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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4closureFraud.org
Related posts:
- Kamala Harris | California Breaks from 50-State Probe into Mortgage Fraudclosures
- Petition to Enforce | PEOPLE OF THE STATE OF CALIFORNIA, KAMALA HARRIS v FEDERAL HOME LOAN MORTGAGE CORPORATION
- CA Attorney General Kamala D. Harris Announces Creation of Mortgage Fraud Strike Force to Protect Homeowners
- KABOOM | Attorney General Kamala D. Harris Subpoenas Lender Processing Services (LPS) in Wide-Ranging Probe of Mortgage and Fraudclosure Practices
- AUDIO | California’s Attorney General Kamala Harris on Fraudclosure Settlement
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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.
http://www.scribd.com/doc/79351619/Barry-Fagan-v-Wells-Fargo-Bank-Re-Reply-to-Wells-Fargo-s-Opposition-to-Plaintiff-s-Motion-to-Compel