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	<title>WWR Bankruptcy &#62; Your Bankruptcy News &#38; Information Source &#187; loan modifications</title>
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	<link>http://wwrbankruptcy.com</link>
	<description>WW&#38;R Bankruptcy practice group of Weltman, Weinberg &#38; Reis, the nation&#039;s largest creditor&#039;s rights law firm, is your source for bankruptcy news and information. We are committed to helping clients thrive in these ever changing times.</description>
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		<title>Not Gone and Not Forgotten: Bankruptcy Reform and Cram Down</title>
		<link>http://wwrbankruptcy.com/2009/08/26/not-gone-and-not-forgotten-bankruptcy-reform-and-cram-down/</link>
		<comments>http://wwrbankruptcy.com/2009/08/26/not-gone-and-not-forgotten-bankruptcy-reform-and-cram-down/#comments</comments>
		<pubDate>Wed, 26 Aug 2009 13:00:27 +0000</pubDate>
		<dc:creator>Alan Hochheiser</dc:creator>
				<category><![CDATA[Bankruptcy Act 2009]]></category>
		<category><![CDATA[Real Estate]]></category>
		<category><![CDATA[bankruptcy]]></category>
		<category><![CDATA[Barney Frank]]></category>
		<category><![CDATA[cram down]]></category>
		<category><![CDATA[foreclosure crisis]]></category>
		<category><![CDATA[John Rao]]></category>
		<category><![CDATA[loan modifications]]></category>
		<category><![CDATA[National Consumer Law Center]]></category>
		<category><![CDATA[Susan Bodington]]></category>

		<guid isPermaLink="false">http://wwrbankruptcy.com/?p=238</guid>
		<description><![CDATA[Last month, House Financial Services Committee Chairman Barney Frank (MA- D) indicated that he would revive the bankruptcy legislation that would allow debtors to cram down first mortgages.  Specifically, if the banks did not increase their efforts to modify existing home loans, Franks stated that he would revisit the bankruptcy cram down legislation.  Not only [...]]]></description>
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		<slash:comments>0</slash:comments>
		</item>
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		<title>Unintended Consequences: Bankruptcy Cram Down May Actually Case Decrease in Bankruptcy Filings</title>
		<link>http://wwrbankruptcy.com/2009/04/08/unintended-consequences-bankruptcy-cram-down-may-actually-case-decrease-in-bankruptcy-filings/</link>
		<comments>http://wwrbankruptcy.com/2009/04/08/unintended-consequences-bankruptcy-cram-down-may-actually-case-decrease-in-bankruptcy-filings/#comments</comments>
		<pubDate>Wed, 08 Apr 2009 20:12:14 +0000</pubDate>
		<dc:creator>Scott Fink</dc:creator>
				<category><![CDATA[Bankruptcy Act 2009]]></category>
		<category><![CDATA[Chapter 13]]></category>
		<category><![CDATA[Real Estate]]></category>
		<category><![CDATA[Add new tag]]></category>
		<category><![CDATA[bankruptcy]]></category>
		<category><![CDATA[collateral]]></category>
		<category><![CDATA[cram down]]></category>
		<category><![CDATA[foreclosure]]></category>
		<category><![CDATA[loan modifications]]></category>
		<category><![CDATA[modification]]></category>
		<category><![CDATA[residential mortgage]]></category>

		<guid isPermaLink="false">http://wwrbankruptcy.com/?p=191</guid>
		<description><![CDATA[With the proposed amendments to the Bankruptcy Code placed on temporary hold by Congress until at least late April, it seems appropriate to take a step back and examine the possible unintended consequences of the passage of such a law. While providing troubled borrowers with an effective tool to rework their mortgage terms under the [...]]]></description>
		<wfw:commentRss>http://wwrbankruptcy.com/2009/04/08/unintended-consequences-bankruptcy-cram-down-may-actually-case-decrease-in-bankruptcy-filings/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
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		<title>&#8220;Cram-Down&#8221; Provision May Be Dropped from House-Passed Banking Bill</title>
		<link>http://wwrbankruptcy.com/2009/04/06/cram-down-provision-may-be-dropped-from-house-passed-banking-bill/</link>
		<comments>http://wwrbankruptcy.com/2009/04/06/cram-down-provision-may-be-dropped-from-house-passed-banking-bill/#comments</comments>
		<pubDate>Mon, 06 Apr 2009 19:44:43 +0000</pubDate>
		<dc:creator>David Yunghans</dc:creator>
				<category><![CDATA[Bankruptcy Act 2009]]></category>
		<category><![CDATA[Chapter 13]]></category>
		<category><![CDATA[Real Estate]]></category>
		<category><![CDATA[Arlen Specter]]></category>
		<category><![CDATA[cram down]]></category>
		<category><![CDATA[Evan Bayh]]></category>
		<category><![CDATA[Harry Reid]]></category>
		<category><![CDATA[lender incentives]]></category>
		<category><![CDATA[loan modifications]]></category>
		<category><![CDATA[residential mortgage]]></category>
		<category><![CDATA[servicer incentives]]></category>
		<category><![CDATA[subprime loans]]></category>

