Bankers Nationwide Fight Lending Protections in California
Californians need Attorney General Harris' Homeowner Bill of Rights to fix mortgage lending abuses and speed economic recovery. But lobbyists fighting it in Sacramento have now enlisted mortgage bankers from around the country to help them defeat it. (Read the e-mail sent by the Mortgage Action Alliance, the Mortgage Bankers Association's national e-advocacy division.) The MBA urged members nationwide to "Stop the Damaging Unintended Consequences of Sweeping California Legislation," and oppose common-sense protections of the Homeowner Bill of Rights, a legislative package modeled on the recent