US - The California Public Employees' Retirement System (CalPERS) programme to help pension fund members buy and refinance homes almost tripled in size last year.
A report on the System's 27-year-old Member Home Loan Program said 4,465 loans valued at US$1.2bn were purchased in 2008 - compared with a total of 1,701 loans purchased for $415m in 2007. CalPE...
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