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bankruptcy loan mortgage

Baltimore Sun - The home loan program was dubbed South Street. It turned the idea of credit risk on its head. Consumers just exiting bankruptcy could get a mortgage with few questions. They could have some of the lowest possible credit scores. And they didn't have ...

A lender's recipe for downfall

Guardian Unlimited - ... Henry Paulson on Wednesday voiced opposition to the idea of erasing mortgage debt in bankruptcy ... Richard Durbin, a Democrat who had backed the plan to alter bankruptcy laws, said it would provide a strong incentive for lenders to alter loan terms ...

Paulson resists calls for drastic US mortgage measures

Atlanta Journal Constitution - ... would repeal the principal-residence exception, authorizing the country's approximately 400 bankruptcy judges to begin sorting out the mortgage mess ... mortgage rates would jump significantly, going up 1 to 2 points for everyone taking out a loan.

Let bankruptcy judges step in

Bradenton Herald - This doesn't include a mortgage or perhaps a car loan. Don't be surprised if after bankruptcy you're inundated with credit offers because creditors know that you're starting with a clean slate, and they're eager to get you back into the credit world.

You can rebuild your credit after bankruptcy

CNBC - WASHINGTON - People's Choice Home Loan Inc. has filed its Chapter 11 plan, detailing how the defunct subprime mortgage lender intends to repay its creditors. People's Choice, which filed its plan with the U.S. Bankruptcy Court in Woodland Hills ...

People's Choice files plan to liquidate, repay creditors

Detroit Free Press - ... of billions of dollars in mortgage losses. The flat credit market has led Delphi's former parent, General Motors Corp., to say it is considering putting up a large portion of the loan. Delphi is seeking a two-month buffer by asking a bankruptcy judge's ...

Delphi not sure when it can leave Chapter 11 status

Miami Herald - Troubled mortgage lender Countrywide Home Loans has come under fire for its actions in bankruptcy court in South Florida. ... proceedings and improperly restructured their home loans by increasing the loan ...

Lawsuits add to Countrywide's troubles

Montana Standard - Heather DiStefano said that she and her husband can’t hack monthly mortgage ... They weren’t thinking, along with millions of others who signed onto loan ... Another good idea is letting bankruptcy judges change the terms of mortgages.

Few cheers for mortgage bailout

Raleigh News & Observer - NEW YORK - Fitch Ratings has taken the following rating actions on EMC Mortgage Loan Trust transactions: EMC Mortgage 2001-A ... include loans which had defaulted in the past and are re-performing or are performing under the provisions of a bankruptcy ...

Fitch Affirms 25 & Downgrades 20 Classes from 10 EMC Mortgage Loan ...

Herald Tribune - Bankruptcy filings up 15 percent for month The American Bankruptcy Institute, citing ... The accord between the country's two largest mortgage purchasers and New York ... Banking and savings and loan institution regulators insisted that the system ...

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