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Analysis: Mortgages Issued in 2007 Entering
Delinquency at a Rapid Pace
Mortgages issued in the first part of 2007 are going bad at a pace that
far outstrips the 2006 vintage, suggesting that the blow to the
financial system from U.S. housing woes will be deeper than many experts
had earlier estimated... Read More
Connecticut Files Suit Against Countrywide over Lending
Practices
Connecticut Attorney General Richard Blumenthal has sued Bank of America
Corp.'s Countrywide Financial Corp. for allegedly deceptive lending
practices... Read
More
Arizona
Bankruptcies Doubled in July
Filings in Arizona doubled to 1,782 in July, with chapter 7
bankruptcies accounting for most of the filings, the Arizona Republic
reported today. Consumer bankruptcies in the Phoenix area more than
doubled to 1,251 last month compared with July 2007... Read More
Citigroup to Buy Back Auction-Rate Securities
Citigroup was nearing an agreement late yesterday to buy back more than
$7 billion of auction-rate securities from investors to settle claims
that it misled clients about the dangers of the investments... Read
More
Lake at Las Vegas Gets $147 Million DIP
Financing
Lake at Las Vegas Joint Venture LLC, the developer of a residential and
vacation complex that filed for chapter 11 protection in July, secured
approval on Monday to enter into a $147 million debtor-in-possession
(DIP) financing agreement with Credit Suisse Securities... Read
More
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16th Annual Southwest
Bankruptcy Conference
September 4-6, 2008
Las Vegas, Nevada
Complex Financial
Restructuring Program
September 4-5, 2008
Las Vegas, Nevada
Bankruptcy 2008: Views
from the Bench
September 12, 2008
Washington, D.C.
28th Annual Midwestern
Bankruptcy Institute & Consumer Forum
Kansas City, Missouri
October 3, 2008
Chicago Consumer
Bankruptcy Conference
Chicago, Illinois
October 13, 2008
International Insolvency
Symposium
Frankfurt, Germany
October 31, 2008
Detroit Consumer
Bankruptcy Conference
Troy, Michigan
November 11, 2008
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110th Congress
S.
3287 To amend the Truth in Lending Act to establish a national
usury rate for consumer credit transactions.
S.
3259, To amend title 11, United States Code, with respect to the
priority of certain high cost credit debts.
P.L.
110-162To designate the United States bankruptcy courthouse located
at 271 Cadman Plaza East in Brooklyn, New -ork, as the `Conrad B.
Duberstein United States Bankruptcy Courthouse'
H.R.
3010, To amend chapter 1 of title 9 of United States Code with
respect to arbitration.
H.R.
4044, To amend the Bankruptcy Abuse Prevention and Consumer
Protection Act of 2005 to exempt from the means test in bankruptcy
cases, for a limited period, qualifying reserve-component members who,
after September 11, 2001, are called to active duty or to perform a
homeland defense activity for not less than 60 days.
H.R.
5830, To create a voluntary FHA program that provides mortgage
refinancing assistance to allow families to stay in their homes, protect
neighborhoods, and help stabilize the housing market.
H.R.
5679, To amend the Real Estate Settlement Procedures Act of 1974 to
require mortgagees for mortgages in default to engage in reasonable loss
mitigation activities.
H.R.
3221, A bill to provide needed housing reform and for other
purposes. (Senate housing stimulus package).
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