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	<title>WWR Bankruptcy &#62; Your Bankruptcy News &#38; Information Source &#187; residential mortgage</title>
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	<link>http://wwrbankruptcy.com</link>
	<description>WW&#38;R Bankruptcy practice group of Weltman, Weinberg &#38; Reis, the nation's largest creditor'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>Paying Back the Loss: No Loss Policies and Member Bankruptcy</title>
		<link>http://wwrbankruptcy.com/2009/06/09/paying-back-the-loss-no-loss-policies-and-member-bankruptcy/</link>
		<comments>http://wwrbankruptcy.com/2009/06/09/paying-back-the-loss-no-loss-policies-and-member-bankruptcy/#comments</comments>
		<pubDate>Tue, 09 Jun 2009 13:10:28 +0000</pubDate>
		<dc:creator>Robert Rutkowski</dc:creator>
				<category><![CDATA[Bankruptcy Automatic Stay]]></category>
		<category><![CDATA[automatic stay]]></category>
		<category><![CDATA[credit union]]></category>
		<category><![CDATA[default]]></category>
		<category><![CDATA[foreclosure]]></category>
		<category><![CDATA[membership]]></category>
		<category><![CDATA[post-petition indebtedness]]></category>
		<category><![CDATA[reaffirmation]]></category>
		<category><![CDATA[rehabilitation]]></category>
		<category><![CDATA[residential mortgage]]></category>
		<category><![CDATA[voluntary repayment]]></category>

		<guid isPermaLink="false">http://wwrbankruptcy.com/?p=213</guid>
		<description><![CDATA[by Robert Rutkowski, Partner and Bryan Kostura, Associate
Many credit unions have no loss policies. When a member causes the credit union a loss, the member either loses services (down to a share account and the right to vote at meetings) or, in the case of some state credit unions, the member is expelled. At times, [...]]]></description>
		<wfw:commentRss>http://wwrbankruptcy.com/2009/06/09/paying-back-the-loss-no-loss-policies-and-member-bankruptcy/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Senate May Vote On Housing Bill Without Cram-Down Provision</title>
		<link>http://wwrbankruptcy.com/2009/04/30/senate-may-vote-on-housing-bill-without-cram-down-provision/</link>
		<comments>http://wwrbankruptcy.com/2009/04/30/senate-may-vote-on-housing-bill-without-cram-down-provision/#comments</comments>
		<pubDate>Thu, 30 Apr 2009 20:44:57 +0000</pubDate>
		<dc:creator>David Yunghans</dc:creator>
				<category><![CDATA[Chapter 13]]></category>
		<category><![CDATA[Real Estate]]></category>
		<category><![CDATA[cram down]]></category>
		<category><![CDATA[H.R. 1106]]></category>
		<category><![CDATA[residential mortgage]]></category>

		<guid isPermaLink="false">http://wwrbankruptcy.com/?p=209</guid>
		<description><![CDATA[As The Helping Families Save Their Homes Act awaits a Senate vote, it has become apparent that the cram-down provision of the bill will likely not muster enough support to pass.  The cram-down provision, which gives bankruptcy judges the power to modify principal balance and interest rates of mortgages, has faced intense opposition from the [...]]]></description>
		<wfw:commentRss>http://wwrbankruptcy.com/2009/04/30/senate-may-vote-on-housing-bill-without-cram-down-provision/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
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		<item>
		<title>Possible Compromise This Week on Bankruptcy Cramdown Legislation</title>
		<link>http://wwrbankruptcy.com/2009/04/21/possible-compromise-this-week-on-bankruptcy-cramdown-legislation/</link>
		<comments>http://wwrbankruptcy.com/2009/04/21/possible-compromise-this-week-on-bankruptcy-cramdown-legislation/#comments</comments>
		<pubDate>Tue, 21 Apr 2009 13:00:04 +0000</pubDate>
		<dc:creator>Monette Cope</dc:creator>
				<category><![CDATA[Chapter 13]]></category>
		<category><![CDATA[Real Estate]]></category>
		<category><![CDATA[bankruptcy]]></category>
		<category><![CDATA[cram down]]></category>
		<category><![CDATA[House]]></category>
		<category><![CDATA[interest rate]]></category>
		<category><![CDATA[lender incentives]]></category>
		<category><![CDATA[refinancing]]></category>
		<category><![CDATA[residential mortgage]]></category>
		<category><![CDATA[Senate]]></category>
		<category><![CDATA[Whip Dick Durbin]]></category>

