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Article

Alston & Bird LLP | USA | 8 Oct 2010

White House and others respond to foreclosure crises

Amid growing concern regarding the possible mishandling of delinquent mortgages, mortgage modifications, and foreclosures by certain financial institutions, the White House said yesterday that President Obama will veto legislation requiring states to recognize notarizations performed in other states.

Article

Alston & Bird LLP | USA | 30 Sep 2010

J.P. Morgan chase announces freezing of foreclosures

It is being widely reported in the press that J.P. Morgan Chase (J.P. Morgan) announced today that it will freeze some of its foreclosures, mirroring a similar announcement by Ally Financial Inc.’s GMAC mortgage unit (Ally) last week that Ally is suspending evictions and post-foreclosure proceedings.

Article

Alston & Bird LLP | USA | 7 Sep 2010

Financial crisis inquiry commission holds field hearing in Bakersfield, California

Today, the Financial Crisis Inquiry Commission (FCIC) held a field hearing in Bakersfield, California entitled "The Impact of the Financial CrisesGreater Bakersfield.

Article

Alston & Bird LLP | USA | 26 Mar 2010

House Oversight Committee holds hearing on the impact of Treasury’s foreclosure prevention efforts

Yesterday, the House Committee on Oversight and Government Reform held a hearing entitled, "Foreclosure Prevention: Is the Home Affordable Modification Program Preserving Homeownership?"

Article

Alston & Bird LLP | USA | 1 Feb 2010

Treasury issues press release regarding budget for fiscal year 2011

Today, the U.S. Department of the Treasury (Treasury) issued a press release highlighting key components of President Obama’s budget for fiscal year 2011.

Article

Alston & Bird LLP | USA | 10 Jul 2009

House Subcommittee on Commercial and Administrative Law holds hearing on home foreclosures

On July 9, 2009, the House Subcommittee on Commercial and Administrative Law held a hearing entitled "Home Foreclosures: Will Voluntary Mortgage Modification Help Families Save Their Homes?" to discuss how to effectively respond to the residential foreclosure crisis.

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