California’s state-run mortgage relief program, announced in January by Gov. Gavin Newsom, had more than 400 financial institutions voluntarily sign up, agreeing they would not charge late fees, would not report late payments to credit agencies and would not demand “balloon payments,” which require borrowers to pay back their entire balance right at the end
Trump Pulls $4 Billion in Federal Funds From California’s High-Speed Rail originally appeared on L.A. Mag. California’s high-speed train faces new uncertainty after the Trump administration announced a large federal funding cut.Courtesy aapsky via Adobe Stock In a move already sparking intense political and economic fallout, the Trump administration on Wednesday terminated $4 billion in federal
“It’s just stunning,” McDonald told CalMatters. “I’ve been working for insurance companies for more than 20 years. I’ve never had a check bounce to a claimant in 25 years of practice.” On July 10, the check finally cleared. A bank manager reportedly told McDonald the hold was due to uncertainty over whether the funds would
LOS ANGELES, July 9, 2025 /PRNewswire/ — City National Bank today announced the appointment of Chris Edmonds as executive vice president, head of Commercial and National Corporate Banking, where he will lead the strategy and execution across the bank’s middle market and large corporate client segments nationwide. In this role, he will be responsible for
The CalAssist Mortgage Fund is a new source of financial relief for California homeowners whose properties were destroyed after recent disasters. The fund provides grants of up to $20,000 to cover three months of mortgage payments for eligible homeowners. The state has allocated $105 million for the program. “California is extending this ongoing support to
On May 9, President Donald Trump signed his 150th executive order of 2025, directing Veterans Affairs (VA) to create a center for homeless veterans in Los Angeles on the VA’s West L.A. campus. This site has been subject to legal troubles recently. Last fall, a federal judge ruled the VA failed veterans in its fiduciary
SACRAMENTO, Calif. (AP) — A long-delayed project promising nonstop rail service between San Francisco and Los Angeles in under three hours may be able to secure the private funding it desperately needs if California agrees to pay the investors back, its chief executive told The Associated Press. Ian Choudri, who was appointed CEO of the
Bill Essayli, the newly appointed U.S. attorney for Los Angeles and surrounding areas, on Tuesday announced the formation of a criminal task force to investigate potential fraud and corruption involving local homelessness funds, saying there will be arrests if federal laws have been broken. The U.S. Attorney’s Office in L.A. took particular aim at Los