Struggling homeowners share their stories with California Attorney General

California Attorney General Kamala Harris on Monday listened to homeowners' stories about how much they were struggling to make their mortgage payments and get their bank loans modified.

Darryl Davis, one of the Mission Economic Development Agency's clients, described his nightmare saying he and his two children were turned out from their home following around a year of negotiations with the lender.

Various California community groups present at the event, including the Mission Economic Development Agency, California Reinvestment Coalition, Center for Responsible Lending, and PICO California, demanded immediate and long-term solutions to ease the harmful effect of the prevalent foreclosure crisis.

During the event, organized by the Mission Economic Development Agency in San Francisco, Harris assured that enhancing loan servicing and transparency in the mortgage system was one of the foremost priorities of her office.

Commenting on the foreclosure issue, a representative for Ms. Harris said, "Our position remains the same. We are focused on securing maximum relief and lasting reform for California homeowners."

The California Attorney General also assured that they would let five big banks, viz. the Bank of America, Citigroup, Wells Fargo, J P Morgan Chase and Ally Financial, get off easily in the mortgage mess.