Getting a home equity loan in California.

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Recent home equity loan news in California state

Underwater California homeowners to get more help - San Francisco Gate
The California Housing Finance Agency ... prevented people who had taken cash out of their homes - through a cash-out refinance or home equity loan - from getting a principal reduction but it lifted that restriction last fall.

Fannie, Freddie are set to reduce mortgage balances in California - Los Angeles Times
As California pushes ... keep paying off their loans. They also say that principal reduction would reduce foreclosures by lowering the monthly payments for underwater homeowners and giving them hope they would one day have more equity in their homes.

Home Loan Forbearance Expanded and New Opportunities for Reverse Mortgages - PRLog (free press release)
PRLog (Press Release) - May 01, 2012 - The California Association ... “Converting home equity into cash has been a challenge. . . since the real-estate downturn, but a growing number of lenders are quietly reviving a loan for seniors that does just ...

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