New Century Financial Corporation

Targeting executives of the housing boom's biggest stated-income lender, the Securities and Exchange Commission has accused former IndyMac Bancorp Chief Executive Michael W. Perry and two former chief financial officers of defrauding investors at the...

Los Angeles County sheriff's detectives today are trying to sort out a mystery in upscale Rolling Hills Estates after a prominent attorney was fatally shot on the lawn of his home. Neighbors identified the man as Jeffrey Tidus, an attorney......

Detectives were trying Tuesday to sort out the mysterious death of a prominent Los Angeles attorney found fatally shot in the frontyard of his home in an affluent Palos Verdes Peninsula suburb. Jeffrey Tidus, an attorney with Baute & Tidus,......

It's official. Irvine coffee wholesaler Diedrich Coffee Inc. has agreed to be swallowed by Green Mountain Coffee Roasters Inc., Jerry Hirsch writes this morning. Green Mountain's $290-million offer ended a nearly two-month bidding war with rival Peet's...

In the search for who to blame for the financial-system meltdown, some names show up on any short list more often than others. Some of those individuals will be testifying in Washington over the next three days at hearings called......

In the latest sign that the nationwide credit crunch is worsening, lenders are saying no to borrowers who want no-money-down mortgages. The popular financing option, which require no down payment and finance 100 percent of a home loan, is being...

With a second child on the way, Chris Shields and his wife, Michelle, wanted to move from their two-bedroom apartment in Southern California to a house with more space. But because their timing coincided with a shakeout in the mortgage market earlier...

When Charline Pillinger thinks about the cozy twin home in North Catasauqua she bought two years ago, she finds it hard to believe how quickly her little bit of the American dream turned into a nightmare. Pillinger, a dental assistant, and boyfriend...

Heads continue to roll at mortgage companies in town, with the number of Chicago-area employees getting pink slips over the past six months surpassing 1,200. Greenpoint Mortgage Funding Inc. , a unit of Capital One Financial Corp., has alerted the...

Edward Gotschall, one of the founders of subprime mortgage giant New Century Financial, died Thursday at his home in Cota de Caza. He was 53. The former high school football standout, who retired as New Century's chief financial officer, was watching a...

THE ONCE-buoyant housing market is clearly in trouble. Last year, housing prices around the country fell for the first year since the Depression. In Southern California, one of the epicenters of the housing and housing-credit bubble, the pain has been...

The mortgage meltdown is taking a rising toll on the broader economy, increasing pressure on the Federal Reserve to slash interest rates for a third time next month in hopes of averting a recession. Homeowners will see their property values sink by $1....