State authorities say the men were arrested Wednesday on an indictment charging them with grand theft, income tax evasion and conspiracy.
There may be more relief on the way for struggling homeowners in Southern California.
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.
A group of Democratic lawmakers from the Southland are pushing for the U.S. to refinance all mortgages currently owned by the federal government.
The latest data translates to 1 in 30 Riverside County households in some stage of foreclosure.
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.
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.
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.
If you’ve held a mortgage with Countrywide, be sure to check your mailbox for money.
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.
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.
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.
The U.S. reached its $14.3 trillion limit on federal borrowing on Monday, leaving Congress 11 weeks to raise the threshold or risk a financial panic or another recession.
Steven Spears, Executive Director of the California Housing Finance Agency, gives some tips on how to keep your home from foreclosure.
For millions of Southland homeowners facing foreclosure, the move by Bank of America could bring some short-term relief, but what happens from there is unclear.