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Government

Feb. 24, 2012

New bills on foreclosure abuses will face opposition

As California homeowners await details of a $25 billion multistate settlement with lenders over past foreclosure abuses, focus is already shifting to forward-looking legislation.


By Emily Green


Daily Journal Staff Writer


SACRAMENTO - As California homeowners await details of a $25 billion multistate settlement with lenders over past foreclosure abuses, focus is already shifting to forward-looking legislation. But if what happened last year at the Capitol is any indication, new mortgage regulations have a tough road ahead, despite political momentum to help homeowners.


In 2011, state Senate President Pro Tem Darrell Ste...

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