Subprime | InjuryBoard Los Angeles

From the Wall Street Journal: The relentless slide in home prices has left nearly one in six U.S. homeowners owing more on a mortgage than the home is worth, raising the possibility of a rise in...

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The beginning of last night's Presidential Debate focused on the economy, naturally. Both candidates laid out their plans for how they would fix the economic woes many Americans face and will...

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Bank of America, which purchased Countrywide Financial over the summer, will help almost 125,000 Californians who are struggling with pay option arm loans originated by Countrywide. The move that...

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From USA Today: Nearly 400,000 homeowners will be able to have their mortgages made more affordable under an agreement Monday by Bank of America to modify mortgages originated by Countrywide...

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Homeowners at risk of foreclosure may benefit from provisions in the bailout bill designed to modify their mortgages. The National Association of Realtors said it's pleased with many of the...

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Amidst the frenzy of last week's stock market turbulence, the $700 billion rescue package, and the Presidential Debate, Governor Schwarzenegger vetoed a bill last Thursday that would have prevented...

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There are a lot of different news outlets and political blogs pointing fingers at who's to blame for the financial crisis and why Americans should or should not support the failed bailout (or...

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A key provision added to the bailout bill by Democrats last week, and a provision that likely dissuaded about two-thirds of House Republicans from voting "Aye" on the failed bill today, deals with...

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After the biggest one day point drop ever for the Dow Jones Industrial Average, due in large part to widespread panic after the "Bush Bailout Bill Part II" was defeated in the House earlier today,...

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How wrong were Bush, Bernanke and Paulson on the state of the economy over the past six months? Very wrong. "I have great confidence in our capital markets and in our financial institutions. Our...

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Up until recent weeks, John McCain did not have a history of supporting regulatory oversight. McCain's camp has vigorously denied or has tried to amend statements that prove otherwise, especially...

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SEC Chairman Chris Cox testified this morning at the Senate Banking Committee hearing in regards to the potential Wall Street Bailout plan that was proposed over the weekend. Cox said that his...

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Democratic vice presidential candidate Joe Biden told about 1,000 supporters earlier today in Virginia that, "ending the cowboy mentality of the Bush-McCain era" on Wall Street is part of the...

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It's finally happened. The federal government, much to the chagrin and support of Congressional leaders, stepped in this morning and has written a blank check for Wall Street's blunders. In his...

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Who deserves the blame for the economic and housing crisis? It's difficult to point the finger at one individual for instigating this mess, because many people were involved. In fact, the blame...

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