| Feb 6, 2014
| 8:08 AM
Weaker signals from the housing markets sent mortgage rates lower for the fifth week in a row, with Freddie Mac reporting that lenders were offering 30-year fixed home loans to solid borrowers at an average of 4.23%, down from 4.32% a week ago.
| Feb 5, 2014
U.S. stocks fell in Wednesday morning trading, effectively wiping out modest gains from a day earlier, as a survey on hiring did little to ease uncertainty over the health of the economy.
KEEPING SCORE: The Dow Jones industrial average was down 75...
| Jan 24, 2014
| 9:10 PM
WASHINGTON — Atty. Gen. Eric H. Holder Jr., warning that no bank is "too big to indict," said the Justice Department will be bringing more cases involving "significant financial institutions" as it continues to investigate Wall Street misconduct....
| Jan 23, 2014
| 8:34 AM
Fixed mortgage rates have drifted lower, according to Freddie Mac, which said lenders were offering 30-year fixed home loans at an average of 4.39% this week, down from 4.41% a week ago.
It was the lowest reading for the weekly survey since Nov. 27....
| Jan 21, 2014
| 1:19 PM
A report released Tuesday has found that new California foreclosure filings plunged at the end of last year, as a rebounding economy and higher home prices further healed the housing market.
Notices of default -- the first formal step in the state's...
| Jan 20, 2014
| 9:42 AM
California leaders from a national postal workers' union are criticizing a Staples pilot program that has installed dozens of small post offices in the office-supply stores.
American Postal Workers Union leaders said that opening retail units staffed...
| Jan 19, 2014
| 5:36 PM
Few regions were hit harder by the Great Recession than the Inland Empire, where foreclosures turned neighborhoods into ghost towns and real estate projects dissolved into weeds and broken dreams.
So it's not surprising that four of the five largest...
| Jan 19, 2014
Los Angeles City Councilman Gil Cedillo wants to punish JPMorgan Chase for its various financial misdeeds, possibly by cutting off business with the banking giant. But as city leaders learned a few years ago when
Occupy L.A. pushed for a similar...
| Jan 16, 2014
| 10:37 AM
Those of us who write about the housing market and the virtues of the 30-year fixed home loan -- as we did Wednesday -- can calibrate our watches by how long it takes a reader to respond as follows:
"Hey, Canada doesn't have 30-year fixed mortgages, and...
| Jan 15, 2014
| 4:28 PM
A Los Angeles city councilman called Wednesday for his colleagues to explore ways of punishing banking giant JPMorgan Chase & Co. for engaging in financial misconduct, possibly by terminating the company's contracts with the city.
| Jan 15, 2014
| 3:21 PM
Housing has stood out as the sick man of the U.S. economy in bad times and better times. For all its work on economic stimulus in various forms, the Obama administration has never been able to get its hands around a solution for the housing crash. That'...