Featured Articles

What Is The Effect of Having So Many Adjuncts Teaching Bankruptcy Law Courses?

July 30, 2008 11:45

Two surveys show that a high percentage of bankruptcy courses is taught by adjuncts rather than full time faculty. A 1997 survey by an ABA Committee looking soly at bankruptcy courses and completed by bankruptcy teachers showed that over half...Two surveys show that a high percentage of bankruptcy...

Recent Articles

A Must Read on the Financial Crisis

March 22, 2012 02:37

Bethany McLean has a must-read article on Reuters about the role of the SEC's 2004 change in broker-dealer leverage requirements in the financial crisis. The article thoroughly debunks the argument that "the SEC did it" by loosening broker-dealer deregulation. I'm...Bethany McLean has a must-read...

Katie Porter Named Independent Monitor for California's Part of National Mortgage Settlement

March 16, 2012 21:23

California Attorney General Kamala Harris has appointed Credit Slip's own Katie Porter as independent monitor for California's part of the national mortgage settlement. The five financial institutions involved in the settlement have committed to provide California homeowners with up to......

Promoting Integrity in the UCC Article 9 Recording System

March 16, 2012 14:24

On January 1, 2011, Larry files a UCC-1 financing statement against David indicating David's equipment as collateral. At this point, David doesn't even know Larry, has not given him a security interest, and has not authorized this filing. On February...On January 1, 2011, Larry files a UCC-1...

The Real Question re Goldman

March 15, 2012 17:39

Why doesn't Goldman have its employees sign non-disclosure agreements?Why doesn't Goldman have its employees sign non-disclosure agreements?

HUD Inspector General fills in some details on robo-signing and other abuses

March 14, 2012 18:07

For those without enough reading after the legal document dump on Monday in the national mortgage settlement (see http://www.creditslips.org/creditslips/2012/03/national-mortgage-settlement-details-posted-on-the-web.html), there's more. Also released Monday were five audit reports about the...

Of Babies and Bucks

Katie Porter
March 14, 2012 17:11

The Credit Slips bloggers are engaged in a virtual enterprise, which means we sometimes don't see each other for a long time. One of my fellow bloggers recently asked "What's up?" and learned that I had a new baby three...The Credit Slips bloggers are engaged in a virtual enterprise, which means we...

United States Sued and Settled Suit Against Major Mortgage Servicers for Unfair and Deceptive Practices

March 13, 2012 21:25

To add to Jean's post on the National AG's mortgage settlement, we now have a copy of a complaint that formed the basis for the AG settlement, in which the United States of America (along with all the states but...To add to Jean's post on the National AG's mortgage settlement, we now have a copy of...

I'm Confused

March 13, 2012 16:33

What, exactly, is so gosh-darn newsworthy and exciting about the fact that distressed debt investors exist, and want to buy claims in MF Global?What, exactly, is so gosh-darn newsworthy and exciting about the fact that distressed debt investors exist, and want to buy claims in MF Global? 

National Mortgage Settlement Details Posted on the Web

March 12, 2012 21:54

So maybe there is a settlement after all. Details have been posted on the National Mortgage Settlement web page today. http://www.nationalmortgagesettlement.com/ I won't try to summarize all this here immediately, but stay tuned for analysis of the good, the bad...So maybe there is a settlement...