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RI Sen. Reed introduces Preserving Homes and Communities Act of 2009
In an effort to curb record-high foreclosure rates across the country and stabilize the housing market, U.S. Sen. Jack Reed has introduced legislation that will help keep families in their homes and...
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Sen. Dodd and Banking Committee Democrats unveil proposed Agency for...
Senate Banking Committee Chairman Chris Dodd (D-CT) was joined by fellow committee members Jack Reed (D-RI), Charles E.Click to continue
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NAMB Call to Action: Are you willing to originate for nothing?
Today, the United States Senate will vote on an amendment offered by Sens. Jeff Merkley (D-OR) and Amy Klobuchar (D-MN) to S. 3217, the “Restoring American Financial Stability Act of 2010,” that, if...
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Oregon Sen. Merkley Calls for Investigation into GMAC/Ally Financial for...
Following the news that Ally Financial improperly handled foreclosure documents and decisions by several of the largest mortgage servicers to freeze foreclosures, Oregon Sen. Jeff Merkley sent a letter...
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Sen. Merkley's Proposal Seeks to Bring Back First Time Homebuyer Tax Credits,...
Oregon Sen. Jeff Merkley has written a letter to President Barack Obama urging a greater focus on helping families stay in their homes and avoid foreclosure. In the letter, Merkley stressed that a...
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Bankruptcy Organization Seeks Greater Role for Courts in Foreclosure Prevention
An analysis in the March issue of the ABI Journal found that several bankruptcy courts are dealing with the foreclosure crisis through the adoption of loss mitigation programs (LMPs). As Congress...
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Bipartisan Group of U.S. Senators Continues to Push Great Accessibility of...
United States Senators Barbara Boxer (D-CA) and Johnny Isakson (R-GA) joined eight of their colleagues in urging the Obama Administration to ensure that the greatest number of borrowers possible are...
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Oregon Sen. Merkley Announces Plan to Assist Underwater Homeowners
Oregon Sen. Jeff Merkley has offered a new plan to tackle underwater mortgages. In a white paper containing the proposal, called “The 4% Mortgage: Rebuilding American Homeownership,” Sen. Merkley lays...
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Medical Debt Responsibility Act Enters Critical Phase–Help Support a Crucial...
The Medical Debt Responsibility Act, federal legislation HR 2086 and S 2149, is entering a critical phase as the calendar of the 112th Congress is running short. This proposed change in the law would...
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