Kamala Harris Wants Fannie Mae, Freddie Mac to ‘Pause’ Foreclosures

Harris Wants Fannie Mae, Freddie Mac to ‘Pause’ Foreclosures

The two companies own more than 60 percent of California mortgages

Attorney General Kamala Harris wants Fannie Mae and Freddie Mac to place “a good faith pause on foreclosure sales in California” until the federal government completes “a thorough, transparent analysis” of the possibility of writing down the debt of borrowers who owe more on their homes than they are worth.

Harris made the request in a letter sent Friday to Edward DeMarco, the acting director of the Federal Housing Finance Agency, which oversees Fannie Mae and Freddie Mac.

“As ground zero for this mortgage and foreclosure crisis, California’s underwater homeowners deserve a straight-forward analysis from FHFA of whether a program of principal reduction by Fannie Mae will provide significant assistance to struggling homeowners as well as save taxpayer dollars,” Harris wrote in her letter.

In the letter, Harris said that a legal settlement reached earlier this month with the nation’s five largest mortgage servicers provides “an historic opportunity for you to work with us.”

Rest here…

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4closureFraud.org

Comments
11 Responses to “Kamala Harris Wants Fannie Mae, Freddie Mac to ‘Pause’ Foreclosures”
  1. jaclyn says:

    Leapfrog thank you ! As for settlement $$ to help reduce principal on home loans underwater…read on and think again:
    http://www.huffingtonpost.com/2012/02/22/national-foreclosure-settlement_n_1294867.html

  2. judge allslop says:

    AG(aspiring Governor) Kamala Harris has taken tens of thousands of dollars of contributions from Bank of America alone and has conspired against homeowners all along. She decieves in grand style.

  3. Fury says:

    all foreclosures and evictions need to stop immediately in all 50 states!

    AGs are top cops in all 50 states.

    they should NOT sign the bogus settlement that will do NOTHING for the swindled homeowners.

    they need to investigate and prosecute the bankster criminals who pulled off the biggest heist
    in the history of the world— fraud in the origination, the securitization ponzi scheme, and illegal foreclosures.

    the victims of the gigantic robbery demand their stolen homes and/or money back!

  4. readdocs says:

    It would have been better had she found a way to start a criminal investigation within her state boundaries.
    As it is, I wouldn’t be holding my breath.

  5. Jack Dopp says:

    We can easily force the issue-our group has been able to stop-or postpone-foreclosure sales in every case-in Ca. The first ones we did are postponed 5 years so far. If we get all the sales postponed-for 5 years, the two organizations will have no choice but to modify the principal balances. In studying her actions, I think Harris has done a magnificent job-so far.

  6. togetherwe'llwin says:

    Not a Bad Idea Kamala. Say, doing NOTHING accomplishes, well, you know what. So, here’s the BIGGER PICTURE perhaps behind Kamala”s move…she’s just plain tired of seeing WE THE PEOPLE’S alleged “money” go down the tubes…aka we’re paying for the prosecution and defense of Fannie and Freddie: http://www.examiner.com/law-enforcement-in-national/corrupt-freddie-fannie-execs-bilk-taxpayers-for-legal-fees#ixzz1nXRdxHMK

  7. lvent says:

    This statement begs the question…WTF good would a temporary pause do…???? WE THE PEOPLE DEMAND A NATIONWIDE LOAN RECISSION BY THE FED……AND CLEAR TITLE BACK TO WE THE PEOPLE …BECA– USE THE U..S TREASURY DEPARTMENT AND THE UNFEDERAL RESERVE AS WELL AS THE SO CALLED GSE’s..NOT ONLY DID NOT LEND THE AMERICAN PEOPLE ANY MONEY…WE THE PEOPLE LENT IT TO THEM..AND THE PROOF IS OUR RECORDED, STAMPED PAID DEEDS….WHAT THESE CRIMINALS INTENTIONALLY AND UNKNOW TO TH AMERICAN PEOPLE IS THEY MASSIVELY, CRIMINALLY AND DECEPTIVELY, .DISHONORED OUR NOTES AND OUR SIGNATURES BY COMMITTING MASSIVE MORTGAGE FRAUD BY THAT DISHONORING….!! WE THE PEOPLE DEMAND THE RETURN OF ALL OF OUR HIJACKED STOLEN WEALTH AS WELL AS WE THE PEOPLE DEMAND THAT ALL CRIMINALS AND TRAITORS MUST BE HELD TO FULL ACCOUNT….AND WE THE PEOPLE FULLY INTEND TO RETAKE OUR GOVERNMENT, RESTORE THE U.S. CONSTITUTION AND THE U.S BILL OF RIGHTS BACK TO ITS ORIGINAL FORM…AND WE THE PEOPLE WILL INSTITUTE OUR OWN CURRENCY…U.S. BANK NOTES…BACKED BY OUR OWN, STOLEN, HIJACKED WEALTH AND ISSUED VIA STATE BANKS…ALL FEDERAL RESERVE NOTES MAY BE EXCHANGED AT FULL FACE VALUE FOR U.S. BANK NOTES…LIBERTY, FREEDOM, INDEPENDENCE, JUSTICE, PROSPERITY AND NATIONAL SOVEREIGNTY WILL THEN PREVAIL …!!

    • lvent says:

      If anyone wants to know the real reason why China is doing better economically than the U.S…regardless of the fact that CHINA WAS allowed by the NWO GLOBALIST TRAITORS FROM WITHIN AMERICAN TO STEAL OUR JOBS AND OUR EDUCATION AND SELL US ALL OF THEIR CHEAPLY MADE SHIT FOR FREE…….THE REAL REASON WHY CHINA IS STRONGER THAN THE U.S. IS…THEY HAVE THEIR OWN CURRENCY…THE YEN…AND THEY DO NOT ALLOW FOREIGN INVESTORS TO INVEST IN THEIR PROPERTY OR IN THEIR WEALTH AND PROSPERITY.. …..!!!

    • charlie rice says:

      YOU hit the nail right on the head.!

  8. Wake Up America! says:

    If Harris truly wanted Fannie & Freddie to hit the “pause” button on foreclosures, she should have remained a holdout in the settlement talks with the “Big 5.” Instead, she caved just like the other holdouts – errr , sell outs – in NY, DE, AZ & MA. It was the plan all along. Now Harris wants us to believe – again – she is going to get tough and that she has the best interests of the people at heart. Please.

    I don’t believe a damn thing that comes out of the mouth of any politician.

  9. leapfrog says:

    “In the letter, Harris said that a legal settlement reached earlier this month with the nation’s five largest mortgage servicers provides “an historic opportunity for you to work with us.”

    Hahaha! Like THAT is going to happen. DeMarco needs to be FIRED, along with Walsh, Geithner, Holder, Shapiro and Bernanke.

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