California breaks from 50-state probe into mortgage lenders

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California breaks from 50-state probe into mortgage lenders

California breaks from 50-state probe into mortgage lenders

California, be sure you give her your support. This is big news.

 

LA TIMES-

California Atty. Gen. Kamala Harris will no longer take part in a national foreclosure probe of some of the nation’s biggest banks, which are accused of pervasive misconduct in dealing with troubled homeowners.

Harris removed herself from talks by a coalition of state attorneys general and federal agencies investigating abusive foreclosure practices because the nation’s five largest mortgage servicers were not offering California homeowners relief commensurate to what people in the state had suffered, a person familiar with the matter said.

The big banks were also demanding to be granted overly broad immunity from legal claims that could potentially derail further investigations into Wall Street’s role in the mortgage meltdown, the person said.

The removal of California from the discussions is a major blow to fraying efforts…

[LA TIMES]

[ipaper docId=67010605 access_key=key-5sgaycpwoa7sh9jke5i height=600 width=600 /]

 

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One Response to “California breaks from 50-state probe into mortgage lenders”

  1. Jeff says:

    Is the judge remanded the same that went to work for Marshall C. Watson… I smell conflict of interest.

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