|
The California Sub-Prime Mortgage Agreement |
|
|
|
|
Written by Administrator
|
|
Monday, 21 January 2008 |
In Fresno on November 20, 2007, California Governor Arnold Schwarzenegger announced a groundbreaking plan to help address rising levels of defaults and foreclosures on home mortgages.
An agreement was reached with four lenders representing 25 percent of the sub-prime loan market in California to publicly announce their commitment to principles that will help preserve homeownership for tens of thousands of home owners at risk of default due to hybrid ARM sub-prime mortgages resetting to higher interest rates.
Click HERE to see more about the Agreement.
|
|
Last Updated ( Tuesday, 04 March 2008 )
|
