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Wednesday, May 16, 2012

''California Bankers Say Mortgage Proposals Too Strict''

From LoanSafe

''Banking executives warned California legislators Tuesday that some provisions of a proposed “Homeowners Bill of Rights” may create a wave of frivolous lawsuits and slow the recovery of the state’s housing market.

The bankers and other industry representatives spoke in Sacramento before a special panel of lawmakers assigned to craft new mortgage and foreclosure laws.''

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