Roughly $25 billion in relief for distressed borrowers, states and federal government.After many months of negotiation, 49 state attorneys general and the federal government have reached agreement on a historic joint state-federal settlement with the country’s five largest loan servicers: Ally/GMAC Bank of America Citi JPMorgan Chase Wells FargoThe settlement will provide as much as $25 billion in relief to distressed borrowers and direct payments to states and the federal go... Continue reading ...
Today I was reading the current legislative bills being considered by the 112th Congress. Among them is H.R.1981 - Latest Title: Protecting Children From Internet Pornographers Act of 2011 (Sponsor: Rep Smith, Lamar [TX-21] (introduced 5/25/2011) Cosponsors (39)Related Bills: S.596, S.1308 Latest Major Action: 12/16/2011 Placed on the Union Calendar, Calendar No. 224. House Reports: 112-281 Part 1 SUMMARY AS OF:5/25/2011--Introduced.)In reading the summary the following is stated: "Pr... Continue reading ...
Well, some interesting news was published today in the New York Times.
The Associated Press reported that The Obama administration will expand its signature foreclosure-prevention program to try to help those with heavy debt loads avoid losing their homes.
The Home Affordable Modification Program will also be extended through 2013.
The government will triple the financial incentives for private lenders to reduce the principal amount of mortgages for homeowners at risk of losing their homes. And ... Continue reading ...
Posted by Michele A Peters on Monday, November 14, 2011,
Hello and thank you for visiting our new blog. Our hope is that you will visit here often for it will be a place where we will comment about new legal decisions; events in the news; and just generally - life as we live it.Your comments are always welcomed to help us make these postings meaningful and instructive.
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