To Comfort The Afflicted
And Afflict The Comfortable

To Comfort The Afflicted And Afflict The Comfortable

Friday, November 22, 2024

Observercast

Let Bankruptcy Courts Change Mortgages

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BY FROMA HARROP Let bankruptcy courts modify the terms of home mortgages, says President Obama and legislation now before Congress. Banks don’t like the idea, but it’s a good one, possibly even for them. We are talking about Chapter 13 bankruptcies, in which troubled borrowers reorganize their debt, not walk away from it [that’s a […]

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Arnold Hamilton
Arnold Hamilton
Arnold Hamilton became editor of The Observer in September 2006. Previously, he served nearly two decades as the Dallas Morning News’ Oklahoma Bureau chief. He also covered government and politics for the San Jose Mercury News, the Dallas Times Herald, the Tulsa Tribune and the Oklahoma Journal.