This is a snippet of an article from Mortgage daily news. No matter your political tendencies, it looks like Arnold recognizes the severity of the issue. Too bad they can't come up with help like this for ALL laid off workers, not just mortgage types....
California Governor Arnold Schwarzenegger has announced a massive program to address a number of aspects of the housing slump in the state which has probably been harder hit by its effects than any other.
The various initiatives will use a variety of state and federal funds including a $5.6 million federal grant to retrain mortgage and banking industry workers laid off as a result of the subprime... more
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