One Example Why Your State Attorney General Matters

By artappraiser on Thu, 02/21/2013 - 12:34pm |

Big bucks flowing to California home owners under mortgage settlement
By Pete Carey, San Jose Mercury News, Feb. 21, 2013

[....] "California is faring very well under this deal," said Katherine Porter, the UC Irvine law professor who is serving as the state's monitor of the settlement with 48 state attorneys general.

About 41 percent of the relief so far has gone to Californians, she said.

"We think that's the result of two things -- a California commitment by three banks and the attorney general who made it clear how serious she was about enforcement of this deal. My office also worked really hard to educate borrowers," Porter said.

California Attorney General Kamala Harris held out for a special "California commitment" from three of the six banks [....]

URL:

http://www.mercurynews.com/business/ci_22632361/big-bucks-flowing-california-home-owners-under-mortgage