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: CL&P Blog

Jack Kemp on Using Bankruptcy Law to Help Mortage Borrowers

By Jeff Sovern

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Jack Kemp, former Member of Congress, Secretary of Housing and Urban Development, and Republican vice presidential candidate, has a column here in the Christian Science Monitor supporting changes in the bankruptcy laws to help consumers facing default on their mortgage loans.  Some excerpts:* * * Under current [bankruptcy] law, courts can lower unreasonably high interest rates on secured loans, reschedule secured loan payments to make them more affordable, and adjust the secured portion of read more

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Full post as published by CL&P Blog on January 23, 2008 (boomark / email).

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