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New Wave Of Foreclosures Hits SoCal

Homeowners across Southern California are getting hit with a fresh wave of foreclosures.


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Audit Shows ‘Significant Flaws’ In LA Foreclosure Registry Program

An audit of a Los Angeles foreclosure registry program aimed at combating neighborhood blight reveals “significant flaws” in the existing program, according to city officials Tuesday.


mortgage default home sales market

California Foreclosure Starts Rise This Year

A research firm says California home foreclosure starts increased from January through March after plunging to an eight-year low in the previous quarter.


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7 Arrested For Alleged $6.2 Million Mortgage Scam

State authorities say the men were arrested Wednesday on an indictment charging them with grand theft, income tax evasion and conspiracy.


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AG Harris Proposes ‘Bill Of Rights’ For Homeowners At Risk Of Foreclosure

There may be more relief on the way for struggling homeowners in Southern California.

KNX 1070 NEWSRADIO–02/29/2012

Rep. Xavier Becerra  (credit: JIM WATSON/AFP/Getty Images)

LA Congressman: US ‘Missed Huge Opportunity’ After Debt Supercommittee Failure

Rep. Xavier Becerra said the nation “missed a huge opportunity” to address its economic problems after a congressional panel failed to come up with a plan to tackle the U.S. deficit.



SoCal Democrats Call On Obama To Refinance All ‘Underwater’ Mortgages

A group of Democratic lawmakers from the Southland are pushing for the U.S. to refinance all mortgages currently owned by the federal government.


mortgage default home sales market

Foreclosure Rate In Riverside County Highest In California

The latest data translates to 1 in 30 Riverside County households in some stage of foreclosure.



Investors Chip In $5.4B To Cover California If US Defaults

The state has made a deal for a short-term bridge loan of $5 billion from private investors in case the U.S. federal government defaults on its debt.

KNX 1070 NEWSRADIO–07/26/2011

US President Barack Obama speaks with US Speaker of the House John Boehner during a meeting in the Cabinet Room at the White House in Washington, DC, on July 23, 2011. (credit: JEWEL SAMAD/AFP/Getty Images)

SoCal Split Over Who To Blame As US Nears Debt Default

Despite calls from Washington for a swift resolution, there seems to be just as much disagreement in the Southland as there is on Capitol Hill.

KNX 1070 NEWSRADIO–07/26/2011

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Villaraigosa, Mayors Call On White House, Congress To Stop US Default

Mayor Antonio Villaraigosa is among 50 mayors from around the nation calling on lawmakers in D.C. to reach a deal that would prevent a first-ever U.S. default on its debt.

KNX 1070 NEWSRADIO–07/22/2011

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450K Homeowners To Receive Refunds From Countrywide

If you’ve held a mortgage with Countrywide, be sure to check your mailbox for money.

CBS2 / KCAL9–07/21/2011

California Treasurer Bill Lockyer (credit: Bloomberg/Getty Images)

Calif. Treasurer: US Default ‘Complicates’ Cash Flow, Medicare

Treasurer Bill Lockyer said the state may need to seek financing from Wall Street in case talks fail to raise the federal debt ceiling ahead of an Aug. 2 deadline.

KNX 1070 NEWSRADIO–07/14/2011

default mortgage loans home

Boxer: ‘Wave Of Defaults’ Coming If Effort To Ease Refinancing Fails

Sen. Barbara Boxer is calling on lawmakers to give millions the chance to refinance their home loans or face another potential meltdown in the housing market.

KNX 1070 NEWSRADIO–07/13/2011

(credit: Kevork Djansezian/Getty Images)

RealtyTrac: Bank Backlog, Not Recovery, Behind Drop In Foreclosures

The number of delinquent mortgages fell in May to the lowest level since 2006, the result of a slowing housing market and delays in banks’ foreclosure process.

KNX 1070 NEWSRADIO–06/16/2011