		<guid isPermaLink="false">http://wwrbankruptcy.com/?p=207</guid>
		<description><![CDATA[While the House passed a bill permitting mortgage cramdowns, the Senate has yet to do so.  However, it hopes to have a compromise in place this week.  Senate Majority Whip Dick Durbin (D-Ill) met with banks, credit unions, and consumer groups to negotiate terms for the Senate bill.
Details are sketchy, but it appears that the [...]]]></description>
		<wfw:commentRss>http://wwrbankruptcy.com/2009/04/21/possible-compromise-this-week-on-bankruptcy-cramdown-legislation/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
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		<title>Foreclosure Rates Rise To Their Highest Levels In First Quarter of 2009</title>
		<link>http://wwrbankruptcy.com/2009/04/20/foreclosure-rates-rise-to-their-highest-levels-in-first-quarter-of-2009/</link>
		<comments>http://wwrbankruptcy.com/2009/04/20/foreclosure-rates-rise-to-their-highest-levels-in-first-quarter-of-2009/#comments</comments>
		<pubDate>Mon, 20 Apr 2009 14:36:17 +0000</pubDate>
		<dc:creator>David Yunghans</dc:creator>
				<category><![CDATA[Real Estate]]></category>
		<category><![CDATA[congressional programs]]></category>
		<category><![CDATA[filings]]></category>
		<category><![CDATA[foreclosure]]></category>
		<category><![CDATA[rate of foreclosures]]></category>
		<category><![CDATA[RealtyTrac]]></category>
		<category><![CDATA[residential mortgage]]></category>

		<guid isPermaLink="false">http://wwrbankruptcy.com/?p=205</guid>
		<description><![CDATA[On Thursday April 16, 2009 RealtyTrac reported that foreclosure rates in March 2009 increased by 17% from February.  The increase came as many mortgage lenders ended temporary moratoriums imposed on the filing of foreclosures.  The March and first quarter totals also jumped 24% from a year ago and were the highest since RealtyTrac began reporting [...]]]></description>
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		<slash:comments>0</slash:comments>
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		<title>Bankruptcy Cramdown Legislation On Shaky Ground</title>
		<link>http://wwrbankruptcy.com/2009/04/13/bankruptcy-cramdown-legislation-on-shaky-ground/</link>
		<comments>http://wwrbankruptcy.com/2009/04/13/bankruptcy-cramdown-legislation-on-shaky-ground/#comments</comments>
		<pubDate>Mon, 13 Apr 2009 12:22:54 +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[bankruptcy]]></category>
		<category><![CDATA[cram down]]></category>
		<category><![CDATA[Harry Reid]]></category>
		<category><![CDATA[mortgage fraud]]></category>
		<category><![CDATA[residential mortgage]]></category>

		<guid isPermaLink="false">http://wwrbankruptcy.com/?p=198</guid>
		<description><![CDATA[The Senate may leave the proposed cramdown legislation behind as it considers other remedies for the housing and mortgage meltdown.
The legislation would allow bankruptcy judges to modify certain home mortgage loans by reducing the principal, the payments, and/or the interest rates.  The lending community has fiercely opposed it, and some lawmakers on both sides of [...]]]></description>
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		<slash:comments>0</slash:comments>
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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 protection [...]]]></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>
		</item>
		<item>
		<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>
		<wfw:commentRss>http://wwrbankruptcy.com/2009/04/06/cram-down-provision-may-be-dropped-from-house-passed-banking-bill/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>United States Trustee&#8217;s Scrutiny of Mortgage Creditors (N.D. Ohio)</title>
		<link>http://wwrbankruptcy.com/2009/03/20/united-states-trustees-scrutiny-of-mortgage-creditors-nd-ohio/</link>
		<comments>http://wwrbankruptcy.com/2009/03/20/united-states-trustees-scrutiny-of-mortgage-creditors-nd-ohio/#comments</comments>
		<pubDate>Fri, 20 Mar 2009 18:40:41 +0000</pubDate>
		<dc:creator>Beth Schenz</dc:creator>
				<category><![CDATA[Local Procedures & Rules]]></category>
		<category><![CDATA[Proof of Claim]]></category>
		<category><![CDATA[collateral]]></category>
		<category><![CDATA[Credit Abuse Program]]></category>
		<category><![CDATA[residential mortgage]]></category>
		<category><![CDATA[Rule 9037]]></category>

		<guid isPermaLink="false">http://wwrbankruptcy.com/?p=182</guid>
		<description><![CDATA[Yesterday, representatives from the United States Trustee’s Office (“UST”) conducted a town hall meeting with representatives from the creditor’s bar to provide details on a new initiative they are moving forward with called the “Credit Abuse Program.”  During the meeting, the UST indicated that it will be more closely scrutinizing documentation submitted by mortgage lenders [...]]]></description>
		<wfw:commentRss>http://wwrbankruptcy.com/2009/03/20/united-states-trustees-scrutiny-of-mortgage-creditors-nd-ohio/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<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 to [...]]]></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>
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