Frank Urges More Loan Mods, or Else

Hopkins, Cheyenne
July 2009
American Banker;7/30/2009, Vol. 174 Issue 145, p16
Trade Publication
The article discusses loan modification in the U.S. Barney Frank, chairman of the U.S. House Financial Services Committee, stated that there could be a revival of the legislation allowing judges to modify loans in bankruptcy proceedings if there is not an increase in loan modifications. Also, he is in favor of the Home Affordable Modification Program instituted by the administration of U.S. President Barack Obama.


Related Articles

  • Frank Says Reform Law's Near. Hopkins, Cheyenne // American Banker;7/28/2009, Vol. 174 Issue 143, p16 

    The article discusses regulatory reform in the U.S. Barney Frank, U.S. House Financial Services Committee chairman, stated that the U.S. House will be approving regulatory reform as of October 2009 and that the reform should be signed by U.S. President Barack Obama by the end of 2009. The reform...

  • Frank Touts Bill to Guide Obama Tarp Spending. Kaper, Stacy; Buckwell, Rob // American Banker;1/12/2009, Vol. 174 Issue 7, p1 

    The article announces that Barney Frank, Chairman of the U.S. House Financial Services Committee, has introduces a bill designed to assist the administration of President Barack Obama as he looks into how best to use funds from the Troubled Asset Relief Program. Frank comments on his trust in...

  • Frank Threatens Again to Pass Bankruptcy Bill. Hopkins, Cheyenne // American Banker;9/10/2009, Vol. 174 Issue 170, p3 

    The article reports on loan modification efforts in the U.S. Barney Frank, chairman of the U.S. House Financial Services Committee, warned banks that there is likely to be a bill passed giving judges the ability to modify mortgage loans during bankruptcy processes in response to the lack of...

  • CFPA's Part in Reg Reform Balance.  // Credit Union Newswatch;7/27/2009, p1 

    The article reports on the role of Consumer Financial Protection Agency (CFPA) legislation in the financial regulatory reform of President Barack Obama in the U.S. According to Barney Frank, chairman of House Financial Services Committee, the CFPA legislation would create a powerful independent...

  • Foreclosure Freeze At JPM Chase, Citi. Berry, Kate // American Banker;2/17/2009, Vol. 174 Issue 31, p11 

    This article discusses the mortgage foreclosure freeze agreed to by JPMorgan Chase & Co. and Citigroup Inc. Both mortgage servicers agreed to the freeze until mid-March after Barney Frank, Chairman of the U.S. House Financial Services Committee, requested a moratorium until President Barack...

  • Frank Issues Compensation Legislation. Kaper, Stacy // American Banker;7/20/2009, Vol. 174 Issue 137, p12 

    This article reports that Barney Frank, U.S. Democratic Representative from Massachusetts and Chairman of the U.S. House of Representatives Financial Services Committee, has drafted a legislative bill intended to impose restrictions on compensation of corporate executives. The bill is stated to...

  • Loan Mods May Gain.  // National Mortgage News;10/13/2008, Vol. 33 Issue 4, p1 

    The article reports on the impact of the settlement agreement of the Bank of America Corp. (BoA) to modify nearly 400,000 countrywide loans on forcing other mortgage servicers to adopt similar workout programs in the U.S. House Financial Services Committee chairman Barney Frank has put 10 major...

  • Democrats Air Concerns on Foreclosures. Kaper, Stacy // American Banker;2/22/2007, Vol. 172 Issue 36, p19 

    The article reports on a letter issued February 16, 2007, by 26 Democrats on the U.S. House Financial Services Committee. The letter, also signed by committee chair U.S. Representative Barney Frank, asked bank and thrift regulators to give financial institutions more leeway to allow forbearance...

  • OFC Seems To Be Gaining Momentum. Postal, Arthur D. // National Underwriter / Life & Health Financial Services;6/9/2008, Vol. 112 Issue 22, p6 

    The article reports that the optional federal charter (OFC) bill has gained momentum in the U.S. According to the author, the momentum have been growing both life and property casualty insurers to have an option to operate under a federal charter within 2 years. Moreover, Representative Barney...


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics