Bankruptcy and the Housing Market
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  Bankruptcy and the Housing Market
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Author Topic: Bankruptcy and the Housing Market  (Read 253 times)
barfbag
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« on: August 20, 2013, 10:23:18 PM »

Banks must pay part of their debt in order to declare bankruptcy.
Terminate Home Affordable Mortgage Program.
Limit Chapter 7 bankruptcy and restrict other bankruptcy rules to avoid foreclosures.
Require full disclosure about subprime mortgages.
Ban abusive credit practices and enhance consumer disclosure.
Turn foreclosed homes into poor houses and homeless shelters.
Allow lenders to determine qualifications for home buying.
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