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YSPs Under Attack; North Carolina law creates prohibition for certain loans.

Publication: Broker Magazine
Publication Date: 01-OCT-08
Format: Online
Delivery: Immediate Online Access

Article Excerpt
CALIFORNIA

Task Force in Action

Governor Arnold Schwarzenegger's task force on nontraditional mortgages has highlighted the dramatic increase in the number of California homeowners who have taken action in the wake of rising mortgage payments and seeking help through the HOPE hotline.

The Homeownership Preservation Foundation who administers the national HOPE hotline released a report of California for January 2008 to the present, indicating a nearly 300% increase in the numbers of homeowners calling and receiving one-on-one counseling sessions through the nonprofit, HUD-approved provider.

"The governor has said all along that solving the housing...

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