Letters: Where’s the money for homeowners?
Re “Faces of subprime lending’s legacy,” Business, Oct. 23
In February, the secretary of Housing and Urban Development said that the states would be using much of the $25 billion in settlement money from the nation’s largest mortgage servicers to provide “immediate relief to homeowners.” Gov. Jerry Brown used California’s share of the settlement money — about $410 million — to help close the state’s budget deficit.
Those facing foreclosure should file a class-action suit against the governor to require that all of the $410 million go toward providing immediate relief to homeowners. You can also vote no on Proposition 30 to get the governor’s attention.
Robert M. Green
San Dimas
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