Credit Slips
A discussion on credit and bankruptcy.
- Did the 2005 Law Make for More Chapter 13s?
In my last post, I discussed whether the chapter 13 rate in different states told us much about the mortgage crisis. Short answer: not really. The problem is the assembling the time it would take to assemble the statewide chapter... - Does the Chapter 13 Filing Rate Tell Us Anything About Mortgage Foreclosures?
A few days ago, I had the bright idea of looking at the chapter 13 filing rate in the different states and seeing if that told us anything about what might be happening with home mortgage foreclosures. Generally speaking, homeowners... - Best Wishes for the New Year
On behalf of the Credit Slips crew, I wanted to wish all of our readers best wishes for the new year. Our blogging has been a little light the past week, but we'll pick it back up after the holidays.... - Hidden Pricing
Credit Slips contributor Adam Levitin has an op-ed this morning in the Chicago Tribune that makes a terrific point: Complex credit card pricing prevents consumers from knowing the true cost of credit and, as a result, prevents the invisible hand... - Buce Is the World
Our correspondent, Buce over at Underbelly, wonders exactly how does one say "adjustable-rate mortgage" in Czech. Don't kid yourself that consumer indebtedness is uniquely American. On a different note, Buce also describes the similarities he sees between today's mortgage crisis... - Projecting the Past
The sloppy drafting of the 2005 bankruptcy amendments created a large number of ambiguous statutory provisions. Among them is section 1325(b)(1)(B) says that a debtor has to devote all of his or her "projected disposable income" to payment under a... - Spam Filter Trapping Comments
We've heard from a number of readers that our blog hosting service's comment-blocking software--er, I mean spam filter has been blocking legitimate comments. This seems to be a universal problem with Typepad blogs that they claim to have fixed, see... - Home Mortgage Crunch: Is it Better to Have Loved and Lost?
There is SO MUCH interesting on this site and in the TPM Cafe's posts today...not sure this stripdown thing is at the forefront of people's concerns, but....here are two more thoughts, relating to the economics of home mortgage stripdown and... - Oh! The efficiency of the current U.S. health care system
I know that the most recent posts have focused on the mortgage fiasco, but I'd like to insert a quick thought on health care/medical issues. I'll begin by laying my cards on the table---I am a strong proponent of a... - Live Blog Conversation on Mortgage/Bankruptcy Amendments
This morning, beginning at 10:00 AM 11:00 AM EST (in the U.S.), there will be a live blog discussion over at TPM Cafe's Warren Reports on the Middle Class. This discussion will feature Congressman Brad Miller and Credit Slips own... - Bankruptcy Blasphemy: (Continued) Embarrassment for the Wall Street Journal
Most days, I enjoy reading the Wall Street Journal. But I may have to cancel my subscription if the editors continue to miseducate the public and embarrass themselves about the pending legislation to allow for the modification of home mortgages... - Equal Footings
Professor Mark Scarberry of Pepperdine University posted a comment taking issue with my statement that the proposed mortgage stripdown bills would do nothing more than put home mortgage lenders on an "equal footing" with other secured lenders in chapter 13....