Credit Slips
A discussion on credit and bankruptcy.
- More on the Home Mortgage Stripdown Bills…Why We Should Not Hurt People for No Gain to Anyone Else
Yesterday I posted on the topic of the essential nature of secured debt and why we should be consistent in how we treat it across the board. Today, I wanted to address some more specific points brought out in ABI... - New Twist on "Making a Federal Case Out of It"
Have you heard that expression, "Don't make a federal case out of it?" It's usually used to caution against blowing something out of proportion. Two recent decisions from federal courts in Ohio explained why the courts have an obligation to... - On the Home Mortgage Stripdown Bills…Why Perpetuate Philosophical Inconsistencies and Hurt People for No Gain?
Thank you for the opportunity to guest blog. As Bob indicated, I will blog about the stripdown of home mortgages for a couple days, take a brief hiatus and be back with you at the first of the year. Some... - Mortgage Deal Reached in House of Representatives
Newspaper reports (e.g., here from the Wall Street Journal) say that a deal has been reached in the U.S. House of Representatives to advance legislation that would give bankruptcy judges more power to adjust the payment terms of a home... - Welcome to Nathalie Martin
Credit Slips wants to welcome Professor Nathalie Martin as a guest blogger. We're going to do something a little different. She had planned to guest blog beginning January 4, updating the world on the bankrupt happenings of the Association of... - The Isolation of Debt and Other Such Things
As of today, 700 telephone interviews have been completed as part of the current round of data collection on the Consumer Bankruptcy Project. Since I am overseeing this part of the process, I have had the privilege of being one... - The Sandbag Plan
I've been struggling to understand the real point of the Administration's headline-grabbing plan to deal with subprime mortgages. Now, thanks to Bob, I've read it, and the plan seems to be nothing more than a guideline for when some lenders... - Show Us the Fine Print!
From what I've seen, I completely agree with my fellow Credit Slips blogger Elizabeth Warren's characterization of the president's subprime announcement as a "slick deal." It looks like too little with too many loopholes. Although it will help a few... - Slick Deal on Subprimes
Later today George Bush will announce his administration's plan to deal with the subprime meltdown. Instead of a change in the law, this is a voluntary deal negotiated with some large mortgage lenders and mortgage servicers. If it works, it's... - U.S. Bankruptcy Filings Up from One Year Ago But Leveling Off
The monthly filing figures through November 2007 just became available courtesy of Automated Access to Court Electronic Records (AACER). Total U.S. bankruptcy filings in November 2007 were 73,892, but the better way to think about it is that there were... - Reported Deal Reached on Mortgage Relief
The New York Times is reporting that a deal has been reached on a five-year interest-rate freeze for certain home mortgage. Details will be forthcoming, we're told. A few days ago, Credit Slips blogger Elizabeth Warren made a few comments... - S-CHIP Comes to Bankruptcy Court (Please)
A month ago, a debate raged around S-CHIP, the State Children's Health Insurance Program (see here for background from the NYT). In the end, President Bush vetoed a bill that would have expanded the program to make health insurance more...