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Cal Pers Out of The Home Loan Business

December 21, 2010

CalPers the California pension fund for state workers says they are going to suspend the home loan program for member. This program has been ongoing for twenty-nine years. The recent decision by CalPers was due to the fact that demand for the loan program is currently limited in todays mortgage environment. CalPers members have taken out approximately one hundred thirty-six thousand loans over the twenty-nine years this program has been in effect.

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From → money, people, things

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