| Apr 27, 2013
| 5:00 AM
Michele and Russell Poland's credit was shot, but they managed to buy their suburban dream home anyway.
After a business bankruptcy and a home foreclosure, they turned to a rare option in this era of tightfisted banking — a subprime loan.
| Feb 27, 2013
Maurice L. McAlister overcame a dirt-poor childhood in Texas to achieve prominence in two fields as a young man — first as a builder, then as the head of Downey Savings & Loan, which became a Southern California banking fixture for decades under his...
| Feb 18, 2013
| 7:30 PM
About 10 million consumers, through no fault of their own, have serious errors on their credit reports, raising troubling questions about people's ability to secure loans and the fairness of interest rates they're charged.
In the first study of its...
| Feb 22, 2013
| 1:00 AM
Republicans make the claim that their party represents the concerns of average, hard-working, family-centered Americans. It is a curious claim, given that their party unfailingly opposes any measure that gives those average Americans a break.
| Feb 9, 2013
| 6:55 AM
You may have heard last week about a couple of big lawsuits brought by federal and state governments, alleging that the credit rating agency Standard & Poor's concocted a fraudulent scheme that contributed to trillions of dollars in investment losses...
| Feb 10, 2013
WASHINGTON — If you want to buy a house with minimal cash by using an FHA-insured mortgage, here's some sobering news: Because of an ongoing series of fee increases and underwriting tweaks, those mortgages are getting steadily more expensive and may...
| Jun 20, 2013
| 8:54 AM
Mortgage rates took time out this week from their recent climb, the Freddie Mac survey reported, with the 30-year fixed-rate loan falling to an average of 3.93% from 3.98% last week.
Lenders were offering the fixed-rate 15-year loan to solid borrowers...
| Jun 20, 2013
| 1:49 PM
Housing-related stocks took a tumble in Thursday trading, one day after the Federal Reserve signaled it may pull back this year on its massive stimulus program designed to drive down interest rates.
The PHLX Housing Sector Index fell 5.24% as home...
| Jun 20, 2013
| 6:18 PM
Last year's $25-billion national mortgage settlement required five giant banks to assign a single employee to each borrower seeking a loan modification — a personal guide who could cut through the bureaucracy.
The so-called single-point-of-contact...
| Jan 8, 2013
A mortgage is a contract. You agree to pay a certain amount of money to the bank each month, and the bank, in turn, agrees to finance your purchase, play fair and not jeopardize your ability to keep a roof over your head.
Ten big banks said Monday...
| Jun 6, 2013
| 12:24 PM
With demand for energy-efficient homes surging in Southern California, home builders are producing more houses with rooftop solar power systems than ever before.
About 4,000 new homes were built with a rooftop solar power system last year in...