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Affirmative Mortgage

1998: Sec. Andrew Cuomo Defends Affirmative Action Mortgage Policy

Andrew Cuomo admits "affirmative action" determined housing policy during his tenure at HUD. New York's new governor defiantly ...

Ninth Circuit Rules That a Joint Plan for Multiple Debtors Can Be Confirmed Over the Objection of All Creditors of ...

The U.S. Court of Appeals for the Ninth Circuit recently ruled that despite the rejection of a plan by every creditor of a debtor, a plan for such debtor may be confirmed, provided that such debtor is part of a joint plan with one or more of its affiliates and at least one class of any such affiliate’s creditors support the plan. Satisfaction of a key statutory predicate for confirming a Chapter 11 plan depends not on support from a debtor’s creditors, but on whether there is creditor support for at least one of the debtors in a joint multiple debtor plan. Adopting a literal approach to the Chapter 11 requirement found in §1129(a)(10)—which requires that at least one class of impaired creditors vote to accept the plan before the plan can proceed to confirmation—the Ninth Circuit determined that the affirmative vote of one creditor class of a joint plan is sufficient to permit a plan to proceed to confirmation. Under the Ninth Circuit’s interpretation, if every creditor of one debtor rejects the plan, the plan may be still be confirmed over such rejection provided that (1) the plan meets the cramdown standards for the rejecting class and (2) some class of another debtor’s creditors accept the plan. In theory, this interpretation could yield different results and extend differing creditor protections depending on whether the debtor is part of a joint plan with its debtor affiliates or proposes its own plan.

Rockville Centre Lions name Dinner in the Dark honorees

The honorees for this year’s event are longtime Rockville Centre residents Ed Asip and Kevin Mulry.

Asip has over 40 years of sales management and consulting experience, delivering complex technology-focused

business solutions to retail and commercial banks. He started his career working for the Chase Manhattan Bank as a commercial loan officer. Semi-retired now, he is proud to be finishing his career working part-time with Chase in the bank’s Rockville Centre branch. He holds a Bachelor of Science in Marketing from Boston College and an MBA in finance and banking from Adelphi University.

He is a lifelong resident of Rockville Centre and has contributed to the community in a variety of ways. Living within the Oceanside School District, Asip coached all three of his children in soccer, baseball, softball and basketball. Being closely connected to Oceanside through his children, he became a member of the Oceanside Kiwanis and the Oceanside Knights of Columbus. With his children grown, he was able to set his sights on serving in Rockville Centre.

anybody recall the details how bill clinton got the affirmative action mortgage laws changed in 1995?

robert greenwald and james h.

In the late 1990's, the then CEO Franklin Raines relaxed lending standards at Fannie Mae to allow subprime borrowers to obtain loans. This was done under the direction of the Clinton Administration. Relaxing of Lending Standards

Самая детальная информация как попасть в топ 10 яндекса здесь.