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10Bank of America settles lawsuit over bad mortgages
Chicago Sun-Times (Oct 06, 2008 08:43 AM)
SPRINGFIELD, Ill. -- Facing a lawsuit over deceptive mortgage practices, a Bank of America Corp. subsidiary has agreed to modify tens of thousands of loans to keep people in Illinois, California and nine other states from losing their homes, the Illinois attorney general's office said Sunday.
California Gov. Schwarzenegger Vetoes Legislation Restricting Retroactive Cancellation Of Health Insurance Policies, ...
Medical News Today (Oct 02, 2008 03:06 PM)
California Gov. Arnold Schwarzenegger (R) on Tuesday vetoed legislation (AB 1945) that would have prohibited health plans from rescinding health insurance policies unless they could prove that consumers intentionally misrepresented information on their applications, the AP/Sacramento Bee reports. The legislation also would have created an independent review process for each rescission case.
Judge rules in Accident Fund case
Lansing State Journal (Oct 07, 2008 05:20 PM)
An Ingham County judge today ruled the transfer of $125 million from Blue Cross Blue Shield of Michigan to Lansing-based subsidiary Accident Fund Insurance Co. of America was legal, the insurers said.
Defense in SoCal yacht killings says client did it
The Fresno Bee (Oct 07, 2008 03:41 PM)
The attorney for a man accused of throwing a couple off their yacht bound to an anchor told a jury Tuesday his client is guilty of those two murders and a third, but shouldn't be put to death. Read comments
AZ homeowners have hope with Countrywide settelment
Ahwatukee Foothills News (Oct 07, 2008 03:32 PM)
Attorney General Terry Goddard announced a multi-state settlement with Countrywide Financial Corp.
Governor Should Add Housing Crisis to Budget Agenda in Special Session, Coalition Urges
PR Newswire via Yahoo! News (Oct 07, 2008 03:37 PM)
Gov. Schwarzenegger should make mortgage reform a key part of his efforts to address California's budget and financial woes, according to a coalition of consumer, research, and policy organizations. The groups maintain that the state's financial crisis will not abate until there is a real reduction in the number of mortgage foreclosures.
Ill. AG says mortgage lawsuit settlement is model
AP via Yahoo! Finance (Oct 06, 2008 03:24 PM)
A loan modification program that's part of an $8.7 billion national settlement over deceptive mortgage practices will help tens of thousands of borrowers stay in their homes and could be a national model, Illinois Attorney General Lisa Madigan said Monday.
Countrywide mortgage pact may be worth $3.5 billion to California loan holders
Los Angeles Times (Oct 05, 2008 10:46 PM)
Bank of America Corp. agrees to nation's largest mortgage-workout program to settle charges of lending abuse. An estimated 125,000 Californians who are struggling with risky mortgages from Countrywide Financial Corp. may get their loans modified and payments reduced under a program to be announced today.
Bank of America settles lawsuit over bad mortgages
AP via Yahoo! News (Oct 06, 2008 01:25 AM)
Facing a lawsuit over deceptive mortgage practices, a Bank of America Corp. subsidiary has agreed to modify tens of thousands of loans to keep people in 11 states from losing their homes, the Illinois attorney general's office said Sunday.
Eli Lilly settles Zyprexa inquiries in 32 states
AP via Yahoo! News (Oct 07, 2008 12:57 PM)
Drugmaker Eli Lilly & Co. cleared another legal cloud hanging over its top-selling drug Zyprexa when it announced a $62 million settlement Tuesday, but several other storms are still brewing for the antipsychotic medication.