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News

2008

January

30
  • FBI continues mortgage fraud probe. The Federal Bureau of Investigation on Tuesday said it is investigating 14 companies for possible fraud or insider trading violations in connection with loans made to risky borrowers, and investments spun off of those loans. Agency
  • Housing hits trifecta of bad news. A series of reports out Tuesday sketched a bleak picture of the nation's residential real estate, with nearly 1.3 million homeowners in some state of foreclosure last year, 13 metro areas posting record price drops and a
  • Posible fraude por préstamos de riesgo. El FBI dijo el martes que está investigando a 14 empresas por posible fraude contable, abuso de información privilegiada y otras violaciones en conexión con préstamos inmobiliarios otorgados a prestatarios de riesgo. Funcionarios
  • Buscan ampliar ley de vigilancia interna. El Senado votó ayer en contra de prorrogar la ley de vigilancia interna más allá del 1 de febrero, aumentando la presión política para que sea aprobada una nueva versión de la
  • Precios de viviendas van en picada. Brutal y extensa como un desastre natural, la racha de embargos de viviendas en el país aumentó 79% el año pasado en relación con 2006, se informó ayer. En Californa, la subida fue de 238%,
  • Cámara Baja aprueba plan económico. La Cámara Baja del Congreso aprobó ayer por abrumadora mayoría un plan de estímulo económico de 146,000 millones de dólares, pero su avance en el Senado parece complicarse por la presentació
29
  • Foreclosures up 75% in 2007. The number of foreclosures soared in 2007, with 405,000 households losing their home, according to a report released Tuesday. Total foreclosure filings soared 97% in December alone compared with December of 2006, according to RealtyTrac, an online seller of
  • Reassess wisdom about 401(k) investing. Are you losing money in your tax-deferred 401(k) and IRA accounts? Here's a thought that may add to your pain: If you held those same investments outside of a retirement fund, you could be using
  • Fracasa reforma para la salud. La reforma de salud que pretendía hacer obligatorio el seguro médico en California y dar cobertura al 70% de los 6.5 millones de no asegurados murió ayer en el Senado al lograr solamente un voto
28
  • Phone giants' rising rates questioned. AT&T and Verizon are raising prices for caller ID and other popular phone services by as much as 300%, even as they continue to push regulators to loosen up because of increased competition. AT
  • Cybercrooks grow even more crafty. The Chinese Year of the Rat begins next week. In the cyberunderground, it is already shaping up to be the Year of the Clever Rat, as crooks scurry to perfect ways to steal data and
  • California Governor's health plan in trouble. It has been a January to forget for Gov. Arnold Schwarzenegger of California. Since the beginning of the year, the governor, who handily won re-election just 14 months ago, has had to confront a $14.5 billion budget
  • Stimulous package gives wrong advice. Consumers for years have done more than their share of propping up the economy. And what do we have to show for it? Steep credit card debt. Little or no savings for retirement or college.
  • Appraisers lawsuit puts lenders on notice. Real estate appraisers have complained for years about demands from loan officers that they fudge and inflate numbers to allow mortgage deals to close. Now a California appraiser has sued the country's largest thrift institution,
27
  • Take precautions against online fraud. Here's a modern set of resolutions: Exercise more, eat healthfully, recycle and don't answer e-mail from Nigeria. Frauds are part of life in the digital era, but there are ways to guard against them, whether
26
  • Hispanic homeownership could fall during crisis. Hispanic homeownership topped 50 percent in recent years but is in danger of declining during this housing crisis, U.S. Housing and Urban Development Secretary Alphonso Jackson said during a visit to San Antonio on Friday.
25
  • Los pobres hacemos mucho con poco. A Joel Toscano, la ayuda que pueda llegarle por el estímulo económico, aprobado ayer en el Congreso, no le servirá para mantener su casa en Cabazon, donde todavía vive con su esposa
  • Estímulo para el mercado inmobiliario. Un componente del tentativo paquete de estímulos económicos del gobierno anunciado ayer jueves da un empuje inmediato a compradores y vendedores de vivienda de alto precio en el mercado. El paquete, acordado ayer
24
  • Time for attention to consumer issues. Congress is back in session and lawmakers have a lot on their plate right now. Clearly, an economic stimulus package tops the list. But a number of important consumer issues that made headlines in 2007 are
  • Homeowners deluge mortgage brokers. Homeowners deluged mortgage brokers with calls Wednesday, hoping to take advantage of sharply lower interest rates to refinance into cheaper loans. Countrywide Financial Corp., the nation's biggest mortgage lender, said call volume jumped by at
 

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