The Federal government is now paying attention as freezing rates on Adjustable Rate Mortgages is pushed as an option by Treasury Secretary Paulson.
In remarks, a full transcript is linked to above, yesterday, Paulson acknowledged the difficulty of getting all the players on the mortgage side on the same page, [...]

In recent weeks, I have seen two cases of mortgage companies actually reducing balances and changing ARMs to a fixed rate.
One was a month after the foreclosure sale at which the mortgage company got the house back, subject to Michigan’s six month redemption period.
Like the no holds barred lending [...]

Senator Dodd, presidential candidate, has several proposals for reforming bankruptcy law.
Making student loans dischargeable in Chapter 7 bankruptcy would be a big change over current law.
Allowing Judges in Chapter 13 cases to change interest rates and lower the balance due on a mortgage has been introduced in the House, and is [...]

     The Federal government is attempting to force mortgage companies to change the terms of  Adjustable Rate Mortgages.
With the 2.3 million sub-prime ARMs coming off the teaser rate by the end of 2008, increasing many mortgage payments by hundreds of dollars per month, the crisis grows and grows.
This will lead to an estimated million plus [...]

Another newspaper endorses the proposed changes to Chapter 13 bankruptcy law.
The sub-prime crisis continues to build, as anticipated by many posts on this blog. As hundreds of thousands of adjustable rate mortgages adjust up to monthly payments the homeowner cannot afford, declining values having foreclosed the option of re-financing [...]

Chase has decided to help the little guy and cease raising interest rates when the cardholder’s credit score declines. More on this new development was also reported on our sister site, Credit Law Network.
This lovely predatory practice allowed Chase to impose penalty interest rates on card holders who had never been late, were under [...]

     A mortgage company owns your mortgage, that is, lent you the money to buy your home. But you send your payments to a mortgage loan servicer, usually at a P. O. Box out of your state.
That address is a lock box operation. That is, people are paid to open the envelope with [...]

Legislation has been introduced to regulate the mortgage broker business, responsible for much of the predatory lending and sub-prime mortgage crisis which continues to rollick the financial markets.
That big government cure, regulation, is back. Not my favorite, tends to give the false impression that someone with a license is [...]

   There is pending legislation to change Chapter 13 to allow consumers to re-write their mortgages to lower the mortgage value to the value of the home, and change the interest rate.
If other mortgage companies follow  Countrywide and offer to change the terms of the ARMs whose adjustments are adding to the tidal wave of [...]

Detroit Chapter 13 Trustees and the Flint Chapter 13 Trustee and their respective web sites are listed below.
If you are in Chapter 13, these are the people who handle your money.
You can find out on their websites, how to access up to date financial information on your Chapter 13 bankruptcy case at this site: [...]