Senators compromise to allow bankruptcy judges alter subprime loans

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Front Page News Discuss Senators compromise to allow bankruptcy judges alter subprime loans in the InfiniteCredit Community Central forums; A bipartisan compromise bill in the U.S. Senate (S.2636), which closely aligns with a similar House bill, would allow bankruptcy courts to modify existing subprime mortgages to help families save ...

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02-29-2008, 10:00 AM	#1
Repair Bad Credit Elite Member Join Date: Aug 2006 Posts: 1,861 Casino Cash: $300000	Senators compromise to allow bankruptcy judges alter subprime loans A bipartisan compromise bill in the U.S. Senate (S.2636), which closely aligns with a similar House bill, would allow bankruptcy courts to modify existing subprime mortgages to help families save their homes from foreclosure. Under the terms of the Foreclosure Prevention Act, a borrower can qualify only if it can be proven that he or she [...] More...

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