tanta

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 the bankruptcy route.

Financial bloggers are in mourning today for Tanta, at Calculated Risk, who died on Sunday in Columbus, Ohio. As the tributes to her throughout the blogosphere make clear, her analysis of the mortgage crisis was closely followed and influential. She had spent 20 years in mortgage banking — she knew what she was talking about, [...]