Bankruptcy Blogs

Mortgage Modification's Amazing Result: Bank Forgives First Mortgage: Debtors' House Now Fee And Clear

04/01/12

This past week I witnessed one of the most extraordinary results  imaginable in a Chapter 13 mortgage mediation when two married homeowners were able to combine several new mortgage incentive and rebate programs to achieve the ultimate mortgage modification possible...a total and complete write off of their principal balance.  By the time all the mortgage program benefits were applied this bank agreed to strip off the homeowners’ entire first mortgage.

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Fannie and Freddie Charitable Donations?

03/30/12

I'm generally skeptical about corporate charitable donations.  My sense is that they are primarily a transfer of value from shareholders to managers, rather than a value-enhancing investment in goodwill.  So on the DC Metro, what did I see today, but a poster advertising the 2012 DC Servathon that featured the logos of a variety of corporate sponsors, including Fannie Mae and Freddie Mac.

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Real Credit Unions Shouldn't Need a Higher Biz Lending Limit

03/30/12

There is a new breed of credit union that hardly resembles the variety that first inspired the industry's tax exemption. This new breed is not satisfied making small business loans.

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Try a New Model for Branch Remodeling

03/30/12

There's an assumption is that investing in branch remodels is simply a cost of doing business. But many banks are not using three easy strategies to realize significant returns on that investment.

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The Broke and the Beautiful: Magic Edition

03/30/12

This week on The Broke and the Beautiful, the Los Angeles Dodgers have scored a new owner in basketball superstar Magic Johnson. Also, Dolby is making noise about acquiring naming rights to the former Kodak Theatre.

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Latest Stress Tests Herald New Way of Life for U.S. Banks

03/30/12

The industry, its management teams and directors have been served notice that much more will be required of them.

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Even Bankers Deserve Fair Trials

03/30/12

A lack of jail sentences for financial executives doesn't have to mean justice wasn't done.

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Welcome to Guestbloggers Bill Maurer and Stephen Rea

03/30/12

Credit Slips welcomes Bill Maurer as a guest blogger this week. Bill is NOT a lawyer! Isn't that great? (We all need an occasional break from lawyers, even those of us who are lawyers.)

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