cramdown
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Latest blogosphere posts tagged “cramdown”
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‘Cramdown’ legislation could be a losing battle, backers say
Progressive News Daily —
Authority: 160
by Silla Brush The Hill.com Controversial legislation that would give judges new power to rewrite home mortgages is on life support. Leading House and Senate Democrats have fought for more than a year in favor of a policy they argue is critical to stemming foreclosures, keeping people in their homes and boosting ...1 day ago -
Mortgage Modification Applications Decline in November
Sense on Cents —
Authority: 477
If you don’t buy a ticket, you can’t get into the game. The Obama administration’s attempt to stabilize the housing market has been an abysmal failure. That fact has been widely broadcast here at Sense on Cents and increasingly at other outlets. While the administration is now attempting to revive this ...2 days ago -
UPDATE: Mortgage Modifications Leading to Mortgage Cram-Downs
NO QUARTER —
Authority: 532
Despite overwhelming efforts on the part of Uncle Sam, the simple fact of the matter is the program to successfully and permanently modify mortgages has not gained truly meaningful traction. Public pressure on mortgage servicers specifically and the mortgage modification program at large have generated a slight, but ...2 days ago -
Why Did Jane Harman And So Many Other Corporate Shills Flip Flop And Vote Against Foreclosure Reform?
DownWithTyranny! —
Authority: 609
Jane Harman represents the status quo Funny that Obama was willing to posture against the Wall Street banksters and their nefarious lobbyists in his radio address this morning, but stopped short at going after the shamelessly corrupt Democrats who weakened the bill so badly and the 27 who voted with the ...4 days ago -
Financial Reform Bill Passes (with No Help from the Corporate Whore All-Stars)
Firedoglake —
Authority: 717
Look for it on House lapels this winter (photo: Mike Monteiro) The Wall Street Reform and Consumer Protection Act of 2009, one of the most sweeping regulatory changes to the financial industry since the Great Depression, passed the House of Representatives today by a final vote of 223-202. On final passage, 27 ...4 days ago -
House Readies for Mortgage Vote
Truthdig: Drilling Beneath the Headlines —
Authority: 729
Homeowners facing foreclosure could get help if Congress approves a “cram-down” measure, which would give bankruptcy judges the ability to alter mortgage terms. The House of Representatives is gearing up to vote on the amendment, but it’s not likely to be an easy victory by any stretch. —KA MarketWatch: ...4 days ago -
Mortgage Cramdowns Will Hurt Consumers
The Foundry —
Authority: 743
Just as the housing market is showing definite signs that it is stabilizing after a lengthy drop in housing prices, the House of Representatives is about to vote on proposal that would destabilize it once again while also raising the cost of mortgages for future home buyers. The proposal – to be offered by Rep. ...6 days ago -
December 9, 2009
Rising in Phoenix —
Authority: 127
Meredith Whitney, The Government is out of bullets http://www.nakedcapitalism.com/2009/12/meredith-whitney-the-government-is-out-of-bullets.html From The Wall Street Journal. “Economists remain divided about the meaning of Friday’s shock drop in the headline unemployment rate to 10%. But maybe they’re ...1 week ago -
House Democrats Bring Up Mortgage Bankruptcy, Yet Again
LoanWorkout.org —
Authority: 146
House Democrats are bringing up mortgage bankruptcy and I wanted my homeowners readers to know that blah, blah, blah…blah-blah. Yes, this Washington bankruptcy flap coming from Democrats over the last two years is getting rather old folks. So old that the only word that comes out of my mouth to comment on this ...1 week ago -
Home Mortgage Cramdown: Part Deux?
Real Estate Investing For Real | A BiggerPockets Investment Property Blog —
Authority: 478
As pretty much everyone realizes by now, the Obama administration’s efforts to convince banks to modify troubled loans has been little more than window dressing. Despite the $75 billion promised to fund the program, only a fraction of the people it was intended to help have received any aid. The problem of ...1 week ago -
Obama Socialized Housing Policy: If At First You Don’t Succeed . . . Try, Try, Again
Sense on Cents —
Authority: 477
The fact that the Obama administration is reticent to release data pertaining to completed mortgage modifications speaks volumes as to the lack of success of this initiative. With almost a third of American homeowners now ‘underwater’ on their mortgages, Obama and team are sticking to their game plan to modify ...2 weeks ago
