U.S. News

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Richmond takes a daring step for homeowners

After a tumultuous meeting drawing hundreds of residents, the Richmond City Council voted to continue exploring a plan to rescue underwater mortgages by using the power of eminent domain.

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In California, double the cuts, double the misery

More misery loomed for Californians May 14 as Governor Jerry Brown delivered a revised 2012-13 budget projection doubling the already-deep cuts he called for in January.

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Atlanta family, battling foreclosure, evicted at gunpoint

A Georgia family of four generations was evicted at gunpoint by more than a dozen DeKalb County sheriff's officers in the middle of the night.

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California's new top cop is "on the people's side"

Kamala Harris vows to insure "the law of this state is on the side of the people."

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New study reveals discriminatory mortgage practices

California's Latino and African American homeowners experience twice the rate of foreclosures than that of non-Hispanic whites, a recent report found.

Federal panel grills Greenspan, Citigroup on predatory lending

The nation's subprime crisis will be in the news from Wednesday to Friday this week as the federal government's Financial Crisis Inquiry Commission begins a new round of hearings.