Kamala Harris to Announce Homeowner Bill of Rights

Attorney general will be joined by fellow politicians to announce the measure.

Just weeks after announcing a settlement with some of the nation's largest home lenders, California Attorney General Kamala Harris is set to announce a homeowner bill of rights Wednesday.

The former San Francisco district attorney is scheduled to make the announcement with Senate President Pro Tem Darrell Steinberg and Assembly Speaker John A. Prez Wednesday at 11 a.m.

The press conference will be streamed on the attorney general's website.

Earlier this month, Harris announced a settlement between federal officials and the nation's largest mortgage lenders that could net California homeowners $18 billion.

The deal may benefit about 466,000 homeowners in California, according to Harris' office.

But critics say the settlement aids irresponsible home buyers. Yet Harris rejected that belief in her statement, saying the crackdown on fraud targets homeowners hurt during the bubble.

Harris said in a recent NBC interview that the settlement is just the tip of the iceberg. She plans to work on a deal with Freddie Mac and Fannie Mae, who own the majority of home loans in the state.


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