Morning Scan: Supreme Court Sides with B of A; Can Bank Reports Rebu...

06/02/15

Receiving Wide Coverage ... Stuck with Second Mortgages: The Supreme Court sided with banks Monday by ruling homeowners cannot void second mortgages in bankruptcy even if their homes are underwater. The unanimous decision in favor of Bank of America leaves struggling homeowners with even fewer options, according to New York Times columnist Stephen Lubben. But he suggests banks may eventually have to provide relief to underwater borrowers "if they ever want to move on. After all,Â...

[more]