California | InjuryBoard Los Angeles

Any Californian who has a Pay Option ARM loan from IndyMac (now FDIC IndyMac) that was originated between 2004 and 2007 and has faced or will be facing an interest rate reset (ballooned monthly...

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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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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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From NBC News: The engineer of a Metrolink commuter train sent a text message 22 seconds before the collision with a freight train in Los Angeles last month that killed 25 people, federal...

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Metrolink has decided to improve its safety technology by implementing its commuter trains with automatic train stop devices designed to prevent train collisions. This type of safety device may be...

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Just last year, the head of Metrolink warned Congress that any proposals to require updated safety devices on trains, like positive train controls, would involve "substantial cost" and that...

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The family of Aida Magdaleno filed a claim today against Metrolink, alleging the agency chose not to use the available rail safety features needed to protect Southern California rail commuters. “We...

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August foreclosures hit an all-time high: 304,000 homes were in some stage of default and 91,000 families lost their homes. The hardest hit housing markets continue to be in Arizona, California, and...

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Below is information, provided by The OC Register, on California State Senate and Assembly bills that have been voted on within the last six weeks. Some have passed, some have not. A reporter for...

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I usually discuss recent news and developments surrounding the U.S. housing/mortgage crisis. However, after I came across this story in the Los Angeles Times, I couldn't help but relay this story to...

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The housing market continues to struggle, the economy is still sputtering, another wave of foreclosures will start at the end of this year and, overall, the Case-Shiller index (and it's 10-city...

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An FBI official, back in September, 2004, three years before the first wave of foreclosures hit the housing market, made a then chilling and portent observation: The booming mortgage business,...

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New York senator Charles Schumer will not be investigated for comments made about IndyMac Bancorp days before its collapse. California Attorney General Jerry Brown, on Thursday, sent a...

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In response to one of the comments left on my blog from earlier today (California's Ticking Option ARM Time Bomb, 8/19/08), here is a list of the top 10 states with the highest foreclosure rates and...

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