Newsroom Headlines

  February 20, 2008 California City on the Brink of Bankruptcy The city of Vallejo , Calif. , is on the brink of becoming the first city in the state to declare bankruptcy, NBC11.com reported

  February 19, 2008 Mortgage Lending Senate Housing Stimulus Package Includes Mortgage Modification Provisions Senate Majority Leader Harry Reid (D-Nev.) estimated that the provisions of S. 2636, the

  February 15, 2008 Countrywide Agrees to Provide Documents in Bankruptcy Case of Pa. Homeowner Countrywide Financial Corp. has agreed to provide documents related to a loan issued to a Pennsylvania

  February 14, 2008 Mortgage Lending Bankers Seek to Shift Some Troubled Loan Risk to the Government The banking industry, struggling to contain the fallout from the mortgage debacle, is urgently

  February 13, 2008 Autos Delphi 's Bankruptcy Exit Hits a Snag The $6.1 billion plan to pull auto-parts supplier Delphi Corp. out of bankruptcy protection was in jeopardy yesterday as bank lenders

  February 12, 2008 Mortgage Lending Lenders Step Up Effort to Avert Foreclosures Prodded by the Bush administration, six major mortgage lenders are due to announce today a stepped-up effort to rescue

  February 11, 2008 Mortgage Lending Mortgage Brokers Starting to Feel More Heat from Congress Mortgage brokers face their biggest challenge in coming months as the Senate begins work on legislation

  February 8, 2008 Mortgage Lending Study: Bankruptcy Law Change Won’t Affect Mortgage Interest A recent study found that legislation to allow bankruptcy judges to “strip down” a secured mortgage loan

  February 7, 2008 Mortgage Lending Senate Banking Chairman Refines Mortgage Rescue Plan to Gain Support Following Republican criticism, Senate Banking Chairman Chris Dodd (D-Conn.) said yesterday

February 6, 2008 ‘Medical Bankruptcy Fairness Act’ Introduced The “Medical Bankruptcy Fairness Act of 2008,” introduced by Representative Carol Shea-Porter (D-N.H.), would increase the federal