The Los Angeles city attorney sued Wells Fargo and Citigroup on Thursday, alleging the companies engaged in mortgage discrimination that led to a wave of foreclosures in minority communities during the housing crash.
More than 200,000 Californians will each receive checks worth nearly $1,500 this month as part of the national mortgage settlement, the state attorney general’s office said Tuesday.
If planning your financial future has got you worried, the Los Angeles Chapter of the Financial Planning Association has got just the event for you.
Southern California home prices hit a four-year high in August as buyers snapped up more expensive properties along the coast and sales of foreclosed properties kept drying up, a research firm reported Thursday.
Protesters gathered to call for banks to temporarily halt all foreclosure proceedings nationwide.
An auction was briefly interrupted Friday by a group of protesters affiliated with a nationwide anti-Wall Street campaign.
A unanimous Los Angeles City Council voted Tuesday to extend for a year protections afforded renters facing evictions because of foreclosures.
A new economic survey predicts construction spending in California is on the rebound.
Mortgage default notices in California have dropped in the second quarter of 2011 to their lowest level in four years.
One official said the economy is making the spread of the disease worse due to an abundance of dirty swimming pools in abandoned homes.
Southern California’s median home price dipped nearly two percent last month to $280,500 from March 2010.
Assemblyman Bob Blumenfeld says the money collected from banks would go to school districts, police and fire departments, and small business loans.
The plan is aimed at helping thousands of borrowers who owe more than their properties are worth, but without cooperation from the banks, the program will likely have limited benefits.
California’s median home price declined nearly 4 percent last month to $254,000 from $264,000 in December 2009, as low-priced foreclosures and other distressed properties continued to dominate the market.
Industry experts warn Riverside County is among the most distressed cities in the state when it comes to mortgages — and 2011 may not bring much more relief.