Quake could balloon Calif. foreclosure woes

A new insurance risk report on natural disasters by insurance Aon/Benfeld suggests that a large earthquake could severely rattle California’s ... up to $400 million in mortgage defaults due to foreclosure expenses, property repair costs, lost ... of earthquake insurance in California and a lack of credit available to homebuyers -– a natural disaster [more...]

Date: 2009-01-06 08:01:01

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California's budget revisited again

THE only good legislator is a termed-out one. So Arnold Schwarzenegger is betting as he calls the California legislature back into special session to repair the budget they delivered three months late six weeks ago. The timing, two days after ... collectively nominate... (Photo credit: AFP) [more...]

Date: 2008-11-07 15:24:05

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