In April 2011, Foreclosure filings in California fell to lows not seen since the fall of 2008. Notice of Default filings dropped 25.8 percent, and Notice of Trustee Sale filings fell 10.9 percent from March. Is this an indicator that the US Economy is improving? The Obama administration is making Iranian students eligible to enter the U.S. for up to two years in an effort to improve relations between Americans and Iranians. Previously, Iranian students and individuals enrolled in academic or professional exchange program.

Prosecutors in California are investigating allegations that Lender Processing Services Inc., one of the nation’s largest mortgage processing companies, engaged in illegal practice of “robosigning”- signing thousands of foreclosure docs without checking their accuracy. Lender Processing is one of 16 banks and servicers the federal gov’t last month ordered to reimburse homeowners who were improperly foreclosed upon.