The Foreclosure Blog

Judicial Power on Mortgages Is Rejected in a Senate Vote
New York Times, United States

By STEPHEN LABATON WASHINGTON — The Senate handed a victory to the banking industry on Thursday, defeating a Democratic proposal that would have given homeowners in financial trouble greater flexibility to renegotiate the terms of their mortgages. …
Senate likely to kill mortgage 'cram-down' bill today Los Angeles Times
US Senate rejects easing mortgages in bankruptcy Reuters
Senate Defeats Mortgage ‘Cram-Down' as Democrats Balk Bloomberg
The Associated Press - Bloomberg
all 510 news articles

Treasurys Ignore Chrysler, But Yields Set Fresh Yr Highs
Wall Street Journal - Emily Barrett

Instead, the Fed simply reaffirmed its plan to buy up to $300 billion of Treasurys by autumn, along with $200 billion of agency debt by the year end, and $1.25 billion of agency mortgage-backed securities. The sell-off that ensued, and the resulting …
About this author: Seeking Alpha
Repo Failure Remedy Drives Away Bond Short-Sellers Bloomberg
Treasurys fall on economic hope, govt purchases MarketWatch
New York RealEstateRama - Wall Street Journal
all 35 news articles

Mortgage Bill Fails in Senate
Wall Street Journal

By JESSICA HOLZER WASHINGTON — A measure to allow bankruptcy judges to rework the mortgages of strapped homeowners failed in the Senate on Thursday, clouding its chances of becoming law. The defeat is a setback for the administration of President …
Senate likely to kill mortgage 'cram-down' bill today Los Angeles Times
US Senate rejects easing mortgages in bankruptcy Reuters
Senate Defeats Mortgage ‘Cram-Down' as Democrats Balk Bloomberg
The Associated Press - MinnPost.com
all 463 news articles