		<guid isPermaLink="false">http://wwrbankruptcy.com/?p=189</guid>
		<description><![CDATA[Congressional Leaders may drop the “Cram-Down” provision if it threatens the passage of the overall banking bill.  Recently, at a Christian Science Monitor Breakfast, Senate Majority Leader Harry Reid stated, “If we can’t get the votes for that, and I am hopeful we can – I am semiconfident we can – then what I’ll do [...]]]></description>
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		<slash:comments>0</slash:comments>
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		<title>&#8220;Cramdown&#8221; Bill Put On Hold To Avoid Possible Filibuster</title>
		<link>http://wwrbankruptcy.com/2009/03/19/cramdown-bill-put-on-hold-to-avoid-possible-filibuster/</link>
		<comments>http://wwrbankruptcy.com/2009/03/19/cramdown-bill-put-on-hold-to-avoid-possible-filibuster/#comments</comments>
		<pubDate>Thu, 19 Mar 2009 12:13:08 +0000</pubDate>
		<dc:creator>David Yunghans</dc:creator>
				<category><![CDATA[Bankruptcy Act 2009]]></category>
		<category><![CDATA[Chapter 13]]></category>
		<category><![CDATA[Real Estate]]></category>
		<category><![CDATA[Arlen Specter]]></category>
		<category><![CDATA[cram down]]></category>
		<category><![CDATA[Evan Bayh]]></category>
		<category><![CDATA[Harry Reid]]></category>
		<category><![CDATA[Henry Reid]]></category>
		<category><![CDATA[loan extension provision]]></category>
		<category><![CDATA[loan modifications]]></category>
		<category><![CDATA[residential mortgage]]></category>

		<guid isPermaLink="false">http://wwrbankruptcy.com/?p=178</guid>
		<description><![CDATA[Sen. Evan Bayh (D-Ind.) stated that currently there is not enough support to prevent a filibuster, or “talking out a bill”, of the proposed legislation, which would allow mortgages to be restructured through a Chapter 13 filing.  Currently, the legislation proposes to: 1) modify the principal of a mortgage to the fair market value of [...]]]></description>
		<wfw:commentRss>http://wwrbankruptcy.com/2009/03/19/cramdown-bill-put-on-hold-to-avoid-possible-filibuster/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>In Attempting To Limit Certain Mortgage Modification Bankruptcies, House Bill Has Loopholes</title>
		<link>http://wwrbankruptcy.com/2009/03/13/in-attempting-to-limit-certain-mortgage-modification-bankruptcies-house-bill-has-loopholes/</link>
		<comments>http://wwrbankruptcy.com/2009/03/13/in-attempting-to-limit-certain-mortgage-modification-bankruptcies-house-bill-has-loopholes/#comments</comments>
		<pubDate>Fri, 13 Mar 2009 19:40:03 +0000</pubDate>
		<dc:creator>Monette Cope</dc:creator>
				<category><![CDATA[Bankruptcy Act 2009]]></category>
		<category><![CDATA[Chapter 13]]></category>
		<category><![CDATA[Real Estate]]></category>
		<category><![CDATA[foreclosure]]></category>
		<category><![CDATA[lender incentives]]></category>
		<category><![CDATA[loan modifications]]></category>
		<category><![CDATA[residential mortgage]]></category>
		<category><![CDATA[Tags: bankruptcy]]></category>

