June 27, 2012 |
SACRAMENTO -- A historic, first-in-the-nation foreclosure-prevention measure is one step away from final passage in the California Legislature. A two-house conference committee Wednesday, on a partisan 4-1 vote, sent identical measures to the floors of the state Assembly and Senate. Final votes are scheduled for Monday. The conference committee vote came at a particularly poignant time: the same day that the Central Valley city of Stockton became the largest municipality in the nation to declare bankruptcy, said Assemblyman Mike Eng (D-Monterey Park)
March 12, 2012 |
State and federal officials on Monday formally filed the $25-billion settlement with the nation's biggest mortgage servicers. The lengthy documents outlining the terms of the landmark settlement were filed in U.S. District Court in Washington, formally ending investigations by the Justice Department, Housing and Urban Development Department and attorneys general in 49 states into botched foreclosure paperwork and mortgage servicing problems....
CALIFORNIA | LOCAL
July 17, 2012 |
For Mary Sanchez, the vacant, foreclosed home across from hers on Abner Street in El Sereno was an assault on the senses and her piece of mind. Gang members and squatters used it as a stash house. The place stank of dead animals. Mice made constant incursions from across the way onto her property, prompting her to get cats to head them off. Weeds in the yard reached as high as her chest. "It was embarrassing," she said. "When people would come over I would say, 'Look for the ugly house with all the stuff in the lawn.
April 4, 2009 |
A snapshot of the reeling mortgage industry, released Friday by federal bank regulators, illustrates the challenges the Obama administration faces with its $95-billion plan to help lower mortgage payments for struggling borrowers. In the last three months of 2008, most troubled borrowers were being offered not true modifications but breathers on payments followed by a resumption of the original mortgage terms, or even higher payments.
February 17, 2010 |
Nineteen months ago, the recession took Bob Walker's job. Then, creditors lined up to take the three-bedroom hilltop home that the computer consultant shared with his wife, Stephanie, a playwright still looking for her first break. Avoiding the stigma and financial fallout of foreclosure became an obsession for the Walkers. They talked to the banks, found multiple jobs, put their Silver Lake house on the market and tried to stitch together a plan to repay their debts. Finally, they turned to a short sale, chronicled in a popular blog: Love in the Time of Foreclosure.
CALIFORNIA | LOCAL
April 12, 2007 |
Rapper-actor Snoop Dogg will avoid jail time after pleading no contest Wednesday to two felony charges -- but he might be legally allowed to continue smoking marijuana. The entertainer, whose real name is Calvin Broadus, entered the plea to a charge of gun possession by a convicted felon and a marijuana-related drug charge, prosecutors said. Dogg, 35, appeared before Los Angeles County Superior Court Judge Terry Smerling in Pasadena clad in a leather jacket, black jeans and a T-shirt.
November 10, 2013 |
Giant online retailer Amazon.com Inc. is turning up the heat on rivals this holiday season and beyond under a new deal with the U.S. Postal Service for delivering packages on Sundays. Starting this week, the postal service will bring Amazon packages on Sundays to shoppers' doors in the Los Angeles and New York metropolitan areas at no extra charge. Next year, it plans to roll out year-round Sunday delivery to Dallas, New Orleans, Phoenix and other cities. Getting packages on Sundays normally is expensive for customers.
June 11, 2013 |
Online retail giant Amazon.com Inc., known for its speedy distribution of books, electronics and other consumer goods, is now trying to break open the grocery market. The AmazonFresh service, running since 2007 in the retailer's Seattle hometown, expanded to select Los Angeles ZIP Codes on Monday. The company is offering customers same-day and early-morning delivery on more than 500,000 products, such as apples, bread and even mozzarella di bufala from the Cheese Store of Beverly Hills.
June 29, 2008 |
If you're facing years of student loan payments but aren't making much money because you're working in public service, the federal government has some good news for you. A law that takes effect Tuesday could allow you to have some of your college debt forgiven.
March 14, 1997 |
For the first time in its 150-year history, the U.S. Postal Service is straying from the traditional square/rectangular stamp format to introduce a line of 32-cent triangular stamps, officials announced Thursday. The stamps, named Pacific 97 after a major international stamp show scheduled for May in San Francisco, feature a mid-19th century clipper ship against a blue background in one version and a U.S. mail stagecoach against red in another. They go on sale throughout the nation today.