| Dec 3, 2013
| 1:47 PM
SACRAMENTO -- A federal jury in Sacramento after a five-week trial has returned guilty verdicts against three men who operated an Orange County-based "foreclosure rescue scam," according to U.S. Atty. Benjamin Wagner.
Convicted on Monday were Charles...
| Dec 9, 2013
| 6:43 PM
WASHINGTON — American households have regained almost all of the wealth lost during the Great Recession, thanks to surging stock prices and recovering home values.
Total household net worth — assets minus liabilities — expanded 2.6%,...
| Nov 29, 2013
| 5:35 PM
WASHINGTON — As they prepared to launch the Consumer Financial Protection Bureau in early 2011, Obama administration officials settled on its permanent headquarters: a vacant government building a block away from the White House.
They planned to...
| Dec 7, 2013
| 4:25 PM
BERKELEY, Calif. — Plenty of communities have resisted the U.S. Postal Service's sweeping real estate sell-off, battling to keep open historic buildings that speak of bygone civic grandeur and to guarantee old-fashioned mail service for the public....
| Dec 7, 2013
| 4:33 PM
The city of Los Angeles has filed a lawsuit against Bank of America, the third banking giant accused of mortgage discrimination in minority communities that in turn led to a wave of foreclosures, reduced property tax revenue and increased costs for city...
| Dec 4, 2013
| 9:36 AM
Three of the nation's largest banks are not fully complying with new standards for dealing with mortgage customers that were agreed to as part of a $25-billion settlement of foreclosure abuse allegations, the settlement's monitor said Wednesday.
| Nov 19, 2013
| 2:28 PM
The headline number on the big JPMorgan Chase legal settlement with state and federal regulators hasn't changed in the weeks since the negotiations over the deal first broke into the open: $13 billion. The deal's sponsors are falling all over themselves...
| Nov 18, 2013
| 3:14 PM
Two Sundays ago I was roused from my midday stupor by the doorbell. I staggered to the door to discover a big box from Amazon deposited on the stoop, and a U.S. Postal Service truck just rounding the corner on its way to make another Sunday delivery....
| Nov 21, 2013
| 9:32 AM
Fixed mortgage rates fell early this week in the wake of a decline in the inflation rate, with Freddie Mac pegging the 30-year loan at an average of 4.22%, down from 4.35% last week.
But the trend Thursday was once again toward higher rates.
| Nov 20, 2013
| 9:59 AM
Investors shrugged at news of JPMorgan Chase's historic settlement with the federal and state agencies. Shares of the nation's largest bank were flat in mid-day trading Wednesday.
JPMorgan announced Tuesday that it had agreed to pay $13 billion in...
| Nov 19, 2013
| 9:37 PM
NEW YORK — JPMorgan Chase has agreed to a $13-billion settlement with the government over selling shoddy mortgage investments, ending a legal battle that signals a tougher stance against Wall Street wrongdoing.
The nation's largest bank admitted to...