fitch Ratings has assigned an 'AA-' rating to the $167.9 million California Department of Veterans Affairs home purchase revenue bonds, 2007 series B & C. Additionally, Fitch has affirmed the 'AA-' rating on the $673.2 million outstanding home purchase revenue bonds.

Loan-Score AUS Platform Adds Direct System-to-System Integration With Fannie Mae's Desktop Underwriter (Marketwire via Yahoo! Finance)
Loan-Score Decisioning Systems LLC, an emerging leader in enterprise-class automated underwriting solutions for lending institutions, announced that it has established a seamless integration with Fannie Mae's Desktop Underwriter® from its automated underwriting platform.

SpinalMotion Closes $14 Million Loan Facility With GE Healthcare Financial Services (Business Wire via Yahoo! Finance)
MOUNTAIN VIEW, Calif.----SpinalMotion, developer of two investigational artificial discs for treating patients with degenerative disc disease, has closed a $14 million loan facility with GE Healthcare Financial Services.

Wells Fargo To Absorb $1.4B In Home Loan Losses (CBS 5 Bay Area)
Wells Fargo & Co. is absorbing $1.4 billion in losses on home equity loans that borrowers have stopped repaying amid a deepening real estate slump that's turned into a financial sinkhole.