Lieu to push foreclosure bill

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Democratic lawmakers plan to reintroduce a measure this week to reduce foreclosures, which will closely mirror a proposal from Gov. Arnold Schwarzenegger.Gene Maddaus in the Daily News.

Schwarzenegger has called for a 90-day moratorium on foreclosures, unless banks can come up with a comprehensive plan to modify troubled home loans.

During the November special session, Assemblyman Ted Lieu, D-El Segundo, introduced a similar plan that called for a 120-day moratorium.

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Los Angeles Daily News City Hall reporter Rick Orlov writes about politics on the local, state and national stage.

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This page contains a single entry by Rick Orlov published on November 30, 2008 5:55 AM.

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