Saturday, October 01, 2011

Nationwide bank foreclosure deal rejected by California AG

Kamala Harris removed herself from the state AG mortgage investigation.

California Attorney General Kamala Harris is rejecting a proposed settlement with U.S. banks over their foreclosure practices, saying she will instead pursue her own mortgage investigation.

The proposed agreement is “inadequate” and would allow too few California homeowners to stay in their homes, Harris said in a letter today obtained by Bloomberg News.


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