Santa Cruz Good Times

Oct 06th
Text size
  • Increase font size
  • Default font size
  • Decrease font size

Town Hall with Assemblymember Bill Monning

What is currently being done at the state level to address the foreclosure crisis?

Several weeks ago, California and 48 other states agreed to a $25 billion legal settlement with the nation’s five largest banks based on their illegal practice of robo-signing foreclosure documents. As a result of this settlement, five pieces of legislation known as the California Homeowner Bill of Rights have been introduced in the legislature to enact aspects of the agreement.

The legislative package seeks to remedy a number of the questionable practices taking place within the mortgage finance industry. Banks will be required to establish a single point of contact for borrowers who seek assistance and will be banned from the practice of “dual tracking” whereby banks simultaneously pursue foreclosure while negotiating with a homeowner about a loan modification. Additionally, the legislation would require loan servicers to provide homeowners with documentation that verifies the servicers’ right to pursue foreclosure; would establish fines of $10,000 for knowingly filing documents that contain inaccurate information; and would provide cities with new options to combat blight created by foreclosed and vacant properties.

It is my hope that the settlement agreement and the legislation will provide consumers with concrete remedies when dealing with the unfair mortgage practices employed by some banks. In the Central Coast region, foreclosures are still occurring and homeowners are still exploring loan modifications. If successful, this legislation will bring an important level of fairness and transparency to the mortgage process while protecting the interests of homeowners and law-abiding lenders alike.

With the one year anniversary of the devastating 2011 Pacific tsunami reminding us of the damage it produced here in Santa Cruz, is there anything being done to heighten the awareness about the dangers tsunamis pose to those of us who live along the coast?  

The devastating tsunami in the Pacific Ocean created by the March 11, 2011 earthquake in Japan claimed the lives of more than 19,000 Japanese citizens, wiped out entire communities, and inflicted billions of dollars in damages. Effects of the tsunami were felt thousands of miles away on our own shoreline where a number of California’s harbors and ports were severely damaged and local commercial fishing industries debilitated. The Santa Cruz Harbor suffered approximately $25 million in damages.

The one year anniversary of the Pacific tsunami allows us to not only reflect on the tragic devastation suffered, but also to reexamine ways in which we can prepare for future such natural disasters.  This is why I authored Assembly Concurrent Resolution (ACR) 114 which declares the week of March 25 through 31, 2012 as “California Tsunami Awareness Week” to create public awareness about the necessity for Californians in coastal communities to actively prepare and plan for the possibility of tsunamis.

Throughout the week of March 25, the California Emergency Management Agency and the California Geological Survey will distribute educational materials, hold emergency tests, and organize and host events on how to prepare and stay safe during a tsunami-driven natural disaster. ACR 114 strives to bring awareness and attention to the need for the millions of Californians who live, work, and visit California’s coastline to be conscious of tsunami hazard zones, evacuation routes, and warning systems. I encourage coastal residents to review the educational materials and information on how to stay safe in the event of a tsunami at Similar to earthquake and fire emergency preparedness, now is the time for you and your family to develop tsunami awareness and a disaster plan.

Comments (0)Add Comment

Write comment
smaller | bigger


Share this on your social networks

Bookmark and Share

Share this

Bookmark and Share


Making a Scene

As it celebrates its 30th year, Santa Cruz County’s Open Studios is one of the most successful in the country—and a make-or-break event for many local artists


The New Tech Nexus

Community leaders in science and technology unite to form web-based networking program


At Clothes Range

FashionART’s 10th anniversary show introduces a new generation of designers on the edge


A Ritual & Initiation

The Pope has come and gone, but his loving presence ignited new hope and goodness in many. While he was in NYC, China’s ruler arrived in Washington D.C. East (China) and West (Rome), meeting in the middle, under Libra, balancing sign of Right Relations. The Pope arrived at Fall Equinox. Things initiated at Fall Equinox are birthed at Winter Solstice. The Pope’s presence was a ritual, an initiation rite—like the Dalai Lama’s visits—offering prayers, teachings and blessings. Rituals anchor God’s plan into the world, initiating us to new realities, new rules. The Pope’s presence brings forth the Soul of the United States, its light piercing the veils of materialism. The Pope’s visit changed things. New questions arise, new reasons for living. A new wave of emerging life fills the air. Like a cocoon shifting, wings becoming visible. The winds are different now. Calling us to higher vision, moral values, virtues that reaffirm and offer hope for humanity. A changing of the guard has occurred. Appropriately, this is the week of the Jewish Festival of Sukkoth (’til Oct. 4), when we build temporary homes (little huts in nature), entering into a harvest of prayer and thanksgiving, understanding our fragile and impermanent existences. We are summoned to reflect upon our lives, our humanity, our nature, our spirit and each other. Offering gratitude, becoming a magnet for others. We observe. We see the needs. We love more.
Sign up for Good Times weekly newsletter
Get the latest news, events

RSS Feed Burner

 Subscribe in a reader

Latest Comments


What’s your biggest pet peeve?

When people say they’re “going down” somewhere, and they’re actually traveling north. Julia Ragen, Santa Cruz, Psychologist


Downhill Cellars

An easy-drinking Chardonnay from Downhill Cellars


If whales have a message for humans, what might it be?

“Do not come in the water and join us.” Howard Hall, Santa Cruz, Retired


Wargin Wines

The wine world is buzzing about this Pinot Gris