CALIFORNIA | LOCAL
February 12, 2012 |
Four years after Countrywide Financial became a symbol of the mortgage meltdown, the company and its questionable dealings have become a potent political issue in the Santa Clarita congressional district held by Republican Howard "Buck" McKeon. Congressional investigators allege that McKeon and Rep. Elton Gallegly, a Republican colleague whose neighboring district includes much of Ventura County, got cut-rate home loans under a Countrywide VIP program known as "Friends of Angelo," named for the now-defunct Calabasas lender's former chief executive, Angelo Mozilo.
CALIFORNIA | LOCAL
January 8, 2012 |
About one-fourth of the cases filed so far against Occupy Los Angeles protesters have been dismissed because of paperwork errors by police. In seven of the 26 cases filed as of last week by the Los Angeles city attorney's office, the arresting officer was misidentified in the police report, according to William Carter, chief deputy city attorney. Prosecutors requested the dismissal of six of the cases, and a judge dismissed the seventh on similar grounds, he said. Without the correct name of the arresting officer, prosecutors are not able to call police to testify, he said.
December 22, 2011 |
Foreclosures by major banks jumped 21.1% in the third quarter as voluntary holds for paperwork problems were lifted, according to federal regulators. But the number of homes en route to being seized fell 15.8% in October, a research firm said. The Office of the Comptroller of the Currency said new foreclosures initiated by eight large national banks and One West Bank federal savings association in Pasadena rose from the second three months this year as mortgage servicers lifted holds they instituted as federal and state authorities investigated faulty paperwork.
December 19, 2011 |
It's fast becoming the money-laundering method of choice for Mexican drug traffickers, U.S. and Mexican officials say, and it involves truckloads not of cash, but of fruit and fabric. Faced with new restrictions on the use of U.S. cash in Mexico, drug cartels are using an ingenious scheme to move their ill-gotten dollars south under the guise of legitimate cross-border commerce. U.S. and Mexican authorities say trade-based money-laundering may be the most clever — and hardest to detect — way in which traffickers are washing and distributing their billion-dollar profits.
November 30, 2011 |
USC quarterback Matt Barkley said Wednesday that he has submitted paperwork to the NFL. Remain calm, USC fans. Barkley, at Coach Lane Kiffin's direction, simply made the standard evaluation request that most draft-eligible players file after their junior seasons. Nevertheless, it was the first step in what will be a weeks-long process as Barkley decides whether to turn pro or return for a final college season. "There's not really a timetable," he said in an interview on campus.
November 22, 2011 |
Oaktree Capital Management took another step forward in its planned initial public offering, but analysts believe volatile economic conditions could stall its market debut until next year. The Los Angeles investment giant filed more paperwork Monday with the Securities and Exchange Commission as it moves toward an IPO that could total more than $100 million. It is one of the world's largest money managers, with $73 billion of assets under management. The regulatory filings did not specify when Oaktree might pursue a public listing.
October 19, 2011 |
A proposal to allow some creditworthy homeowners to refinance underwater mortgages has become part of settlement talks between government officials and major banks over botched foreclosure paperwork. California would be a major beneficiary of such a plan because it leads the nation with 2.1 million mortgages in which the homeowner owes more than the value of the home, according to Santa Ana industry research firm CoreLogic Inc. The proposal has been floated in hopes of luring state Atty.
CALIFORNIA | LOCAL
July 31, 2011 |
It's the first rule of thumb for any aspiring UFO investigator: Keep an open mind. "We all want to believe, we all want to believe bad," said David MacDonald, a certified investigator with the Mutual UFO Network. "But you've got to look at the evidence. You've got to come at this like a scientific researcher. " On Friday, MacDonald and dozens of like-minded individuals filled an Irvine hotel conference room to discuss the finer points of investigating the inexplicable — or at least that which cannot be explained in terrestrial terms.
CALIFORNIA | LOCAL
July 13, 2011 |
The highest-paid state employee in California last year, a prison surgeon who took home $777,423, has a history of mental illness, was fired once for alleged incompetence and has not been allowed to treat an inmate for six years because medical supervisors don't trust his clinical skills. Since July 2005, Dr. Jeffrey Rohlfing has mostly been locked out of his job -- on paid leave or fired or fighting his termination -- at High Desert State Prison in Susanville, state records show.
June 27, 2011 |
The days of the old-fashioned family doctor who knows us intimately and treats our kids -- and our grandkids -- are fading fast. Instead, we're more likely to find ourselves searching for a doctor who will take our insurance, then waiting weeks for an appointment and hours in the waiting and exam rooms. Our doctor will rush in and rush through a series of pokes and prods and a checklist of questions, check off some codes on our record, then rush out again. None of this makes us very happy -- or, for that matter, the doctor either.