Monday, May 21 , 2018, 3:17 pm | Mostly Cloudy 68º


Hearing Set for Monday to Address State’s Mortgage Crisis

Assemblyman Pedro Nava, D-Santa Barbara, chairman of the Assembly Banking and Finance Committee, will hold a hearing regarding the mortgage crisis in California at 2 p.m. Monday in the California State Capitol, Room 444.

The hearing will focus on the current crisis in the mortgage loan and housing markets and the effects on California families and what action still needs to be taken at the state and federal levels.

“Homeownership is the bedrock of strong communities in California,” Nava said. “The current mortgage and credit crisis are reverberating across all sectors of our state and country in unimaginable ways. It is imperative that we learn from the current crisis so that we can help California families move forward.”

Nava will be joined by representatives from the Federal Reserve Board, the California Department of Financial Institutions, the California Department of Real Estate, the California Department of Corporations, the Greenlining Institute, the California Consumers Union, the Center for Responsible Lending, the Homeowner Rescue Alliance and others.

John Mann is a spokesman for Assemblyman Pedro Nava, D-Santa Barbara.

Support Noozhawk Today

You are an important ally in our mission to deliver clear, objective, high-quality professional news reporting for Santa Barbara, Goleta and the rest of Santa Barbara County. Join the Hawks Club today to help keep Noozhawk soaring.

We offer four membership levels: $5 a month, $10 a month, $25 a month or $1 a week. Payments can be made through PayPal below, or click here for information on recurring credit-card payments.

Thank you for your vital support.

Become a Supporter

Enter your email
Select your membership level

Payment Information

You are purchasing:

Payment Method

Pay by Credit Card:

Mastercard, Visa, American Express, Discover

Pay with Apple Pay or Google Pay:

Noozhawk partners with Stripe to provide secure invoicing and payments processing.

  • Ask
  • Vote
  • Investigate
  • Answer

Noozhawk Asks: What’s Your Question?

Welcome to Noozhawk Asks, a new feature in which you ask the questions, you help decide what Noozhawk investigates, and you work with us to find the answers.

Here’s how it works: You share your questions with us in the nearby box. In some cases, we may work with you to find the answers. In others, we may ask you to vote on your top choices to help us narrow the scope. And we’ll be regularly asking you for your feedback on a specific issue or topic.

We also expect to work together with the reader who asked the winning questions to find the answer together. Noozhawk’s objective is to come at questions from a place of curiosity and openness, and we believe a transparent collaboration is the key to achieve it.

The results of our investigation will be published here in this Noozhawk Asks section. Once or twice a month, we plan to do a review of what was asked and answered.

Thanks for asking!

Click Here to Get Started >

Reader Comments

Noozhawk is no longer accepting reader comments on our articles. Click here for the announcement. Readers are instead invited to submit letters to the editor by emailing them to [email protected]. Please provide your full name and community, as well as contact information for verification purposes only.

Daily Noozhawk

Subscribe to Noozhawk's A.M. Report, our free e-Bulletin sent out every day at 4:15 a.m. with Noozhawk's top stories, hand-picked by the editors.

Sign Up Now >