"Opposed by powerful business and finance groups, key mortgage reform
bills sponsored by Attorney General Kamala Harris are headed for a joint
legislative conference committee.
The six-member conference committee will consist of two Democrats and
one Republican from each house, according to multiple legislative aides
who had been notified of the plan."
"The other proposal is designed to crack down on "robo signings" stemming
from loose loan-documentation standards"(1)
I'll be watching this with keen interest. It isn't just the US north-east states that were hit by the sub-prime mortgage crisis of 2008-10.
Footnote:
(1) http://blogs.sacbee.com/capitolalertlatest/2012/04/stalled-mortgage-bills-headed-for-joint-conference-committee.html
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