Distress

Proper documentation of the loans was never made

Wednesday lunch time , July 22, 2009.

From a milestone article in the NYT,

Stated simply, the notes that underlie…

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Loan Modification Alert!

Tuesday early evening , July 21, 2009.

I just ran into a startling livinglies post.

I knew there was something…

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National Usury Cap defeated. Grassley, the Lonely Republican to Vote Favorably

Thursday mid-afternoon , May 14, 2009.

Multiple readers wrote to the New York Times in the wake of Wednesday afternoon’s vote asking…

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Grim Reality for Loan Modifications

Monday evening , April 20, 2009.

Banks, loan servicers, debt settlement and loan modifying agencies…

You can’t hammer a wooden stick through…

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Banking Committee passes Credit Card Act

Tuesday early evening , March 31, 2009.

Banking Committee Passes Dodd’s Sweeping S414 Legislation to Reform Credit Card Industry in a narrow 12-11…

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Cobra Health Insurance Subsidy for laid off workers

Friday early afternoon , March 20, 2009.

Good news!

The Department of Labor launched yesterday a new assistance program.…

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Credit card default tsunami

Tuesday late morning , March 17, 2009.

Banks are at it again, tightening credit limits, raising standards, and closing accounts. They have also…

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House approves Mortgage Cramdown bill

Thursday late evening , March 5, 2009.

Update: This bill was defeated in the Senate.

Great news! The House approved today the more...

House may approve Cramdown Bill as early as March 5

Wednesday late morning , March 4, 2009.

Update: This bill was defeated in the Senate.

Great news! The House approved today, March 5,…

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How can I benefit from the Obama stimulus bill?

Friday mid-morning , February 27, 2009.

Updated: March 5.

Great news! The House approved today the cramdown bill in a 234 -…

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What’s wrong with the economy?

Thursday late afternoon , January 15, 2009.

Its been 30 long years since chairman Deng Xiaoping decided to open China’s economy to the…

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