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BUSINESS
October 28, 2010 | By Nathaniel Popper, Los Angeles Times
When Meghan Faux, a lawyer and foreclosure counselor in New York, calls JPMorgan Chase & Co. to help a homeowner modify a mortgage, she expects the runaround from representatives unwilling or unable to answer basic questions about the borrower's case. She's more hopeful calling Wells Fargo & Co., which like Chase is one of the three largest mortgage servicers, along with Bank of America Corp. "There's still a long way to go there," Faux said of Wells Fargo. "But they are at least responsive to our concerns.
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ENTERTAINMENT
April 27, 2014 | By Meg James
In what is billed as one of the nation's largest corporate-sponsored community service days, Comcast executives participated in improvement projects across the country -- including at an elementary school near Universal Studios in Los Angeles. On Saturday at Rio Vista Elementary School in North Hollywood, NBCUniversal executives painted murals on exterior walls of school buildings. Philadelphia-based Comcast owns NBCUniversal. The team included NBC Entertainment Chairman Bob Greenblatt, Universal Pictures Chairman Donna Langley, NBCUniversal Vice Chairman Ron Meyer, Filmed Entertainment Group Chairman Jeff Shell and Universal Studios Hollywood President Larry Kurzweil and E!
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BUSINESS
March 5, 2011 | By Alejandro Lazo, Los Angeles Times
Government agencies are demanding that the country's largest banks take major steps to improve the way they modify delinquent home loans and conduct foreclosures. The state attorneys general and federal agencies outlined the proposed overhaul in a 27-page document sent to the banks as part of efforts to settle disputes over mishandled mortgages and foreclosures, Geoff Greenwood, a spokesman for Iowa Atty. Gen. Tom Miller, said Friday. "These are what we expect to be binding legal requirements of how they service loans and handle foreclosures," Greenwood said, predicting counterproposals from the banks.
BUSINESS
April 27, 2014 | By Stuart Pfeifer
PCM Inc., an El Segundo company that sells information technology products and services, has attracted little attention in more than a quarter-century of business. But that soon may change. The owner of a competing company has starting snapping up PCM's stock, raising speculation of a possible takeover. Firoz Lalji, chairman of technology company Zones Inc. in Auburn, Wash., now owns about 5% of PCM, according to a regulatory filing. And he called PCM "one of the poorest-performing companies in its industry.
BUSINESS
March 6, 2011 | By Lew Sichelman
Peter Swire's Bethesda, Md., home isn't in a flood plain. But that didn't stop the company that administers his mortgage from buying flood insurance on the place without his knowledge. Worse, perhaps, Swire didn't find out about it until he was dunned for a $200 late fee when he received his next automatic payment notice. It took him "several months" and about 50 phone calls to rectify the problem. But then it happened again ? and again. "At one point," he said, "I had three different flood-insurance policies in place that I didn't need.
BUSINESS
March 20, 2011 | By Kenneth R. Harney
When you take out a home mortgage, do you expect to be treated fairly and competently by your bank or loan servicer? Most likely you do. But the widely publicized "robo-signing" and foreclosure scandals suggest that for thousands of homeowners, fair dealing and competence have not been routinely available at some of the largest mortgage servicing operations in the country. According to witnesses at recent congressional hearings: ? Borrowers with on-time payment histories who sought loan modifications frequently were told they needed to stop payments for two to three months before they would be eligible to even discuss possible changes to their loan terms.
BUSINESS
February 11, 2012 | Michael Hiltzik
I hate a parade. And the parade of rosy self-congratulation staged last week by the creators of the $25-billion mortgage fraud settlement with five big banks is the kind of parade I really hate. There certainly are some big winners in the deal, which has the approval of 49 of the 50 state attorneys general. Start with its godfathers. President Obama took to the podium a couple of hours after the deal's announcement to declare that it will " speed relief to the hardest-hit homeowners.
BUSINESS
March 30, 2014 | By Kenneth R. Harney
WASHINGTON - Can you be charged interest on your mortgage even after you've fully paid it off? Can the meter keep running when you owe the bank nothing - your principal balance is zero? Surprise! Much to the chagrin of large numbers of home sellers and refinancers, the answer for years has been yes. If your loan was insured by the Federal Housing Administration and you paid it off before maturity, at closing you'd be expected to cough up a full month's interest, no matter what day of the month you actually settled.
BUSINESS
December 1, 2009 | By Jim Puzzanghera
The Obama administration today announced a renewed push to get mortgage companies to convert hundreds of thousands of temporarily restructured home loans into permanent ones by the end of the year to help keep struggling homeowners from falling into foreclosure. As part of its aggressive action, the administration is summoning executives from the nation's top mortgage servicers to Washington next week to prod them to speed up their efforts. It also is sending what administration officials described as three-person "SWAT teams" to the offices of those firms to help them obtain the necessary documents from borrowers and trouble-shoot problems.
BUSINESS
January 22, 2012 | By Kenneth R. Harney
If you have lost a job and are in danger of falling behind on mortgage payments, here's some potentially important news: The two largest players in mortgages, Fannie Mae and Freddie Mac, are revising their policies on forbearance when unemployment interferes with the ability to stay current on a home loan. Forbearance means that a lender or mortgage servicing company will either suspend — cut to zero — or reduce required monthly payments for a specific period of time. On loans they own or have securitized, Fannie and Freddie are now directing servicers to forbear when a borrower can show a job loss.
