Calfornia attorney general explains decision to leave mortgage settlement talks

Andrew Edwards, Staff Writer
Posted: 10/04/2011 03:56:03 PM PDT

State Attorney General Kamala Harris said Tuesday she left national settlement talks with lenders over potential mortgage and foreclosure violations because she doesn’t expect a deal will provide enough compensation for troubled California homeowners.

“I do not believe that the total number of Californians who are in foreclosure would be eligible for relief,” Harris said in a conference call with reporters.

Harris also said she was concerned that a deal would allow lenders to escape civil, or even criminal, penalties for alleged wrongdoing.
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