Vote set on writing bank settlement into Calif law

Sacramento, Calif.- California will become the first state to write into law much of the national mortgage settlement negotiated this year with the nation's top five banks, and expand it to all mortgages. Majority Democrats in the state legislature say they have the votes to send the home owner protection package to Gov. Jerry Brown despite opposition from business and lending organizations.

The protections would benefit all California homeowners, not just those whose mortgages are with the five banks that signed the national settlement in February.

-Associated Press