March 14, 2025

california

Loans

California bill could allow home loans for undocumented immigrants – NBC Los Angeles

A new California bill that would allow home loans to undocumented immigrants is heading to Governor Gavin Newsom’s desk after being passed by the State Senate Wednesday. If passed, California would become the first state to grant undocumented immigrants state-supported home-buying loans. “The social and economic benefits of home ownership should be available to everyone

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Mortgage

Fraudsters targeting mortgage brokers in new scheme, regulators warn

A fraud scam involving phony warehouse lending is leading mortgage brokers to lose tens of thousands of dollars, according to a California advisory.   California regulators issued the warning earlier this month, cautioning mortgage brokers to be on alert for the elaborate scam, where unlicensed fraudulent businesses approach them with offers of warehouse lines of credit.   

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Loans

Democrats may give illegal immigrants $150,000 in home loans

Democratic lawmakers in California may pass legislation this week to make California the first state to allow illegal immigrants to be eligible for up to $150,000 in state-supported home loans. According to Politico, California’s Democratic supermajority is expected to pass the legislation this week, which would make illegal immigrants eligible for the “California Dream for

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Loans

California Bill Could Allow Undocumented Immigrants To Qualify For First-Time Homebuyer Loans

A California bill that would allow undocumented immigrants to qualify for first-time homebuying loans could soon become law. Formally known as AB 1840, the bill would expand eligibility requirements for California’s first-time homebuyer loan program, the California Dream For All Shared Appreciation Program, to allow undocumented immigrants to use it. The bill passed the Senate

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Funds

Teams tug plane to raise funds for Special Olympics – Press Telegram

Law enforcement agencies, nonprofits, businesses and community groups gathered at the Long Beach Airport on Saturday, Aug. 24, to help raise money for the Special Olympics Southern California. Special Olympics Southern California athletes team up to pull a 62-ton UPS 757 jet 12 feet on Saturday, Aug. 24, 2024, at Long Beach Airport. (Photo by

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Loans

California debates bill to allow home loans for undocumented immigrants

A California bill that would allow home loans for illegal immigrants faces strong opposition from state Republicans. Assembly Bill (AB) 1840, which passed in the Senate Appropriations Committee last week, faces a floor vote in the state Senate and potentially a signature by Gov. Gavin Newsom to become law. Assemblymember Joaquin Arambula (D) introduced the

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Investors

Elon Musk’s X must disclose full ownership structure for first time

Who and what exactly is invested in Elon Musk’s X Holdings, the entity behind the X platform and X.ai, is about to become a matter of public record. In a Tuesday ruling, a federal judge in California decided that a detailed corporate disclosure statement from X Holdings should be unsealed, a move that would effectively

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Loans

California Handing Taxpayer Home Loans Illegal Migrants

California lawmakers are one step closer to making hundreds of millions of taxpayer-funded home loans available to residents living in the country illegally. Democrats on the California Senate Appropriations Committee late last week unanimously approved AB 1840 to move forward, according to an official vote tally for the legislation. The bill has one last chance to be

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Funds

Nearly $1 billion in funds left unspent by centers for disabled Californians

Nearly $1 billion allocated for regional agencies that purchase supportive services for Californians with developmental disabilities went unspent in a recent year and was ultimately returned to the state, even as some disabled people and their families said they needed more help. California provides assistance to people with autism and other developmental disabilities through a

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