AFR in the News – State is key to deal on mortgages

Nathaniel Popper and Alejandro Lazo (LA Times)
September 24, 2011

“California Atty. Gen. Kamala Harris has emerged as a key player in pursuing a nationwide settlement with major U.S. banks accused of wrongful foreclosures and is facing increased pressure from consumer groups seeking help for homeowners devastated by the mortgage crisis. … The importance placed on California puts Harris in a significant position to hold banks accountable for improper foreclosures. She has been the subject of increased pressure from advocates who say she has not done enough to battle banks’ efforts to get off lightly.‘The banks want to get away with everything, and she is probably one of the linchpins in saying that is going to happen or isn’t going to happen,’ said Liz Ryan Murray, the chairwoman of the foreclosure task force at Americans for Financial Reform. ‘We would like to see her come forward and be more public on what she will and won’t give up.’” Click here for more.