Valparaiso Law-Prof. Alan White-U.S. mortgage crisis history

Alan White, Assistant Professor of Law at Valparaiso University, discusses the history and background of the recent mortgage crisis at the "Defending Foreclosures, Saving Homes" conference, held March 28, 2008.

As the foreclosure crisis deepens, Indiana homeowners are in greater need of assistance from trained housing counselors and attorneys. The conference's speakers have extensive experience in predatory lending and foreclosure litigation, workouts, and bankruptcy.

Conference participants learned about the latest developments in foreclosure and bankruptcy, loss mitigation and mortgage servicer practices. Attorneys interested in representing homeowners learned the nuts and bolts of the Indiana foreclosure process, explored effective claims and defenses available to homeowners, and learned how to present workout and loan modification proposals to mortgage servicers. Housing counselors learned more about judicial foreclosure in Indiana and options available to homeowners at each stage of the process. Architects of the Indiana Foreclosure Prevention Network were on hand to explain the IFPN initiatives—including the recently established hotline and referral network.

Valparaiso Law, founded in 1879, is one of the oldest continuously operating law schools in the U.S.A. Located near Chicago in Valparaiso, Indiana. www.valpo.edu/law

Category:

Education

Tags:

• law
• school
• Valparaiso
• University
• Valpo
• legal
• education
• Indiana
• Chicago
• foreclosure
• bankruptcy
• housing
• mortgage
• crisis

[aviomaster]

@MYUproductions -- IF you pay your mortgage YOU are not homeowner that is a good one ,

But do not blame THE PEOPLE for the mortgage crisis blame Federal Reserve or Central bank of USA for lowering interest rates and for removing landing standards.

[MYUproductions]

Whaaat? The reason people chose subprime loans over prime loans is the same reason they chose subprime loans over FHA -- because there is no mortgage insurance over 80% LTV.

Every borrower, even during the "boom" was given an option of the higher, less risky mortgage loan or the cheaper (no insurance and sometimes lower rate ARM or interest-only ARM loans) loan.

Everyone wanted what was cheapest in the immediate.

And remember everyone -- IF YOU HAVE A MORTGAGE YOU ARE NOT A HOMEOWNER

[AmeroKerato]

Search LaRouche firewall. SAVE YOUR HOMES.