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Ninth Circuit Hearing Wal-Mart Class Action Appeal

March 25th, 2009

Wal-Mart is appealing the 2004 class action national certification of a class of plaintiff who are suing on the grounds of gender discrimination.  The large retailer has previously lost two court decisions about this case.

The appeal will be heard by the Ninth Circuit Court of Appeals.

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Mortgage Modification Eligibility Requirements

March 4th, 2009

I tried accessing the U.S. Dept of Housing and Urban Development to directly reference the eligibility requirements but it is not responding reliably.  Because of this I’ll initially refer to the Reuters’ article wherein they report the requirements for eligibility.

Requirements for President Obama’s mortgage modification plan include:

  • Must demonstrate a lack of ability to pay current mortgage.  Borrower’s retirement accounts will NOT be factored into ability to pay metrics.
  • Must demonstrate a drop in income or increase in payment.  Every borrower seeking modification will be screened.
  • Borrowers seeking a modification do NOT need to be delinquent in order to qualify.
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