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Thursday, 09 February 2012 14:20

Statement from Assembly Speaker John A. Pérez on Historic Foreclosure Settlement

SACRAMENTO –Assembly Speaker John A. Pérez (D-Los Angeles) has released the following statement regarding the multiple-state foreclosure settlement announced today:

“All Californians have suffered harm, directly or indirectly, from the foreclosure crisis caused by bad actors in the banking industry. Today’s historic settlement holds banks accountable, helps thousands of Californians stay in their homes, and gives us new tools to help stabilize our state’s housing market.  California’s strong position in the enhanced settlement is due to the advocacy and tenacity of Attorney General Kamala Harris, and Californians owe her our thanks for how strongly she stood up to the banks on our behalf.  There is still work to be done, and as the Assembly continues our efforts to help California recover from the recession and the housing crisis, we look forward to working with the Attorney General and other concerned parties to make sure today’s giant step forward is followed by additional relief for the people of California.”

CONTACT: John Vigna (916) 319-2408

Website of Speaker John A. Pérez: www.asmdc.org/speaker

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