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California's home values highest, but owners stretch financially (Reg Req'd)  Californians have the nation's highest home values but are stretching further than people in most other parts of the country to meet their high mortgage payments, according to Census data


House and Home  What To Know About Cellphone Plans Today, it's both easier and harder than ever to change cellphone plans.Commentread more...


Maple Shade redevelopment proposal debated at meeting  The Planning Board wants more information on what properties would be targeted under a proposed redevelopment plan before it votes on whether to endorse the project.Commentread more...


What's behind the continuing bombardment of too-good-to-be-true mortgage solicitations? (San Francisco Chronicle)  Ever since the real estate market boiled over, melting down the mortgage industry and its cheap-money feeding frenzy, I've been waiting for one happy outcome: an end to the roar


Calls for mortgage action rise (Portsmouth Herald)   CONCORD (AP) ? New Hampshire's banking commissioner says the mortgage meltdown sweeping the country shows it's time to allow the state to license loan "originators." read more...


Group home finds city location  Starting this fall, there will be a new group home in Charlottesville for people recovering from alcohol and drug addictions. read more...

December 6th, 2007

Mortgage plan: How does it work? Who does it help? (USA Today)

The Bush administration, banks, bond firms and mortgage servicers rolled out a proposal Thursday to help people with higher-cost adjustable-rate subprime mortgages more quickly and easily refinance or modify their loans including freezing interest rates at the initial teaser rate for five years. A Q&A offers basics about the initiative.

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