Kamala Harris: National Mortgage Deal Still Not Good Enough For California

Kamala Harris: National Mortgage Deal Still Not Good Enough For California

One day after New York Attorney General Eric Schneiderman was named co-chairman of a federal mortgage fraud task force, California Attorney General Kamala Harris announced that she still refuses to join the national foreclosure settlement currently under negotiation among the Obama administration, the state attorneys general and the nation’s five largest banks.

“We’ve reviewed the details of the latest settlement proposal from the banks, and we believe it is inadequate for California,” said Shum Preston, spokesman for the California Department of Justice in a statement released Wednesday. “Our state has been clear about what any multistate settlement must contain: transparency, relief going to the most distressed homeowners, and meaningful enforcement that ensures accountability. At this point, this deal does not suffice for California.”

One major issue still undecided is the extent to which banks will be released from liability for misconduct in the mortgage market, say sources familiar with the negotiations. If a broad release is granted, states couldn’t pursue their own civil investigations of bank misdeeds.

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3 Responses to “Kamala Harris: National Mortgage Deal Still Not Good Enough For California”
  1. Marc Michon says:

    new group and weekly show foreclosure free zone in Northern California
    http://www.kpfa.org/archive/id/77175 1-23-12 start of series, CJ Holmes
    audio show every Wednesday 5 pm pacific
    a new group :occupy our Homes and the creation of a foreclosure free zone in Northern California.
    Obama to sell homes to hedge fund hymenia’s rent to us

    http://www.kpfa.org/archive/id/77240 1-25-12 CJ Holmes
    Fighting Back against Foreclosure: we’ll begin a series of Foreclosure On-air clinics and how you can make your neighborhood a foreclosure free zone. audio show every Wednesday 5 pm pacific
    http://www.flashpoints.net/ you can listen here anytime

    http://www.occupy-our-homes.info/ CJ Holmes Petaluma, CA



  2. Ex-Homeowner says:

    I believe Kamala Harris has, us, the California’s people in her best interest. I hope she knows how much it means to so many families, children, elderly, disabled, veterans, the banks doesn’t see discrimination in frauding the homeowner, tha JUSTICE IS SERVED!
    Thank You Kamala Harris!
    My Son and I believe in you!


    Barry Fagan v Wells Fargo Bank

    Reply Brief with Expert Opinion of CPA Shawn P Adamo and Forensic Document Examiner Dr. Laurie Hoeltzel concerning bank fraud.


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