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Bankruptcy

: The Debt Podcast

The King Amendment hurts the Middle Class

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As David Leibowitz reports on Mortgage Law Network, under the ?King Amendment? to the mortgage modification bill in Congress (H.R. 200 and S.61), people who got their mortgage by ?fraud? won?t be able to get mortgage modifications in Chapter 13. There is no question that borrowers and lenders ignored the risk of loose underwriting requirements since [...]

Full post as published by The Debt Podcast on February 09, 2009 (boomark / email).

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