CALIFORNIA | LOCAL
April 24, 2014 | By Ruben Vives and Laura Nelson
A man appeared to have jumped in front of a Metro Red Line train bound for North Hollywood on Thursday afternoon, causing service delays, according to the Los Angeles County Metropolitan Transportation Authority. The incident was reported around 1:41 p.m. at the Civic Center/Grand Park station in downtown Los Angeles, where a man appeared to have jumped in front of a train heading to North Hollywood, said MTA spokesman Luis Inzunza.   The man was pronounced dead at the scene, the Los Angeles Fire Department said.
BUSINESS
April 23, 2014 | By Jim Puzzanghera
WASHINGTON - Netflix Inc. and other Internet companies may soon be able to pay for a faster road online for streaming movies and other content into customers' homes, raising concerns about who ultimately may end up with the bill. The nation's top telecommunications regulator, breaking with his agency's long-standing position, will propose new rules that would allow broadband network owners to sell a high-speed toll road for content providers, the Federal Communications Commission said Wednesday.
CALIFORNIA | LOCAL
April 22, 2014 | By Garrett Therolf
Los Angeles County supervisors have begun weighing recommendations to dramatically rework the safety net for tens of thousands of abused and neglected children, including what would be the most significant reorganization of county government since 2007. The Blue Ribbon Commission on Child Protection has said a linchpin of a proposed package of reforms is the creation of a new child welfare czar. The executive would have broad powers to move money and people across departmental lines to support a more unified and effective approach to the protection of children, the panel said.
CALIFORNIA | LOCAL
April 22, 2014 | By Alicia Banks
Harvey Milk, the slain politician who became an icon of equal rights not just for the gay community in San Francisco but across the nation, will be commemorated in a forever stamp next month, the U.S. Postal Service announced Tuesday. The stamp's issue will coincide with Milk's birthday on May 22. The stamps will be available in sheets of 20 and may be pre-ordered . The image on the stamp comes from a circa-1977 photo taken by Daniel Nicoletta of Milk in front of Castro Street Camera in San Francisco.
BUSINESS
April 21, 2014 | By David Lazarus
Larry saw my recent video about T-Mobile offering hundreds of dollars to get people to sign up for wireless service. He wants to know if any cable or satellite companies have similar offers. I can understand his interest. Cable and satellite packages can set you back plenty -- especially because you're required to buy dozens if not hundreds of channels you may never watch. ASK LAZ: Smart answers to consumer questions The good news: Yes, these companies have some special offers on tap. The bad news: They may not be offering what Larry's looking for. Check out today's Ask Laz video for some tips on how to get the best deal for cable or satellite service.
BUSINESS
April 21, 2014 | By Salvador Rodriguez
Move over, Google Fiber: AT&T has begun discussions to bring its ultra-fast U-Verse GigaPower Internet service to 21 cities across the U.S., the company said Monday. AT&T and Google are racing to roll out Internet service with speeds of up to 1 gigabit a second, a bandwidth that can easily handle today's high-definition video and audio. AT&T plans to roll out U-Verse GigaPower to more markets more quickly than Google can. The Internet search giant is operating its fiber service in three cities and plans to expand to 10 more.
BUSINESS
March 8, 2011 | By Jim Puzzanghera and E. Scott Reckard, Los Angeles Times
State and federal authorities could settle an investigation into botched foreclosure paperwork in the next two months, but the toughest issue ? how much money would go to victimized homeowners ? is still far from resolved. "We've struggled with it," Iowa Atty. Gen. Tom Miller told reporters Monday about reaching an agreement on damages with the nation's leading mortgage servicers. Various government agencies have proposed penalties ranging from $5 billion to $20 billion. Miller spoke to reporters after briefing state attorneys general about the investigation at their annual spring meeting at a hotel in Washington.
BUSINESS
January 29, 2010 | By E. Scott Reckard
Taking borrowers at their word for how much they earn was a major cause of the mortgage meltdown. That practice may also be why an Obama administration program has struggled to convert temporary loan modifications into permanent ones. The government said Thursday that it would overhaul the program by requiring homeowners to document their incomes before trial modifications are granted. Borrowers previously could have their interest rates lowered and the terms of their loans extended on a trial basis without providing pay stubs or other financial documents.
TRAVEL
April 21, 2014 | By Catharine Hamm
Question: How do I tip the people who take me by wheelchair for airline departures? Does the amount differ if it's a tiny, easy airport like Long Beach; medium to normal like SFO; or long, complicated and very hard like Dulles? I'd appreciate advice. Margo Kasdan Seal Beach Answer: Duck for cover. We're about to poke the hornet's nest again, creating yet another swarm of pro- and anti-gratuity camps, who have presumably been beefing since the word "gratuity" was first used in 1540, according to Merriam-Webster.
WORLD
April 18, 2014 | By Patrick J. McDonnell
DAMASCUS, Syria - The thud of mortar shelling alternated with tolling church bells Friday as the Christians of this capital's ancient Bab Touma district marked Good Friday amid extremely tight security. The Easter Week processions that once featured tens of thousands walking the cobblestoned streets of the Old City now are confined to the close vicinity of churches. Soldiers and militiamen checked everyone coming and going on Friday; vehicular traffic was largely closed off as a precaution against car bombs.
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