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.
LA Congressman: US 'Missed Huge Opportunity' After Debt Supercommittee FailureRep. 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' MortgagesA group of Democratic lawmakers from the Southland are pushing for the U.S. to refinance all mortgages currently owned by the federal government.
Foreclosure Rate In Riverside County Highest In CaliforniaThe 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 DefaultsThe 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.
SoCal Split Over Who To Blame As US Nears Debt DefaultDespite calls from Washington for a swift resolution, there seems to be just as much disagreement in the Southland as there is on Capitol Hill.
Villaraigosa, Mayors Call On White House, Congress To Stop US DefaultMayor 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.
450K Homeowners To Receive Refunds From CountrywideIf you’ve held a mortgage with Countrywide, be sure to check your mailbox for money.
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.
Boxer: 'Wave Of Defaults' Coming If Effort To Ease Refinancing FailsSen. 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.
RealtyTrac: Bank Backlog, Not Recovery, Behind Drop In ForeclosuresThe 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.