Statement of David G. Kittle, CMB
Mortgage Bankers Association
Subcommittee on Commercial and Administrative Law
Committee on Judiciary
United States House of Representatives
October 30, 2007
"Straightening Out the Mortgage Mess: How Can We Protect Home Ownership and Provide Relief to Consumers in Financial Distress? – Part II"
The legislation in question is H.R. 3609, the ‘‘Emergency Home Ownership and Mortgage Equity Protection Act of 2007,’’ introduced by Representative Brad Miller (D-NC) and Chairwoman Linda Sanchez (D-CA). It makes key changes to Chapter 13 of the Bankruptcy Code including:
Definitely a good read. Haven't seen anyone post anything on it yet.