		<guid isPermaLink="false">http://wwrbankruptcy.com/?p=173</guid>
		<description><![CDATA[H.B. 1106 attempts to limit the mortgages that may be ìcrammed downî or otherwise modified. It permits modifications only on loans that were originated before the billís enactment.  A case may not be reopened to modify a mortgage.  These are substantial (however, debtors are not prevented from filing a new case). Several provisions are designed [...]]]></description>
		<wfw:commentRss>http://wwrbankruptcy.com/2009/03/13/in-attempting-to-limit-certain-mortgage-modification-bankruptcies-house-bill-has-loopholes/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Ohio House Bill Proposes Mortgage &#8220;Cram Down&#8221; Without Filing Bankruptcy</title>
		<link>http://wwrbankruptcy.com/2009/03/11/ohio-house-bill-proposes-mortgage-cram-down-without-filing-bankruptcy/</link>
		<comments>http://wwrbankruptcy.com/2009/03/11/ohio-house-bill-proposes-mortgage-cram-down-without-filing-bankruptcy/#comments</comments>
		<pubDate>Wed, 11 Mar 2009 13:00:29 +0000</pubDate>
		<dc:creator>David Yunghans</dc:creator>
				<category><![CDATA[Bankruptcy Act 2009]]></category>
		<category><![CDATA[Chapter 13]]></category>
		<category><![CDATA[Real Estate]]></category>
		<category><![CDATA[bankruptcy]]></category>
		<category><![CDATA[cram down]]></category>
		<category><![CDATA[Denise Driehaus]]></category>
		<category><![CDATA[foreclosure]]></category>
		<category><![CDATA[House Bill 3]]></category>
		<category><![CDATA[lender incentives]]></category>
		<category><![CDATA[loan modifications]]></category>
		<category><![CDATA[Mike Foley]]></category>
		<category><![CDATA[residential mortgage]]></category>

		<guid isPermaLink="false">http://wwrbankruptcy.com/?p=164</guid>
		<description><![CDATA[Currently Congress is hammering out the details of a law that will change the Bankruptcy Code and grant bankruptcy judges the authority to cram down mortgage loans to the current market value of the real property and modify interest rates.  On February 17, 2009 Ohio representatives Mike Foley and Denise Driehaus introduced Ohio House Bill [...]]]></description>
		<wfw:commentRss>http://wwrbankruptcy.com/2009/03/11/ohio-house-bill-proposes-mortgage-cram-down-without-filing-bankruptcy/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Mortgage Cram Downs in Bankruptcy: Congress Creating More Questions Than Answers</title>
		<link>http://wwrbankruptcy.com/2009/03/09/mortgage-cram-downs-in-bankruptcy-congress-creating-more-questions-than-answers/</link>
		<comments>http://wwrbankruptcy.com/2009/03/09/mortgage-cram-downs-in-bankruptcy-congress-creating-more-questions-than-answers/#comments</comments>
		<pubDate>Mon, 09 Mar 2009 14:56:07 +0000</pubDate>
		<dc:creator>Scott Fink</dc:creator>
				<category><![CDATA[Bankruptcy Act 2009]]></category>
		<category><![CDATA[Chapter 13]]></category>
		<category><![CDATA[Real Estate]]></category>
		<category><![CDATA[bankruptcy]]></category>
		<category><![CDATA[cram down]]></category>
		<category><![CDATA[loan modifications]]></category>
		<category><![CDATA[residential mortgage]]></category>

		<guid isPermaLink="false">http://wwrbankruptcy.com/?p=160</guid>
		<description><![CDATA[As proposed legislation winds its way through Congress, it would appear to be inevitable that mortgage lenders can expect to see a viable law within the next 90 days that will dramatically alter the manner in which mortgage loans are treated in bankruptcy.  While attempting to amend the Bankruptcy Code to enable borrowers to reduce [...]]]></description>
		<wfw:commentRss>http://wwrbankruptcy.com/2009/03/09/mortgage-cram-downs-in-bankruptcy-congress-creating-more-questions-than-answers/feed/</wfw:commentRss>
		<slash:comments>1</slash:comments>
		</item>
		<item>
		<title>Stretching Out the Loan Term: Will Lenders Be Stuck with New Terms Forever?</title>
		<link>http://wwrbankruptcy.com/2009/03/05/stretching-out-the-loan-term-will-lenders-be-stuck-with-new-terms-forever/</link>
		<comments>http://wwrbankruptcy.com/2009/03/05/stretching-out-the-loan-term-will-lenders-be-stuck-with-new-terms-forever/#comments</comments>
		<pubDate>Thu, 05 Mar 2009 17:30:04 +0000</pubDate>
		<dc:creator>Scott Fink</dc:creator>
				<category><![CDATA[Bankruptcy Act 2009]]></category>
		<category><![CDATA[Chapter 13]]></category>
		<category><![CDATA[Real Estate]]></category>
		<category><![CDATA[amendment]]></category>
		<category><![CDATA[assess risk]]></category>
		<category><![CDATA[bankruptcy]]></category>
		<category><![CDATA[loan extension provision]]></category>
		<category><![CDATA[loan modifications]]></category>
		<category><![CDATA[modified terms]]></category>
		<category><![CDATA[refinancing]]></category>
		<category><![CDATA[repayment]]></category>
		<category><![CDATA[residential mortgage]]></category>

