RealtyTrac: Bank Backlog, Not Recovery, Behind Drop In Foreclosures
The number of delinquent mortgages fell in May to the lowest level since 2006, the result of a slowing housing market and delays in banks' foreclosure process.
Watch CBS News
The number of delinquent mortgages fell in May to the lowest level since 2006, the result of a slowing housing market and delays in banks' foreclosure process.
Boeing officials have said the order will save jobs and extend the life of a Long Beach plant where the planes are assembled.
A new report suggests California's unemployment rate could spike another 1.7 percent over the remainder of the year.
When it comes to sweets, Americans may not consider the occasional candy bar a luxury, but the same can't be said for our counterparts in the Far East.
The nation's biggest airlines want to put off having to be more transparent with customers about baggage and "bumping" policies for at least another couple of months.
Southern California's biggest power utility is looking to the sun to give more power to the people.
Owner Perkins & Marie Callender's Inc. cited tough competition, the weak economy and rising food costs for the primary reasons behind the filing.
Three major Southern California supermarkets say they've reached a tentative agreement on the pension portion of the labor agreement being negotiated with thousands of unionized grocery store workers.
After years of legal wrangling, the first of hundreds of lawsuits over acceleration problems against Toyota Motor Corp. has been scheduled for trial.
Traditionally, home equity rises as a mortgage is paid off, but home values continue to plunge since the bubble burst in 2006.
Jamie McCourt claims the couple's joint worth is an estimated $1.2 billion - most of which is tied up in property holdings - but Frank is publicly expressing regret over the couple's financial choices.
A ribbon-cutting ceremony for a tech company planting roots in Playa Vista on Wednesday brought promise of more to come from one of the world's richest men.
A showdown vote in the Senate over a proposed cap on fees that stores charge for a debit card swipe is pitting bankers against merchants — but will consumers lose either way?
At Bob Hope Airport in Burbank, the number of passengers arriving and departing dropped by just over 5 percent in April compared to the same period last year.
A new survey shows most college students may not be too concerned that they could be in for decades of debt servitude, despite the high risk of defaulting on their loan.
