Wells Fargo: Computer Glitch Denied Loan Modifications To Hundreds Of HomeownersThe bank said in a filing Friday the error caused about 625 customers to be denied, or not offered, loan modifications they otherwise qualified for. Foreclosures were completed in about 400 of the cases.
The Fed Drops The Hammer On Wells FargoThe Fed handed down unprecedented punishment for what it called the bank's "widespread consumer abuses," including its notorious creation of millions of fake customer accounts.
US Bank To Pay $13.5M To Settle Housing LawsuitU.S. Bank has agreed to pay $13.5 million to settle Los Angeles city allegations that it let 170 foreclosed homes fall into decay.
California Foreclosure Starts Rise This Year A research firm says California home foreclosure starts increased from January through March after plunging to an eight-year low in the previous quarter.
Lawsuit Says California Mortgage Money MishandledThree community assistance organizations sued Gov. Jerry Brown and other state officials on Friday, alleging the state improperly diverted nearly $370 million that was intended to help homeowners struggling with foreclosures.
LA Sues Wells Fargo, Citigroup Over Foreclosures In Minority CommunitiesThe 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.
California Foreclosure Victims To Get Checks Worth Nearly $1,500More 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.
Local Event Offers Free Financial Planning AdviceIf 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 4-Year HighSouthern 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.
'Occupy LA' Calls For Bank Moratorium On 'All Foreclosures', Will Meet With Wells Fargo OfficialsProtesters gathered to call for banks to temporarily halt all foreclosure proceedings nationwide.
'Somebody Lives There!': 'Occupy' Protesters Booted From LA Foreclosure AuctionAn auction was briefly interrupted Friday by a group of protesters affiliated with a nationwide anti-Wall Street campaign.
City Extends Protections For Renters Facing Foreclosure-Related EvictionsA unanimous Los Angeles City Council voted Tuesday to extend for a year protections afforded renters facing evictions because of foreclosures.
Economists: Construction Spending To Fuel California RecoveryA new economic survey predicts construction spending in California is on the rebound.
California Default Notices Drop To Lowest Level In 4 YearsMortgage default notices in California have dropped in the second quarter of 2011 to their lowest level in four years.
West Nile Virus Linked To Foreclosures In San Gabriel ValleyOne official said the economy is making the spread of the disease worse due to an abundance of dirty swimming pools in abandoned homes.