Southern California Homes for Sale

Sen. Warren: Getting at the truth of those big, bogus bank penalties

The dirty little secret of those eye-popping fines and penalties the government has been extracting from banks and Wall Street firms for...

The rich are different -- they still get interest-only mortgages

Few of the nontraditional home loans that triggered the financial crisis are still available, and lenders will have even more reason to...

Freddie Mac: Home loan rates level off; 30-year fixed at 4.51%

Mortgage rates leveled off in familiar territory this week, home finance giant Freddie Mac said, with lenders offering 30-year fixed loans...

Bill would boost disclosures in corporate settlements with U.S.

WASHINGTON — Concerned that targets of federal investigations are getting off lightly, two senators proposed legislation requiring the...

New regulator delays Fannie Mae, Freddie Mac mortgage fee increases

WASHINGTON -- The new regulator for Fannie Mae and Freddie Mac said Wednesday he was delaying planned fee increases by the seized mortgage...

Home of the Week: Marble-clad house in La Quinta's Madison Club

This newly built marble-clad home at the Madison Club, a golf course community in La Quinta, offers an updated take on Midcentury Modern...

As interest rates rise, hybrid mortgages may be a good option

WASHINGTON — Higher mortgage rates for 2014? Count on it. Could this be the year to check out hybrid mortgages, which haven't been...

How a couple can reach agreement on retirement plans

Dear Liz: My husband and I are 56. We need to plan for retirement, but whenever the topic comes up, I find that either we...

Housing tear-downs on the rise as real estate rebounds

The front-end loader swung to the right and took a bite out of the shingled roof of the quaint cottage. The roar of the engine and crackle...

Standouts among 2013 Homes of the Week

A host of noteworthy homes were on the Southern California real estate market in 2013, offering visual drama, history and unusual features....

Fannie Mae, Freddie Mac got $7.9 billion in bank settlements in 2013

WASHINGTON --  Fannie Mae and Freddie Mac collected $7.9 billion from large financial institutions to settle suits over bad mortgage-...

Fannie Mae, Freddie Mac may be too profitable to shut down

WASHINGTON — Federal officials swooped in to rescue mortgage finance giants Fannie Mae and Freddie Mac in 2008 with the largest of all...

Screenwriter Jim Herzfeld sells in Pasadena

"Meet the Fockers" and "Meet the Parents" screenwriter Jim Herzfeld has met a home buyer and sold his Pasadena home for $3.95 million.

Freddie Mac: 30-year mortgage rate rises to 4.53% from 4.48%

The economy is brightening as 2014 arrives — but that could signal higher borrowing costs for homebuyers as the Federal Reserve scales...

Developer teams with L.A. nightclub owner on Hollywood complex

A $140-million apartment and retail complex in Hollywood will get a shot of glamour from Los Angeles nightclub impresario Sam Nazarian.

Adjustable-rate mortgages regain popularity as prices, rates rise

When Michael Shuken recently bought his family's first home, a four-bedroom in Mar Vista, his adjustable-rate mortgage...

October housing price data show 'boom is fading'

Home prices in large U.S. cities posted strong annual gains in October but slowed from a month earlier, according to a leading gauge,...

Mortgage tax break expires despite bipartisan support in Congress

WASHINGTON — A 6-year-old tax break for struggling homeowners who won reductions in their mortgages has expired, alarming housing...

Pending home sales were flat nationwide in November

Pending home sales nationwide remained essentially flat last month, as buyers struggled to adjust to higher prices and mortgage rates.

Wells Fargo to pay $591 million to Fannie Mae in mortgage settlement

WASHINGTON — Wells Fargo & Co. said Monday it has agreed to pay $591 million to Fannie Mae to settle disputes over soured...