Government
Jun. 29, 2012
Mortgage bills head to floor votes
Key parts of the so-called Homeowner Bill of Rights passed a special joint conference committee on Wednesday by a 4-1 vote with one abstention.
By Paul Jones
Daily Journal Staff Writer
Key parts of the so-called Homeowner Bill of Rights passed a special joint conference committee on Wednesday by a 4-1 vote with one abstention.
Senate Bill 900 and Assembly Bill 278 mandate that banks create a single point of contact for homeowners seeking to modify their mortgage or undergoing foreclosure. It also would end dual-track foreclosures, the process by which banks engage in discussions with homeowners to modify t...
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