LOS ANGELES — Afraid of jeopardizing its tax-exempt bond status, the California Housing Finance Agency has been foreclosing on homeowners who are renting out homes financed by the agency — even if they are current on their mortgages, according to a report by the state Senate Office of Oversight and Outcomes.

Senate President pro tempore Darrell Steinberg, D-Sacramento, and Sen. Mark DeSaulnier, D-Concord, sent a letter to CalHFA director Claudia Cappio on Monday asking that the agency stop forcing foreclosure on borrowers that remain current on their mortgage payments, even though they may technically be violating the agency’s strict owner-occupancy policy.

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