Kamala Harris, California Attorney General, To Fannie And Freddie Head: 'Step Aside' Over Mortgage Crisis

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Kamala Harris, California Attorney General, To Fannie And Freddie Head: ‘Step Aside’ Over Mortgage Crisis

Kamala Harris, California Attorney General, To Fannie And Freddie Head: ‘Step Aside’ Over Mortgage Crisis

I clearly see this as one thing, FHFA’s Ed DeMarco is keeping CA AG Harris from moving forward on the Foreclosure Fraud Settlement. Hmm this is getting interesting.

 

HuffPO-

California Attorney General Kamala Harris has called on the head of the agency that houses Fannie Mae and Freddie Mac to “step aside” if he continues to refuse to reduce mortgage loans for underwater homeowners.

“It has become clear to me that the only way to keep distressed California homeowners in their homes is through meaningful principal reduction,” Harris said in a statement Thursday.

The lack of meaningful principal reduction is what drove Harris in late September to exit the multistate settlement talks with major banks that are led by Iowa Attorney General Tom Miller with the support of the Obama administration. The attorneys general of Massachusetts, New York, Kentucky, Minnesota, Delaware and Nevada have also bridled at the settlement efforts, finding the banks’ expected $25 billion write-down to be inadequate to protect their states’ homeowners from losing their property.

[HUFFINGTONPOST]

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2 Responses to “Kamala Harris, California Attorney General, To Fannie And Freddie Head: ‘Step Aside’ Over Mortgage Crisis”

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  1. […] Tags: 50 state settlement, attorney general, bank of america, Beau Biden, california, Cassandra Daniels, Catherine Cortez Masto, countrywide, criminal, delaware, Ed Demarco, Eileen Foster, employees, Eric Schneiderman, fannie mae, fhfa, foreclosure fraud, Freddie Mac, Gavin Newsom, investigation, Jack Conway, Kamala D. Harris, kentucky, Lori Swanson, mail fraud, Martha Coakley, massachusetts, mbs, MERS, michael hudson, minnesota, mortgage, mortgage backed securities, MORTGAGE ELECTRONIC REGISTRATION SYSTEMS INC., Nevada, new york, Refinance, settlement, Trusts, U.S. Department of Labor, underwriter, wall street, whistleblower, wire fraudSource: stopforeclosurefraud.com […]

  2. […] […] Tags: 50 state settlement, attorney general, bank of america, Beau Biden, california, Cassandra Daniels, Catherine Cortez Masto, countrywide, criminal, delaware, Ed Demarco, Eileen Foster, employees, Eric Schneiderman, fannie mae, fhfa, foreclosure fraud, Freddie Mac, Gavin Newsom, investigation, Jack Conway, Kamala D. Harris, kentucky, Lori Swanson, mail fraud, Martha Coakley, massachusetts, mbs, MERS, michael hudson, minnesota, mortgage, mortgage backed securities, MORTGAGE ELECTRONIC REGISTRATION SYSTEMS INC., Nevada, new york, Refinance, settlement, Trusts, U.S. Department of Labor, underwriter, wall street, whistleblower, wire fraudSource: stopforeclosurefraud.com […]Source: stopforeclosurefraud.com […]


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