		<guid isPermaLink="false">http://wwrbankruptcy.com/?p=153</guid>
		<description><![CDATA[One of the key components of the “Helping Families Save Their Homes in Bankruptcy Act of 2009”, currently pending in Congress, is a provision allowing a borrower to extend the repayment period on their mortgage loan for up to 40 years.  While such a provision appears straightforward at first glance, Congress to date has failed [...]]]></description>
		<wfw:commentRss>http://wwrbankruptcy.com/2009/03/05/stretching-out-the-loan-term-will-lenders-be-stuck-with-new-terms-forever/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Spike in Chapter 13 Filings Expected Upon Passage of Bankruptcy Law Amendments</title>
		<link>http://wwrbankruptcy.com/2009/03/02/spike-in-chapter-13-filings-expected-upon-passage-of-bankruptcy-law-amendments/</link>
		<comments>http://wwrbankruptcy.com/2009/03/02/spike-in-chapter-13-filings-expected-upon-passage-of-bankruptcy-law-amendments/#comments</comments>
		<pubDate>Mon, 02 Mar 2009 15:00:36 +0000</pubDate>
		<dc:creator>Scott Fink</dc:creator>
				<category><![CDATA[Bankruptcy Act 2009]]></category>
		<category><![CDATA[Chapter 13]]></category>
		<category><![CDATA[bankruptcy]]></category>
		<category><![CDATA[collateral]]></category>
		<category><![CDATA[cram down]]></category>
		<category><![CDATA[loan modifications]]></category>
		<category><![CDATA[Real Estate]]></category>
		<category><![CDATA[residential mortgage]]></category>

		<guid isPermaLink="false">http://wwrbankruptcy.com/?p=150</guid>
		<description><![CDATA[Recent anecdotal evidence suggests that creditors should expect to see a substantial increase in new Chapter 13 filings subsequent to passage of the “Helping Families Save Their Homes in Bankruptcy Act of 2009.” Many prominent debtor’s attorneys have indicated that they have a backlog of new cases waiting to be filed once this proposed Bill [...]]]></description>
		<wfw:commentRss>http://wwrbankruptcy.com/2009/03/02/spike-in-chapter-13-filings-expected-upon-passage-of-bankruptcy-law-amendments/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Obama&#8217;s Homeowner Affordability and Stability Plan: A Breakdown Part III</title>
		<link>http://wwrbankruptcy.com/2009/02/28/obamas-homeowner-affordability-and-stability-plan-a-breakdown-part-iii/</link>
		<comments>http://wwrbankruptcy.com/2009/02/28/obamas-homeowner-affordability-and-stability-plan-a-breakdown-part-iii/#comments</comments>
		<pubDate>Sat, 28 Feb 2009 13:00:51 +0000</pubDate>
		<dc:creator>Alan Hochheiser</dc:creator>
				<category><![CDATA[Bankruptcy Act 2009]]></category>
		<category><![CDATA[Homeowner Affordability & Stability Plan]]></category>
		<category><![CDATA[Fannie Mae]]></category>
		<category><![CDATA[Freddie Mac]]></category>
		<category><![CDATA[loan modifications]]></category>
		<category><![CDATA[Real Estate]]></category>
		<category><![CDATA[refinancing]]></category>
		<category><![CDATA[residential mortgage]]></category>

		<guid isPermaLink="false">http://wwrbankruptcy.com/?p=143</guid>
		<description><![CDATA[Fannie Mae and Freddie Mac Loan Modifications 1. Government will support low mortgage rates for Fannie Mae and Freddie Mac loans so homeowners will gain new access to refinancing and more importantly lower monthly payments. 2. Certain Fannie and Freddie loans either in their portfolios or in mortgage backed securities will be refinanced.  The Administration [...]]]></description>
		<wfw:commentRss>http://wwrbankruptcy.com/2009/02/28/obamas-homeowner-affordability-and-stability-plan-a-breakdown-part-iii/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
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