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Wednesday, Jun 7, 2023

Schwarzenegger proposes 90-day freeze on pending home foreclosures

Reporting from Sacramento — Gov. Arnold Schwarzenegger on Wednesday proposed a 90-day freeze in pending home foreclosures to give California’s financially pinched homeowners more time to get new or more affordable loans. The governor unveiled a foreclosure relief and long-term mortgage reform initiative as part of an economic stimulus package that he plans to put before lawmakers in a special session of the Legislature scheduled to begin today. For the full story visit www.latimes.com/business/la-fi-foreclose6-2008nov06,0,4305860.story

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