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Wednesday, December 21, 2011

''State of California Sues Fannie Mae and Freddie Mac Over Foreclosures''

read more......from economywatch.....


"AG Kamala Harris is suing the two mortgage giants in essentially identical lawsuits over 12,000 foreclosedproperties in California where they served as landlords, using the legal approach to insist that the firms respond to 51 investigative subpoenas.
According to a report by the Associated Press, the firms are also pressed to “reveal whether they have information on the decreased value of those homes due to drug dealing or prostitution, as well as explosives and weapons found on those vacant properties.”

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