Real Estate & Property Law

Why Mortgage Modifications may be better then Refinancing
Homeowners who can’t afford their mortgage payments can get a better deal from their lender. Loan modifications or mortgage modifications are designed to keep the homeowner in their homes though changing the terms of their existing mortgages to something more affordable for the homeowner...

Kurt Eggert Paper: What Prevents Loan Modifications
Kurt Eggert has written What Prevents Loan Modifications? 18 Housing Policy Debate No. 2. Here's the abstract: This comment describes the barriers to preventive servicing for securitized residential loans and assesses the importance of loan modifications, given the recent increases...

Update - January's Subprime Mortgage Modifications
By Alan White Mortgage modifications in January continued converting risky subprime loans into risky modified loans. Negative amortization and temporary rate reductions with future rate shock remain common in modifications...

New Proposal for Mortgage Modifications
Ed Morrison and two colleagues at Columbia b-school--Christopher Mayer and Tomasz Piskorski--have proposed a novel approach to facilitating mortgage modifications....

Mortgage Duration Risk: The Banks Are No Longer the Problem
Washington has indeed fixed the solvency problems of the large zombie banks -- not with additional capital or stress tests, as many of us seem to think. Rather, the banks have been stabilized by turning them into GSEs via FDIC guarantees on their debt...

Modifications into the Code of Civil Procedure: Part 7- Abolition of Judicial Indemnifications
Certain modifications took place in respect of judicial indemnifications.What was the notion of judicial indemnification in the Code of Civil Procedure? Art. 162 (now abrogated) stated that a person who caused material damages by violating deliberately and with culpability the provisions of the Code of Civil Procedure or other laws, or requirements determined by the court could be upon the request of an interested party obliged by the court to repair the damages caused...