Bankruptcy Blogs

Foreclosure Crisis Year Six

09/28/12

While industry and government news releases emphasize the
declining rates of delinquency and foreclosure, the declines remain agonizingly
slow.  Yes, serious defaults on
mortgages are down from their peak in 2010.  On the other hand, there have been 4.5 million completed
foreclosure sales since 2007 and there are still between 4 and 5 million
mortgages delinquent

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Did Scott Brown Facilitate Predatory Loans?

09/27/12

There's no question that we at the Slips take a particular interest in the Massachusetts Senate race. But usually we don't have much to say about it. Still, something Scott Brown said today struck me as rather significant--much more so than a lot of the things that have been covered in the media about the Senate race. 

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Replace Libor with FHLB Discount Note Index

09/27/12

The market for discount notes of the Federal Home Loan Banks represents an adequate Libor replacement since, in addition to meeting other criteria, yields on its securities are the result of actual arm's length transactions with some 80 approved debt underwriters worldwide.

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UMWA Turns Out the Grassroots Troops in Patriot’s Chapter 11

09/27/12
Bob Wojcieszak/Charleston (W.Va.) Daily Mail
United Mine Workers members, retirees, spouses and widows march to the federal courthouse on Virginia Street in Charleston, W.Va.,
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FHFA's State-Level Guarantee Fee Plan Sets a Bad Precedent

09/27/12

By proposing to design regulations intended to shape state laws and practices, the FHFA is picking a fight with the states that will overshadow any economic benefit from risk-based pricing.

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(Pronounced Chap-ter Eye-le-ven)

09/27/12

By Stephanie Gleason and Patrick Fitzgerald

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It's Time to Challenge Conventional Regulatory Wisdom

09/27/12

Even those who don't agree with all five policy initiatives outlined in Andrew Haldane's "The Dog and the Frisbee" should embrace the underlying theme: It is never too late to rethink basic problems and policy prescriptions, and achieve better economic outcomes.

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Let's Use 'The Dog and the Frisbee' as Catalyst for Regulatory Debate

09/27/12

Even those who don't agree with all five policy initiatives outlined in Andrew Haldane's paper should embrace the underlying theme: It is never too late to rethink basic problems and policy prescriptions, and achieve better economic outcomes.

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High-Frequency Unhinged, Lending Sorta Rebounds, Mortgage Manipulator Nabbed

09/27/12

Receiving Wide Coverage ...

SEC to the Rescue: If awards were handed out for Most Reliable Lagging Indicator in U.S. financial markets, the Securities and Exchange Commission, sad to say, would likely walk away with the gold. (Such are the vagaries of overseeing financial markets with a revolving-door staff and politically polarized Commission.) Now, in the wake of the flash crash, Knight Capital Group's near suicide and the Nasdaq-Facebook IPO flub, comes word that the SEC...

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