AG King Gets an “A” for Foreclosure Crisis Efforts...ACORN Group Rates AGs Nationally
Tuesday, June 10, 2008
(SANTA FE)---Attorney General Gary King today received word that his office received an “A” rating for efforts to address the effects in New Mexico of the mortgage foreclosure crisis being experienced in some parts of the country.
The Association of Community Organizations for Reform Now (ACORN) graded state attorneys general for how they have responded to emerging foreclosure problems in their respective states.
“I’m pleased to be recognized with a good grade. We were happy to meet with ACORN to discuss the foreclosure crisis and outline our thoughts for supporting legislation that protects consumers from predatory lending practices that have contributed to the crisis,” says Attorney General King. “We will continue to advocate for stronger consumer protection laws in New Mexico that can help prevent and mitigate the effects of foreclosure.”
For the time being it seems that New Mexico has not experienced the same levels of foreclosures that other states have been reporting. However, anecdotal information does indicate that foreclosures in the state have increased.