The Washington Independent

Posts Tagged D-Ill.

Rethinking Cramdowns as Foreclosures Roll On

By | 07.24.09 | 8:56 am

As Mike Lillis reported yesterday, a small group of Senate Democrats is pushing to revive the mortgage loan cramdown idea — a sure sign of frustration as foreclosures continue to pile up. The Senate in April defeated a cramdown proposal, which  involves allowing federal judges to modify, or More…

Banks and the Blight They Leave Behind: It’s Not Just Cleveland Anymore

By | 07.07.09 | 9:07 am

Via Patrick.net, here’s more about how some banks abandoned their foreclosed properties and left innocent neighbors to deal with the blight. And no, this isn’t just happening in Cleveland. In Petaluma, Calif.,  one neighbor got so fed up fighting with Bank of America– More…