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Housing/Lending

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Mortgage Lenders Exploit Homeowners in Bankruptcy Courts
On May 6, the Subcommittee on Administration Oversight and the Courts, a subcommittee of the Senate Judiciary Committee, held a hearing to investigate the degree to which mortgage lenders and servicers are using predatory practices to take advantage of homeowners during bankruptcy proceedings.

Civil Rights Groups Say House Mortgage Bill Is a Positive First Step, but Not Enough
Civil rights groups say that a bill in the House, the FHA Housing and Homeowner Retention Act of 2008, will help some struggling homeowners but is ultimately incomplete without a bankruptcy relief provision.

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