Senator Pitches American Dream Account To Help First-Time Homebuyers Save

Sen. Rick Scott pitched allowing banks to create specialized accounts for people saving for a down payment on a home. The Florida Republican introduced a bill to create the American Dream Account, which would allow people to put money in a special savings account that is exempt from some taxes. Seve

Florida Homeowners To See $650 Million Savings From Insurance Surcharge Ending 2 Years Early

The Florida Insurance Guaranty Association recently voted to terminate a 1% emergency assessment on all Florida homeowners and business property and casualty policies two years early. This is expected to save Florida homeowners and businesses up to $650 million over the next two years—or about $31 a

Saks to close in South Coast Plaza, Neiman remains at Fashion Island, Beverly  Center keeps both

Saks Global’s ongoing bankruptcy is having a ripple effect on its Southern California stores.  As part of its shutdown of several Saks Fifth Avenue and Neiman Marcus locations nationwide, Saks Global is closing its doors for good at three sites in SoCal, the Orange County Register reported.  South o

West Capital Lending sues loanDepot, alleges unlawful pay scheme

West Capital Lending (WCL) has sued loanDepot, accusing the California-based mortgage lender of engaging in a long-running compensation scheme that violates the Truth in Lending Act (TILA). The lawsuit, filed Friday in the U.S. District Court for the Central District of California, marks the latest