Foreclosure freeze prods banks to modify loans - San Francisco Gate

The California Foreclosure Prevention Act, signed by Gov. Schwarzenegger in February, adds 90 days onto the time period between when homeowners default on a loan and when their home can be repossessed in foreclosure. Banks can avoid the 90-day holdup ..., more 
and Foreclosure Freeze Hits Home - Bakersfield Channel  California is imposing a 90-day moratorium on housing foreclosures under a new law that takes effect Monday. The law is expected to make lenders try harder to keep borrowers in their homes. Loan companies must prove they tried to modify the ..., more 
and Foreclosure Moratorium Law Hits California Today - HispanicBusiness.com  SACRAMENTO, Calif. -- After a severe economic storm of more than 365,000 California foreclosures since early 2007, the state's long-awaited 90-day foreclosure moratorium law went into effect today. But it doesn't mean foreclosures will stop ..., more