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Katy Grimes

Appellate Court Ordered CA Governor to Return ‘Unlawfully Diverted’ Subprime Crisis Funds

Gov. Jerry Brown was recently ordered by the state’s 3rd Appellate District Court to repay more than $331million in funds the state illegally diverted from a national fund intended to help homeowners struggling with foreclosures from the housing crisis. Instead of complying with the court order, Democrats are pushing through a bill to legitimize the theft of funds.

The Assembly already passed Assembly Bill 1829, which makes the statutory changes related to the National Mortgage justifying this theft. AB 1829 was passed on a party line in the Senate Committee on Budget and Fiscal Review, 12 – 5, with all Republicans on the committee voting no.

Bill Analysis… Read More