The program is suspended, I'm guessing if there is a huge drop in home prices, they will probably have more demand for loans.
The California Public Employees' Retirement System said members have taken out more than 136,000 mortgages valued at more than $22.7 billion in the 29 years the system offered the program. But demand waned the past few years with between 1,000 and 4,500 loans annually since 2004, representing just a fraction of CalPERS 1.6 million members.
Read it all"Over the past few years, there has been limited interest among our members in the member home loan program," said George Diehr, chairman of the CalPERS investment committee. "This change allows us to redirect our resources and reduce the risk to the fund."
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