Articles

From the National Association of Consumer Bankruptcy Attorneys: 
I am writing with the disappointing news that the judicial mortgage modification amendment we were supporting in the House of Representatives failed on a 188-241 vote today.  As you know, similar legislation passed the House earlier this year on a 224-191 vote. Today, 50 Democrats who had voted in […]

From the National Association of Consumer Bankruptcy Attorneys 

  the continuing Foreclosure Crisis
The magnitude of foreclosures and the costs associated with the lack of a robust and effective government response tell the story:1.  Number of homes already lost to foreclosure  1.9 million      July 2007 – August 20092.   Projected number of additional foreclosures (2010)     3.5 million3.   Projected […]

March 14, 2009 (AP) - Disagreement among Senate Democrats over how many homeowners should qualify for court-ordered mortgage relief has stalled a key part of President Obama’s foreclosure prevention plan.  Behind the scenes, top Democrats are offering banks and credit unions sweeteners to drop their opposition to the plan, hoping that even tepid support from […]