Topic: California Public Policy Institute
Jerry Brown made the first 'State of the State' address of his latest administration to both houses of the California state legislature Monday. There is a projected state budget deficit of over $25 billion facing Gov. Jerry Brown and lawmakers.
Mortgage default notices - the first step in foreclosure - dropped by 10.3 percent in California last quarter. That's due to loan modifications and banks' unwillingness to dump more homes on the market, say experts.