Recent Bankruptcy? It’s Not Impossible to Obtain a Home Loan

Because the new bankruptcy laws go into effect on October 17, 2005, more Americans than ever are filing for relief using the federal bankruptcy laws ... discharge. Ironically, some those that would not previously qualify for a mortgage do qualify after ... payments. The DTI* (debt-to-income) ratio of this person is 81.25%. Since his credit score is low [more...]

Date: 2009-01-15 00:11:26

Blog posts (6) | Videos (9)
 

Text: President Bush Statement on Whitehouse Bailout Deal with U.S. Automakers | December 19, 2008

(Source: White House Press Office)   9:01 A.M. EST THE PRESIDENT: Good morning ... provisions of our bankruptcy laws — and provide federal loans to keep them operating while they try ... certainly lead to disorderly bankruptcy and liquidation for the automakers. Under ordinary economic [more...]

Date: 2008-12-19 16:46:58

So it begins with garnishment law

The first step was to pick a field and then to pick a very specific topic ... research and interpretation, bankruptcy law, multiple state jurisdictions, Federal preemption, debt ... . The field I selected was “credit card debt” contained within the general legal domain. “Credit [more...]

Date: 2009-01-06 19:07:34

What We’re Bailing Out: Citigroup Buys Spanish Highway Operator

Fresh off a big, fat federal bailout and while they’re busy lobbying Congress to rewrite bankruptcy laws so that they can get extra special treatment from bankruptcy judges Citigroup has been busy buying up companies over in Europe. Your tax dollars hard at work. MADRID, Spain—Spanish construction company Sacyr Vallehermoso said [more...]

Date: 2009-01-10 05:12:03

New York Fed Paper: Seismic Effects of the Bankruptcy Reform

Donald P. Morgan, Benjamin Iverson and Matthew Botsch of the staff of the Federal Reserve Bank of New York have published a paper titled " ... ' credit losses would be even higher at the moment if the old bankruptcy law was still in place. See also ... from credit card and auto lenders to mortgage lenders. The means test under BAR gives credit card [more...]

Date: 2009-01-12 19:22:41

U.S. Mortgage Meltdown Linked To 2005 Bankruptcy Law

From Kansas City Star There’s no shortage of blame for the mortgage crisis that drove the economy into the ditch ... by the credit card industry. So say three researchers at the Federal Reserve Bank of New York, who argue that the legislation shifted risk from credit card lenders to mortgage lenders, helping trigger [more...]

Date: 2009-01-14 05:25:41

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