Performance parts maker Holley seeks bankruptcy protectionSeptember 30th, 2009 Holley Performance files Chap. 11 bankruptcyWILMINGTON, Del.
Prosecutors file 189 legal actions in nationwide sweep of loan modification consultantsJuly 15th, 2009 FTC, 23 states act to stop sham loan consultantsLOS ANGELES — Prosecutors nationwide filed 189 legal actions Wednesday against loan modification consultants accused of bilking homeowners who are desperate to make their mortgage payments more affordable. The lawsuits and cease-and-desist orders announced by Federal Trade Commission Chairman Jon Leibowitz and California Attorney General Edmund G.
Government foreclosure relief for 'underwater' homeowners expands to those deeper in debtJuly 1st, 2009 Gov't foreclosure help will reach more homeownersWASHINGTON — The Obama administration is expanding a program to stave off foreclosure for borrowers who owe more than their homes are worth. Housing secretary Shaun Donovan says borrowers who owe up 25 percent more than their home's market value will qualify for government help refinancing their mortgages.
Supreme Court to decide whether bankruptcy law violates lawyers' free speechJune 8th, 2009 Court to decide if bankruptcy law stifles lawyersWASHINGTON — The Supreme Court will decide whether a new bankruptcy law applies to lawyers and whether their free speech rights are violated by a ban on telling clients to incur more debt. The high court on Monday agreed to hear arguments from both a law firm and government regulators challenging a lower court ruling.
Top SC court halts thousands of foreclosure sales to give homeowners chance to modify loansMay 5th, 2009 SC court halts thousands of home foreclosure salesCOLUMBIA, S.C. — South Carolina's highest court has temporarily stopped thousands of pending foreclosure sales so homeowners can take advantage of a new federal program to refinance mortgages.
Senate defeats bid to let homeowners seek foreclosure relief in bankruptcy courtMay 1st, 2009 Senate defeats anti-foreclosure proposalWASHINGTON — The Democratic-controlled Senate on Thursday defeated a plan to spare hundreds of thousands of homeowners from foreclosure through bankruptcy, a proposal that President Barack Obama embraced but did little to see through. A dozen Democrats joined Republicans in the 45-51 vote to scuttle the measure, which Obama had said was important to saving the economy and promised to push through Congress.
Senate Roll Call: How the Senate voted on an anti-foreclosure measureMay 1st, 2009 Senate roll call on anti-foreclosure measureThe 45-51 roll call by which the Senate on Thursday defeated a measure that would have given bankruptcy judges authority to reduce the costs and terms of mortgages for homeowners threatened with foreclosure. On this vote, a "yes" vote was a vote in favor of the measure and a "no" vote was a vote against it.
Senate defeats bid that would have let homeowners seek foreclosure relief in bankruptcy courtApril 30th, 2009 Senate votes down foreclosure billWASHINGTON — The Senate has defeated legislation that would have let hundreds of thousands of debt-ridden homeowners seek mortgage relief in bankruptcy court. President Barack Obama had said the bill was important to saving the economy and promised to push for its passage.
Senate defeats bid to let homeowners seek foreclosure relief in bankruptcy courtApril 30th, 2009 Senate defeats Obama-backed, anti-foreclosure billWASHINGTON — The Democratic-controlled Senate on Thursday defeated a plan to spare hundreds of thousands of homeowners from foreclosure through bankruptcy, a bill President Barack Obama embraced but did little to see it through. A dozen Democrats joined Republicans in the 45-51 vote to scuttle the bill, which Obama had said was important to saving the economy and promised to push through Congress.
Financial groups reject Obama's plan to provide homeowners mortgage relief through bankruptcyApril 29th, 2009 Banks urge Senate to reject mortgage relief billWASHINGTON — A dozen financial groups, including the U.S. Chamber of Commerce and American Bankers Association, on Wednesday urged every member of the U.S.
Senate to sink plan that would have let homeowners reduce mortgage payments through bankruptcyApril 24th, 2009 Senate to sink mortgage relief planWASHINGTON — The centerpiece of President Barack Obama's plan to keep thousands of people from losing their homes amid the worst economic crisis in decades is headed for defeat next week in the Senate. Allowing people to seek mortgage relief in bankruptcy court is opposed by Republicans and enough Democrats to block it.
Talks on mortgage relief hit snag as credit union group rejects Senate proposalApril 23rd, 2009 Talks on mortgage relief plan hit a snagWASHINGTON — Negotiations between the banking industry and Senate Democrats on a mortgage relief plan hit a snag Wednesday after a trade association representing credit unions said it could not endorse the proposal. Officials said the rebuff by the National Association of Federal Credit Unions was disappointing, but not a deal breaker.
Talks on mortgage relief hit snag as credit union group rejects Senate proposalApril 22nd, 2009 Credit union group rejects Hill mortgage planWASHINGTON — Negotiations between the banking industry and Senate Democrats on a mortgage relief plan hit a snag Wednesday after a trade association representing credit unions said it could not endorse the proposal. Officials said the rebuff by the National Association of Federal Credit Unions was disappointing but not a deal breaker.
Talks on mortgage relief appear to break down as credit unions reject Senate proposalApril 22nd, 2009 Credit unions reject Hill plan for mortgage reliefWASHINGTON — Negotiations between the banking industry and Senate Democrats on a mortgage relief plan hit a snag Wednesday after a trade association representing credit unions said it could not endorse the proposal. The National Association of Federal Credit Unions said in a letter to Illinois Sen.
Talks on mortgage relief hit snag as credit union group rejects Senate proposalApril 22nd, 2009 Credit union group rejects mortgage relief planWASHINGTON — Negotiations between the banking industry and Senate Democrats on a mortgage relief plan hit a snag Wednesday after a trade association representing credit unions said it could not endorse the proposal. Officials said the rebuff by the National Association of Federal Credit Unions was disappointing, but not a deal breaker.
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