CA AG Harris: Law Enforcement Doesn’t Have to Comply With Secure Communities

By: Wednesday December 5, 2012 9:15 am

California Attorney General Kamala Harris has told law enforcement officials in the nation’s largest state that the Secure Communities program of the Department of Homeland Security is optional. It was Harris’ first public assessment of Secure Communities. Under the program launched in 2008, all arrestees’ fingerprints are sent to immigration officials, who may ask police [...]

Kamala Harris Embarrasses Herself By Touting Terrible Foreclosure Fraud Settlement

By: Thursday September 6, 2012 7:09 am

There were other notable speeches last night, though not as many as Tuesday. I thought Sandra Fluke, the amazing Sister Simone Campbell, Planned Parenthood’s Cecile Richards, and preacher/Congressman Emanuel Cleaver, who actually started marching in his speech, did a great job. But I have to call attention to California Attorney General Kamala Harris, who drew [...]

California Passes Significant Protections Against Illegal Foreclosure Processes

By: Tuesday July 3, 2012 6:00 am

Pressured by a coalition of activists and state Attorney General Kamala Harris, the California legislature completed a months-long project yesterday to significantly improve its foreclosure process.  The measure gives homeowners a new right to sue over fraudulent practices, ends dual tracking – where servicers process foreclosures while negotiating loan modifications – and extends a single [...]

Brown Defends Foreclosure Fraud Settlement Raid With Talk of “Balance”

By: Tuesday May 15, 2012 12:20 pm

California Governor Jerry Brown defended raiding funds from the foreclosure fraud settlement meant to go to help homeowners today: The Democratic governor said he would consider any “vital programs” that may be affected, but he suggested much of the money from the settlement with large banks would otherwise have been used for lawyers. “Any program [...]

CA AG Kamala Harris Rejects Governor Brown’s Attempt to Raid Foreclosure Fraud Settlement Funds

By: Tuesday May 15, 2012 6:59 am

California Attorney General Kamala Harris has responded to Jerry Brown’s bid to raid foreclosure fraud settlement funds through the back door by zeroing out the state support for the programs she has slated for the money to go. The state Department of Justice stood firm for over a year against the nation’s largest banks on [...]

Democrats Resume Pressure on DeMarco for Principal Reductions

By: Tuesday February 28, 2012 7:35 am

House Democrats continue to push the Federal Housing Finance Agency to offer principal reductions on loans backed by Fannie Mae and Freddie Mac, one of the biggest things that can be done to further an economic recovery. In a letter organized by Rep. Zoe Lofgren, 116 Democrats, a majority of the caucus, urged FHFA Chair [...]

Fun With Numbers: Foreclosure Fraud Settlement Figures Tough to Add Up

By: Tuesday February 14, 2012 10:21 am

Almost a week after the announcement of a foreclosure fraud settlement, experts are trying to determine what’s in it, given the absence of a term sheet. This chart at analyst SNL’s site shows one problem: it has a total settlement listed at $25 billion, but just California and Florida’s numbers add up to $26.4 billion. [...]

The Harris Claim: Side Deals and Numbers

By: Thursday February 9, 2012 11:17 am

“Attorney General Kamala D. Harris Secures $18 Billion California Commitment for Struggling Homeowners,” the headline blares. But wait: the foreclosure fraud settlement is only a total of $25 billion. Even if you believe HUD Secretary Donovan’s figures about principal reduction credits being worth more in actual principal reduction, you don’t get higher than $40 billion. [...]

Reaction to the Foreclosure Fraud Settlement

By: Thursday February 9, 2012 9:20 am

You’ve heard enough from me. And actually, you’ll hear plenty more later. But I thought I’d line up what some other people are saying about the foreclosure fraud settlement, the terms of which have not yet totally been released (which, I repeat, is a travesty of justice). First, let’s hear from our old friend ___ [...]

49-State Foreclosure Fraud Settlement Will Be Finalized Thursday

By: Wednesday February 8, 2012 8:15 pm

Forty-nine states, every one but Oklahoma, as well as federal regulators will participate in a foreclosure fraud settlement that will release the five biggest banks (Wells Fargo, Citi, Ally/GMAC, JPMorgan Chase and Bank of America) and their mortgage servicing units from liability for robo-signing and other forms of servicer abuse, in exchange for $25 billion [...]

Banks Want to Scotch Lawsuits in Foreclosure Fraud Settlement

By: Tuesday February 7, 2012 12:15 pm

Banks, not Attorneys General, have become the major sticking point on a foreclosure fraud settlement, as they seek assurances that they protect themselves from future lawsuits. Bank concerns reached fever pitch on Friday when the New York State attorney general’s office sued Bank of America, JP Morgan Chase and Wells Fargo, accusing the banks of [...]

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