View video in Department of Finance   

 “It’s OUTRAGEOUS that the Legislature voted to take money from victims of foreclosure crisis.”

National Mortgage Settlement

- - > to backfill its budget deficit




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In 2012, California received $410 million as part of the National Mortgage Settlement in response to the foreclosure crisis. This settlement was intended to help homeowners avoid foreclosure on their homes. Instead, the Governor transferred the money to state agencies in order to cover their budget deficits.

This July a state appeals court ordered the state to repay $331 million of this money and use it to help the victims of this crisis as it was intended to do. 

Shockingly, the Legislature recently passed (and the Governor just signed) Senate Bill  861, a bill that rescinds the court order to give the money back to the victims and instead says
it's okay that the government used the money to backfill its budget deficit. It's incredible that the Legislature would take money out of the pockets of these homeowners, especially when the state has a multi-billion budget surplus this year.


Check out this video of my debate with the Department of Finance about how the Legislature is improperly diverting this money.   

It is an honor to represent you.



Editor’s note:  Please look at the video and realize the ‘Job’ Assemblyman Jay Obernolte is doing in Sacramento to represent his constituents as well as, the rights of all Californians with proper government practices. 

Go to: 

Listen carefully to Obernolte when he asks, “Have you read the language in the National Mortgage Settlement ? 

Listen carefully at the response,  “…. Not sure what you’re referring to…” 

ET Russell, September 22, 2018



Assemblyman Jay Obernolte represents the 33rd Assembly District, which includes the San Bernardino County communities of Adelanto, Apple Valley, Baker, Barstow, Big Bear City, Big Bear Lake, Big River, Crestline, Fort Irwin, Hesperia, Johnson Valley, Lake Arrowhead, Lenwood, Lucerne Valley, Needles, Oak Hills, Phelan, Running Springs, Silver Lakes, Trona, Twentynine Palms Base, Twin Peaks and Victorville.