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Gov. Works with Lenders to Help California Homeowners Avoid Foreclosure
The agreement the California Schwarzenegger Governor negotiated with mortgage lenders requires that lending companies try to keep subprime mortgage borrowers in their home by modifying them with a loan they can afford. A half million Californians have sub-prime mortgages that will jump to higher rates in the next two years.

 

 

 

 

 

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