- Rep. Jerry McNerney happy with settlement, but says more needs to be done
Rep. Jerry McNerney said he was glad to learn that five banks
have agreed to a settlement in the foreclosure crisis, especially
considering that San Joaquin County has been hard hit by home
“I am hopeful that people in our region will be helped by this
settlement, but we must be vigilant in monitoring how effectively
this settlement is carried out and make sure the banks live up to
their commitments,” McNerney, D-Pleasanton, said in a news
“Far too many families have been forced out of their homes, and
millions more remain at risk of foreclosure or underwater in their
homes,” he said.
“I am interested to find out exactly how the promise that folks
in the hardest-hit areas — like Northern California — will be made
a priority for assistance, and how we can make sure the maximum
amount of homeowners are being helped,” McNerney said.
— News-Sentinel Staff
Posted: Friday, February 10, 2012 12:00 am
Friday, February 10, 2012 12:00 am.