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Showing posts with label bankruptcy. Show all posts
Showing posts with label bankruptcy. Show all posts
Monday, March 9, 2009

NY Fed Reserve Staff Paper: Prior Bankruptcy Reform Shifted Risk from Unsecured Card Holders to Secured Lenders.

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Paper , Seismic Effects of the Bankruptcy Reform , is HERE : Main thesis: "Our specific argument is that [2005 Bankruptcy Reform Act] ...
Thursday, March 5, 2009

Thursday U.S. Housing Related Legislative Update:1 for 2.

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The Senate punted, until next week, on the 2009 Omnibus appropriations bill ( H.R. 1105 ) The House passed the revised bankruptcy bill ( H.R...

Bankruptcy, AKA Judicial Loan Modification, Bill Set for House Vote.

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Washington Post news story HERE has account of what has been changed in bill. One of key changes is to provide a safe harbor to exclude lo...
Thursday, February 26, 2009

Bankruptcy Bill House Vote Next Week? Changes in the Works?

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Housing Wire has interesting story HERE of H.R.1106 progress. Debate started today in House, but appears that some deal making might be g...
Tuesday, February 24, 2009

Revised Mortgage Bankruptcy Bill (with other provisions) Referred to House Committees.

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A revised mortgage bankruptcy bill has been introduced in the House and referred to Judiciary, Financial Services, and VA Committees. Former...
Friday, February 6, 2009

Credit Suisse Paper Says 20% of Foreclosures Could be Avoided Via Bankruptcy Reform Bill.

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Paper is HERE . NY Times story about foreclosures HERE references the paper. Paper also provides: A summary of Chapter 13 bankruptcy proc...
Tuesday, January 27, 2009

House Judiciary Passes Committee Amended Foreclosure Bankruptcy Bill.

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WSJ story HERE provides some details of amendments that were made before passage in the Committee. ( I don't see a reference but my rec...
Friday, January 9, 2009

Update to Citigroup Cramdown Agreement Post Includes Citigroup Letters; Mortgage Bankers Association Still Opposed.

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WSJ has good follow up story this morning, including links to PDF's of letters from Citigroup President to Senate and House. Story is H...
Thursday, December 18, 2008

New Study from Bankruptcy Attorneys Says that Loan Modification Programs Not Working.

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The National Association of Consumer Bankruptcy Attorneys (NACBA) issued press release HERE saying that new study shows loan modification ...