Relevant:
- Atty. Gen. Kamala Harris ASKS Fannie and Freddie to Stop Foreclosing
- HARP 3.0 Coming? California to Change Foreclosure Laws? (And More)
- Harris Wants Fannie Mae, Freddie Mac to 'Pause' Foreclosures
- Foreclosure activity plunges in California with new laws in effect
- Foreclosure bills will get legislative hearings
2012-05-19 — latimes.com
Should federal officials lecture state lawmakers on policy? The general counsel for the Federal Housing Finance Agency, the regulator overseeing Fannie Mae and Freddie Mac, certainly seems to think so.
At issue are two bills backed by California Atty. Gen. Kamala Harris to set new rules for the foreclosure process. The bills ran into stiff opposition from lenders, so the top Democrats in the Assembly and state Senate moved them to a conference committee in the hope of working out a compromise that could keep them on track.
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