The Washington Independent

Tuesday, May 29th, 2012

Posts Tagged homeowner crisis

Dems Limit Scope of ‘Cramdown’ Bill

By | 01.28.09 | 12:27 pm

Bowing to the banking industry, House Democrats yesterday weakened legislation empowering bankruptcy judges to alter the terms of primary mortgages to prevent foreclosures. The changes — which came during a meeting of the House Judiciary Committee, headed by Rep. John Conyers (D-Mich.) — would prevent future homeowners from going More…

Dodd: Auto Bill Could Include Foreclosure Help As Well

By | 12.05.08 | 11:23 am

It’s no secret that some powerful Democrats are none too pleased that the Bush administration has refused to use the $700 billion Wall Street rescue to help struggling homeowners facing foreclosure. Yesterday, Senate Banking Committee Chairman Sen. Chris Dodd (D-Conn.) floated a possible remedy, suggesting that any Detroit More…