Brown Calls on Banks and Loan Servicers to Detail Plans to Stem New Wave of Foreclosures

Los Angeles, CA – October 29, 2009 – (RealEstateRama) — Concerned about a “new wave” of foreclosures, Attorney General Edmund G. Brown Jr. today called on ten major banks and loan servicers to detail their plans to assist homeowners facing dramatic monthly payment increases on Pay Option Adjustable Rate Mortgages.


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