Default « CBS Los Angeles

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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–2012/02/29

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.

2011/11/22

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.

2011/10/17

Foreclosure Rate In Riverside County Highest In California

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

2011/07/28

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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–2011/07/26

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–2011/07/26

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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–2011/07/22

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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 / KCAL9–2011/07/21

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–2011/07/14

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–2011/07/13

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–2011/06/16

Debt Limit ‘Brinksmanship’ May Push US Closer To Default

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.

2011/05/17

Money 101: Fighting Foreclosure

Steven Spears, Executive Director of the California Housing Finance Agency, gives some tips on how to keep your home from foreclosure.

2011/04/27

BofA Halts Foreclosures; SoCal Homeowners Eye Relief

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.

KNX 1070 NEWSRADIO–2010/10/09