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SAN DIEGO SUING COUNTRYWIDE TO BLOCK FORECLOSURES
Submitted by knews on Thu, 07/24/2008 - 12:47.

San Diego is asking a state court to block mortgage lender Countrywide Financial from foreclosing on subprime borrowers. The civil complaint filed in San Diego County Superior Court claims Countrywide engaged in predatory lending by selling borrowers loans they could not repay and failing to adequately explain the risks of adjustable-rate loans. The complaint names Countrywide and its new owner, North Carolina-based Bank of America, along with four former executives and unnamed loan officers and securitization agents. The bank is facing similar suits from the states of California and Illinois.

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KNews Latest News Updates

BEARDS OK ON DISNEY WORKERS STARTING TODAY

Fri, Feb 03, 2012 5:38 am -0800 PST

Disneyland and Disney World workers can start sporting a beard to work as of today. It's a big change for the company that banned facial hair from the day Disneyland first opened decades ago until 2000, when rules were relaxed to allow for moustaches. And while that's all about to change, there are still limits. Beards and goatees will be OK as long as they're no more than a quarter-inch in length and not a “soul patch.”

PENALTIES ON DOG LICENSES WAIVED FOR MONTH

Fri, Feb 03, 2012 5:10 am -0800 PST

Riverside County residents who neglected to purchase a license for their dog or failed to renew a license now have a chance to get one without penalties. The Department of Animal Services is offering a penalty amnesty until February 29th. They typically assess a $25 penalty for an overdue license application, but that fee is waived. The amnesty applies only to pet owners in unincorporated communities, and those whose dogs have been altered.

PALM SPRINGS WALK OF STARS FOR BARBARA KELLER

Fri, Feb 03, 2012 5:05 am -0800 PST

Businesswoman and humanitarian Barbara Keller, and the co-owner of LULU California Bistro in Palm Springs, will get a star on the Palm Springs Walk of Stars today. The star will be right in front of LULU. In December, Keller received an ATHENA award for community service. The ceremony is at 4 p.m.

CAR WASH FUNDRAISER FOR WOMAN KILLED BY CAR IN INDIO

Fri, Feb 03, 2012 5:03 am -0800 PST

Police are still trying to figure out why a woman was in the middle of the road when she was hit and killed last week in Indio. It happened on Indio Boulevard. The family plans to hold a car wash at the Burger King on Highway 111 in Indio tomorrow from 9 a.m. to 5 p.m. to raise money to pay for funeral arrangements.

NEW CHAIRMAN OF HIGH-SPEED RAIL IS APPOINTED

Fri, Feb 03, 2012 4:59 am -0800 PST

The California High-Speed Rail authority has a new chairman. The board appointed Dan Richard to the position. Richard is Governor Brown's choice to lead the volatile project that's seen its price tag more than doubled since 2008. Construction on the first phase of the project is expected to begin in the Central Valley later this year.
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