(credit: CBS)

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.


default mortgage loans home

California Foreclosure Victims To Get Checks Worth Nearly $1,500

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.



Thousands Of Home Equities Starting To Emerge From Underwater

Thousands of California homes are now worth more than their original selling price.


(credit: Financial Planning Association)

Local Event Offers Free Financial Planning Advice

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.

CBS2 / KCAL9–10/13/2012

(credit: George Rose/Getty Images)

Southern California Home Prices Hit 4-Year High

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.


Casino mogul Sheldon Adelson (Photo by aaron tam/AFP/Getty Images)

Market Rates For The Middle Class

With a couple of simple fixes from Congress, billions of dollars could be put into the economy by allowing middle class families to refinance their mortgages and by keeping student loans at market rates. Maybe […]



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.


(credit: Kevork Djansezian/Getty Images)

Foreclosure Sales Tumble Across Riverside County

A tracking firm says the calendar’s shortest month combined with the “robo-signing” scandal fueled the drop in foreclosure filings.


(Getty Images)

Sinking Home Values Leave Half Of Riverside Homeowners Underwater

A steep decline in home values across California and the U.S. are leaving more Americans underwater in their mortgages in 2011.

CBS Los Angeles–02/09/2011

mortgage default home sales market

Calif. Jobless Rate Likely To Spur More Foreclosures

As long as unemployment stays high in California, more people will likely be forced out of their homes by foreclosure, a state panel warned on Monday.

KNX 1070 NEWSRADIO–01/31/2011

(Getty Images)

Families Wait In Line For Help With Foreclosures

Families are lining up for mortgage help outside the Los Angeles Memorial Sports Arena Wednesday.


(credit: Joe Raedle/Getty Images)

Foreclosures Dip, But Adjustable Mortgages Set To Spike

Fewer Southland homeowners struggled to keep up with their mortgages in December, but there may be more turbulence for those with adjustable rate mortgages.


mortgage default home sales market

SoCal Foreclosures, Defaults Dip in 3Q

The recent data suggests foreclosures may be leveling off, but one analyst notes that may have more to with how lenders are opting to proceed when it comes to defaults.


(credit: Joe Raedle/Getty Images)

California May Join Investigation Into Foreclosures

Will Jerry Brown take on the mortgage bankers in order to boost his hopes in November?


(credit: AP Photo/Damian Dovarganes)

Riverside Finances Hammered Amid Housing Slump

A steep dip in the Southland housing market has forced Riverside to take drastic cost-cutting measures in order to compensate for the downturn.