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Real Estate News |
- Rescue bill won't curb region's foreclosures, experts say
The provisions for struggling homeowners in the Wall Street rescue bill signed into law Friday are largely voluntary and not enough to curb foreclosures in regions such as Sacramento, some analysts say.- Home Front: 'Anti-sprawl' law unlikely to radically alter Sacramento trends
The hyperbole soared into overdrive when Gov. Arnold Schwarzenegger signed a major "anti-sprawl" bill this week authored by state Sen. Darrell Steinberg, D-Sacramento.- Services help vets avoid defaulting on home loans
The Department of Veterans Affairs is offering counseling services to help veterans and active-duty personnel avoid defaulting on home loans obtained under the government's home-loan guaranty program.- Down payment assistance program dies in Congress
Call it another casualty of the Wall Street bailout. A hotly debated down payment assistance program that started in Sacramento and helped fuel thousands of home sales nationwide came to an end Tuesday.
Scott Syphax, the head of Nehemiah, wants to discuss options for reviving the program.
- Area caught in credit squeeze
Bertram Chatham, owner of a Citrus Heights Halloween store, says he's just as good a businessman today as he was a year ago.
Bertram Chatham, sitting among a collection of masks at his Halloween store in Citrus Heights, wanted to open another seasonal store this year, but his bank scaled back his credit line as the economic crisis grew. - Schwarzenegger vetoes mortgage broker restrictions
Gov. Arnold Schwarzenegger vetoed a proposal Thursday that would have imposed tough restrictions on mortgage brokers, such as banning exotic loans to risky borrowers that cause balances to grow rather than shrink over time.
Gov. Arnold Schwarzenegger, speaking Thursday at the League of California Cities annual conference in Long Beach, vetoed a proposal that would have imposed tougher restrictions on mortgage brokers.
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