Headline News Archive

2008

January

11
  • Bank of America to buy Countrywide. Bank of America (BAC) said Friday it has agreed to buy Countrywide Financial (CFC) for $4 billion in stock, a deal that both rescues the…
09
  • Baltimore sues subprime lender over race. The city of Baltimore yesterday sued a major national lender for engaging in what it describes as abusive practices that have created a foreclosure crisis…
  • Bush mulling boost for the economy. President Bush said Tuesday that he is watching very carefully to see if the struggling U.S. economy needs a short-term boost from the federal government.…
08
  • Countrywide tells judge it 'recreated' letters. The Countrywide Financial Corporation fabricated documents related to the bankruptcy case of a Pennsylvania homeowner, court records show, raising new questions about the business practices…
  • Foreclosure hotline looks for help. A month after the Bush Administration announced a plan to help troubled homeowners, one foreclosure counseling agency is looking for some help of its own.…
05
  • Too good to be true tax myths. Every year at this time, I write a series of tax-related columns. The goal is to provide guidance for homeowners preparing to file income tax…
04
01
  • Your money: A gaze back, a look ahead. Los Angeles Times Business columnists share resolutions and admonitions for a rewarding 2008. From Kathy Kristof, David Lazarus and Tom Petruno.

2007

December

31
  • How a bank fell victim to loan fraud. Kathy Moore's loan application sailed through the mortgage desk at Lehman Bros. Bank, and little wonder. With sterling credit, deep pockets and two appraisals pegging…
30
  • Reverse mortgages hit by deceit. With the housing market in decline, unscrupulous sales agents are popping up in the booming reverse-mortgage industry, where reports of deceptive and high-pressure sales tactics…
29
  • More hoops for borrowers. If you hope to get a mortgage this coming year, look beyond your credit score, because that's what lenders will be doing. The mortgage mess…
  • Reason for hope next year. Queen Elizabeth II once famously referred to her "annus horribilis," a horrible year during which almost everything went badly, from royal-family scandals to a fire…
27
  • Mortgage probes face big hurdles. he nation's largest banks are losing billions of dollars from the mortgage debacle. But will pain from bad housing bets be compounded by government investigations?…
24
  • Mortgage mess has government scrambling. After a slow and stumbling start, Washington is scrambling to prevent the unfolding mortgage crisis from pushing the country into recession during an election year.…
21
  • Allegations WaMu sought inflated appraisals. Federal regulators are looking into allegations that mortgage lender Washington Mutual Inc. pressured First American Corp. of Santa Ana to inflate appraisals of homes nationwide.…
  • The Pain of foreclosure. Joyce Griffin pulled out the sparkly white artificial Christmas tree she stores in the basement of her Anne Arundel County duplex, draped it with blue…
20
  • Foreclosures rise 68% from last year. U.S. homeowners increasingly failed to keep up with their home loan payments in November, with the number of foreclosure filings surging 68% compared with the…
19
  • Fed guidance: Damned if they do.... No one ever said it would be easy, Mr. Chairman. On Tuesday, the Fed unveiled a proposal designed to prevent lenders from making mortgage loans…
  • Federal Reserve unveils mortgage rules. The Federal Reserve proposed new regulations yesterday to clean up a broad array of deceptive mortgage lending practices, a move that represents the central bank's…
  • Plan para regular préstamos hipotecarios. El Banco de Reserva Federal (Fed) presentó un plan el martes para proteger a los propietarios de viviendas de préstamos inescrupulosos. Las normas propuestas, aprobadas…
18
  • Fed shrugged as subprime crisis spread. Until the boom in subprime mortgages turned into a national nightmare this summer, the few people who tried to warn federal banking officials might as…
 

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