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News tagged ”subprime”

Durbin proposal would let judges change mortgages

Bankruptcy judges would be allowed to come to the aid of homeowners facing mortgage foreclosure under a proposal pushed by Illinois Sen. Dick Durbin.

The Senate’s second-highest ranking Democrat planned to put his bill in the spotlight Wednesday at a Senate Judiciary Committee hearing that will include testimony from Nettie McGee, a 73-year-old Chicago woman threatened by foreclosure.

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