Blog Posts in January, 2009

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  • Credit Suise Study: Bankruptcy Mortgage Modification Bill will cut foreclosures 20 percent
    Credit Suise Study: Bankruptcy Mortgage Modification Bill will cut foreclosures 20 percent

    Credit Suisse came out with a new study finding that if the mortgage modification in bankruptcy bill passes, it would cut foreclosures by 20%. WASHINGTON (Reuters) – A plan to let bankruptcy judges ...

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  • JP Morgan Chase Analysts Admit Mortgage Modification Bill a “Necessary Evil”
    JP Morgan Chase Analysts Admit Mortgage Modification Bill a “Necessary Evil”

    In this article, JP Morgan Chase analysts admitted that the proposed bankruptcy legislation would stabilize home values through decreased foreclosures. However, the bill may be “a necessary evil,” ...

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  • Citigroup’s Letter
    Citigroup’s Letter

    This is a link to the letter sent by Citigroup stating that they will support the Helping Families Save Their Homes in Bankruptcy Act of 2009. The letter states that with three modifications, ...

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  • Citi Backs Bill to Allow Mortgage Modification in Chapter 13
    Citi Backs Bill to Allow Mortgage Modification in Chapter 13

    Financial titan Citigroup, Inc. agreed to support a bill that would allow mortgages on personal residences to be modified in Chapter 13. Citigroup is one of the most influential banks in the United ...

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