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The Daily Docket: Freddie Balks At $1.6B Taylor Bean, BofA Deal

07/13/11

Freddie Mac is seeking to put the brakes on a recently proposed $1.6 billion settlement involving the bankruptcy estate of Taylor, Bean & Whitaker Mortgage Corp. and Bank of America over assets tangled up in the massive fraud at the disgraced mortgage lender. Read the Daily Bankruptcy Review story here.

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The Daily Docket: MLB Says Dodgers Paid Secret Fee to Hedge Fund

07/12/11

Major League Baseball says the hedge fund keeping the Los Angeles Dodgers afloat while in bankruptcy has collected a surreptitious $5.25 million fee that the lender and baseball team’s owner have intentionally withheld from the court. Read the Daily Bankruptcy Review story here.

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The Daily Docket: Omega Navigation Files for Bankruptcy

07/11/11

Shipping company Omega Navigation Inc. and nine of its subsidiaries filed for Chapter 11 bankruptcy protection in Texas Friday after failing to strike a deal with its senior lenders on an out-of-court debt restructuring. Read the Daily Bankruptcy Review story here.

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Widespread Criticism Leads to Vote to End Last Remaining Obama Housing Program

07/06/11

The Home Affordable Modification Program, HAMP, a home loan modification program to avoid foreclosure, once touted as key to helping millions of homeowners who were “underwater” due to plummeting home values, suffered a loss when the House of Representatives voted to eliminate the program, the last remaining housing program of the Obama administration. HAMP, launched [...]

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