Recent News
The New York Times Continues To Lead With Stories About Mortgage Foreclosure Fraud By Banks
As the stories continue to trickle out about Mortgage companies committing fraud in the foreclosure process, the New York Times continues to lead, as they have all week, with stories about this abuse. If you currently have a home in foreclosure, contact an attorney...
Chase joins GMAC in suspending foreclosures due to paperwork irregularities – WSJ
"J.P. Morgan Chase & Co., acknowledging possible problems with documents it filed on mortgage foreclosures, said it was suspending the foreclosures until a review of its filing process is completed. The company said the suspension affected 56,000 home loans that...
Debate might give new life to residential mortgage cramdown legislation
"A research paper from two economists at the Federal Reserve Bank of Cleveland contends that if what happened during the agricultural lending crisis of the 1980s is any indication, the actual negative effect of cramdowns is only minor." This report could cause...
GMAC Mortgage Halts Tainted Foreclosures
I think all of us in the bankruptcy law practice that deal with and follow these mortgages saw this one coming ! GMAC Mortgage Halts Tainted Foreclosures John Rogers, Kentucky Bankruptcy Lawyer
Elbert: Courts need tool for paring home debt
An excellent editorial on the continued, pressing need for congressional approval of the right to allow bankruptcy judges to cram down unsecured home debt. John Rogers, Kentucky Bankruptcy Attorney
Large Collection Firm Owes $63 Million; Files For Bankruptcy Protection
Another casualty of the national economic meltdown. Apparently, the public can't even be squeezed hard enough anymore to force them to pay on back, charged off, credit card debt enough to make it profitable for the collection companies. This event could be very...