Press Release: Homeowners urge Attorneys General to stand strong against mortgage fraud

** For Immediate Release

Contact: Monica Trevino, National People's Action
Cell: 312-286-4430

Homeowners urge Attorneys General to stand strong against mortgage fraud

Homeowners expect Iowa Attorney General Tom Miller and the other Attorneys General who are investigating mortgage fraud to conduct a thorough investigation, punish banks that broke the law, and impose remedies that stop the flood of foreclosures destroying lives and communities.

As the top law enforcement officers in the states, the Attorneys Generals must exert bold action against the nation’s biggest banks that engaged in pervasive fraud against the American people.

Over the coming weeks, homeowners from PICO, National People’s Action, Alliance for a Just Society, Alliance of Californians for Community Empowerment, IAF Southeast and other organizations representing homeowners will be meeting with Attorneys Generals across the country to press for a strong settlement that makes principal reduction the primary strategy for addressing the harm done by mortgage fraud.

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