Last week, Governor Schwarzenegger told the US Treasury Secretary that California might need $7 billion in federal money just to pay bills. Now it appears the state budget—after those months of wrangling—may have to be opened up again. Also, if you’re behind on your mortgage payments, Countrywide may have a deal for you. Image Credit: U.S. Home Prices drop to October 2005 Levels. By David McNew/ Getty Images News
The Credit Crisis Hits California
From this Episode:
Aid for Borrowers behind on Their Countrywide Payments
Bank of America —the new owner of Countrywide —wants to get out from under charges of lending abuse. It's told California and other states that it will help mortgage...
5 min, 31 sec