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Reported Deal Reached on Mortgage Relief

posted by Bob Lawless

The New York Times is reporting that a deal has been reached on a five-year interest-rate freeze for certain home mortgage. Details will be forthcoming, we're told. A few days ago, Credit Slips blogger Elizabeth Warren made a few comments about the nature of this solution as a "non-bankruptcy bankruptcy solution." What do Credit Slips readers think? Is this plan a step in the right direction?


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  • As a public service, the University of Illinois College of Law operates Bankr-L, an e-mail list on which bankruptcy professionals can exchange information. Bankr-L is administered by one of the Credit Slips bloggers, Professor Robert M. Lawless of the University of Illinois. Although Bankr-L is a free service, membership is limited only to persons with a professional connection to the bankruptcy field (e.g., lawyer, accountant, academic, judge). To request a subscription on Bankr-L, click here to visit the page for the list and then click on the link for "Subscribe." After completing the information there, please also send an e-mail to Professor Lawless ([email protected]) with a short description of your professional connection to bankruptcy. A link to a URL with a professional bio or other identifying information would be great.