| Jun 6, 2014
| 10:34 PM
Much of what Los Angeles City Atty. Mike Feuer alleges in his lawsuits against four big banks for their mortgage and foreclosure practices isn't debatable.
In his latest lawsuit filed May 30 against JP Morgan Chase, Feuer alleges that mortgage lenders...
| May 30, 2014
| 2:04 PM
The city of Los Angeles accused JPMorgan Chase & Co. of steering minority borrowers into risky home loans they couldn’t afford, triggering a foreclosure wave that hammered property values and city coffers.
In a lawsuit filed Friday in U.S....
| Apr 28, 2014
| 8:40 AM
The trustee overseeing the Ponzi scheme of “boy band” promoter Lou Pearlman is sending out more checks to victims, but the amount is still paltry compared to the nearly $300 million fraud case.
On Monday a second distribution of $5.6 million...
| Apr 11, 2014
| 7:41 AM
Women's clothing retailer Coldwater Creek Inc. on Friday filed for Chapter 11 bankruptcy after failing to find a buyer said it plans to close its stores by early summer.
Coldwater Creek joins other retailers to seek protection from creditors in recent...
| Mar 7, 2014
| 9:07 AM
U.S. job growth accelerated sharply in February despite the icy weather that gripped much of the nation, easing fears of an abrupt economic slowdown and keeping the Federal Reserve on track to continue reducing its monetary stimulus.
Employers added 175,...
| Apr 11, 2014
| 8:12 AM
California's banking giant, Wells Fargo & Co., reported 14% higher first quarter earnings, powering well beyond Wall Street's expectations as declining loan losses and operating cost cuts offset the slowdown in mortgages at America's largest home lender. ...
| Mar 24, 2014
| 8:35 AM
Mortgage-related firings totaled nearly 22,000 in the fourth quarter of 2013, the highest level in six years, according to a tally by Mortgage Daily.
The trade publication reported Monday that it counted about 3,000 new jobs added to the home lending...
| May 21, 2014
| 8:30 AM
pay off the entire balance monthly, look for a zero-annual fee card that allows the most interest-free or grace days. Some cards
listed below feature special introductory or "teaser" rates for a specified time before regular rates apply. Additional...
| Apr 16, 2014
| 8:11 AM
Socked by mortgage-related legal expenses, Bank of America Corp. lost $276 million during the first quarter, sending its stock down sharply.
The quarterly loss, its first in 2½ years, came despite lower loan losses and better than expected results in...
| Apr 11, 2014
| 7:51 AM
Who: Hernando Perez was named sales manager for Marcus & Millichap Real Estate Investment Services in Fort Lauderdale, from investment sales associate, specializing in South Florida multifamily properties. Perez joined in 2011 under the firm's sales...
| May 11, 2014
| 5:00 AM
Are lenders' credit score requirements for home buyers this spring too high — out of sync with the actual risks of default presented by today's borrowers? The experts say yes.
What experts? The developers of the credit scores used by virtually...