Apr24
Washington Post
By Dina ElBoghdady
Wednesday, Apr 13, 2011
Three federal agencies announced agreements with the nation’s largest mortgage servicers Wednesday that aim to stem shoddy foreclosure practices. But the plans do not immediately impose financial penalties on the companies or force them to reduce the mortgage debt for troubled borrowers.
The deals require the mortgage servicers to identify […]
May11
By Mark Lieberman, Senior Economist
Source: FOXBusiness
During the debate over changes in personal bankruptcy laws, bankers were tripping over themselves to get Congress to agree to changes to make filing personal bankruptcy more difficult. The changes, they argued, would make borrowers more responsible – and by the way reduce bank losses as debts could no longer […]
By Brian Allen
Tags: Bankruptcy, Chapter 13, Chapter 7, credit card, delinquency, discharge, economy, foreclosure, loan modification, mortgage, Obama, plan, prime, reform, repayment
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Filed under Housing Crises
May08
By Anna Gustafson
Three Queens homeowners filed a lawsuit against JP Morgan Chase Bank Tuesday for allegedly illegally delaying and denying their applications for foreclosure relief.
The Jamaica, Queens Village and Fresh Meadows residents and attorneys from the Urban Justice Center filed the suit in federal court in Brooklyn that alleges the bank refused to provide them […]
Apr30
April 30, 2009 by senatus Senators have defeated an amendment offered by Senator Dick Durbin (D-IL) to the Helping Families Save Their Homes Act (S. 896) by a vote of 45 to 51. It was subject to a 60-vote threshold. This is the so-called “cramdown” amendment which would allow bankruptcy judges to modify mortgage […]
By Brian Allen
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Filed under Bankruptcy Code, Bankruptcy Trends, Chapter 13 Bankruptcy, Chapter 13 Plans, Chapter 7 Bankruptcy, Debt Collection, Housing Crises, Interest, Of Interest, Plan Payments, The Economy, Uncategorized
Apr18
First and foremost in most people’s minds is they want peace of mind. Yes, the filing of a bankruptcy case will stop the creditors’ harassment. If creditors continue harassing the debtor after his or her bankruptcy case is filed, the creditor can be sued in bankruptcy court for money damages. Most good people need to […]
