Will a Federal Foreclosure Deal Help Californians?

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President Obama announced a $26 billion settlement today with 49 state attorneys general and five major banks. He said it will "end some of the most abusive practices of the mortgage industry and begin to turn the page on an era of recklessness." California's Attorney General, Kamala Harris, was one of the last to get on board. We hear from her and from Yvonne Maria Jimenez, Deputy Director of Neighborhood Legal Services of Los Angeles County, which is advising families facing foreclosure in the North San Fernando Valley.






Warren Olney