Governor signs laws targeting fraud, shady lending

Gov. Schwarzenegger came to Merced — the heart of California's foreclosure meltdown — to sign eight laws that protect homeowners and consumers from mortgage fraud and abusive lending practices.

"Merced County, just the other day, ranked fourth in the foreclosure crisis in the United States," Schwarzenegger said at Monday's event. "We know that the foreclosure crisis continues across California and the country. This is not going to solve all the problems, but it will help."