Here’s Who Supports Lifting the Ban on Judicial Modification of Home Mortgages

Here is a list of some supporters of the concept for changing the existing law to remove the ban on judicial modification of primary home mortgages in chapter 13 bankruptcy to stem the tide of mortgage foreclosures:

President-elect Barack Obama

Vice President-elect Joe Biden

Lawrence Summers, Chief Economic Advisor to President-elect Obama and former Secretary of the Treasury

Former Labor Secretary Robert Reich

Honorable Jack Kemp, former Secretary of the U.S. Department of Housing and Urban Affairs and former Member of Congress

Honorable Jennifer Granholm, Governor, Michigan

Honorable Bill Richardson, Governor, New Mexico

Honorable Ted Strickland, Governor, Ohio

22 state Attorney Generals and the Attorney General of the District of Columbia

Honorable Michael Bloomberg, Mayor, New York City

U.S. Conference of Mayors

Mark Zandi, Chief Economist and co-founder of Moody’s Economy.com

Paul Krugman, professor of economics and international affairs, Princeton University, and 2008 winner of the Nobel Memorial Prize in Economic Sciences

Joseph E. Stiglitz, professor of economics, Columbia University, and co-winner of the 2001 Nobel Memorial Prize in Economic Sciences

Robert J. Shiller, Stanley B. Resor Professor of Economics and Professor of Finance at Yale University, Research Associate at the National Bureau of Economic Research, and Chief  Economist and co-founder of MacroMarkets LLC

Lewis Ranieri, founder of Hyperion Equity Funds and generally considered the father of the residential mortgage backed securities market

Professor Elizabeth Warren, Harvard Law School, and Chair of the TARP Congressional Oversight Panel

Douglas W. Elmendorf, Senior Fellow, Brookings Institution

George Soros, chairman, Soros Fund Management

Citigroup

National Association of Home Builders

National Conference of Bankruptcy Judges

National Conference of Bankruptcy Judges

National Association of Consumer Bankruptcy Attorneys

National Bankruptcy Conference

National Association of Chapter 13 Trustees