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Durbin Discusses Foreclosure Crisis, Mortgage Bankruptcy Reform with Housing Secretary Nominee
WASHINGTON, D.C. - January 15, 2009 - (RealEstateRama) — U.S. Senator Dick Durbin (D-IL) met with Shaun Donovan, President-elect Barack Obama’s nominee to head the Department of Housing and Urban Development (HUD), today, where he discussed the foreclosure crisis with the nominee and confirmed Donovan’s support of Durbin’s Helping Families Save Their Homes in Bankruptcy Act, a bill that will allow homeowners at risk of foreclosure to alter the terms of their mortgages in bankruptcy
Agreement Reached With One of the Country’s Biggest Mortgage Lenders on Bankruptcy Reform
WASHINGTON, D.C. - January 12, 2009 - (RealEstateRama) — U.S. Senator Dick Durbin (D-IL), with Congressman John Conyers (D-MI), Senator Chris Dodd (D-CT), Chuck Schumer (D-NY) and Congressman Brad Miller (D-NC) announced that an agreement was reached with Citigroup today, on legislation that will allow homeowners at risk of foreclosure to alter the terms of their mortgages in bankruptcy
