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Here is the trailer for The Con. The first time the whole story of the 2008 Housing Crisis will be told in one place.

From a Friend: While you're waiting for things to return to normal, buckle up and chew on these points from Buzzfeed. On July 31, the $600 federal unemployment payments going to unemployed people every week will end, and there’s no sign they’ll be replaced with anything nearly as generous. So income for tens of millions of households is likely to nose-dive in August. That will coincide with evictions returning after being put on hold for months. This month, about one-third o...f renters were unable to pay their rent in full or at all, despite all the stimulus money. A federal law that bans evictions in any properties financed by federally backed mortgages more than a quarter of all households, according to one estimate expires on July 25, just a week before millions of people’s main economic lifeline is pulled away. Unless they are extended, statewide orders banning all evictions in places that have been hardest hit by the unemployment crisis will also expire around then: Florida’s on July 1, California’s on July 28, and New York’s on Aug. 20. As millions of people experience a sudden collapse of their income at the very moment their landlords are allowed to start kicking them out, other bills will also come due. Payments on millions of paused student loans will begin again at the beginning of October; the more than 4 million homeowners who received a six-month pause on their mortgage after April’s mass layoffs will need to start making payments again at the end of October. Few seriously expect the US economy to recover as fast as those bills come due; the federal government’s own projections expect unemployment will remain frighteningly high well into next year, even as people return to work as the lockdowns are lifted. Many companies will only rehire workers as quickly as consumer demand returns, and in labor-heavy industries, such as restaurants, entertainment, and travel, nobody expects things to go back to normal anytime soon. And across the economy, big employers will use this moment as a kind of workforce reset button a chance to rethink how many workers they really want, outsource some jobs, offshore others, and eliminate some entirely. By some estimates, more than 40% of all the job losses of the last few months could be permanent, not temporary. What else could happen, you ask? You might have noticed a few major things like, well, the the queen of coronavirus pandemic missing from this equation. If we’re really lucky, we won’t experience a nasty second wave of infections in the fall and early winter, spurring new rounds of attempted lockdowns shortly after the economic plane crashes into the mountain lockdowns that will once again disproportionately affect Black people and people with low incomes who can't safely work from home. Fingers crossed on that one. And don't forget the nationwide protest movement that shows no sign of slowing down, or the US election that will be overheating in the fall

Join DannLaw founder Marc Dann as he discusses the problems plaguing the Paycheck Protection Program, when and how to access information about mortgage forbeara...nce and other relief programs, and the Trump Administration's perversion of the CFPB. If you need help or advice please call 877-475-8100 or email [email protected] to schedule a no-cost consultation.

The Senate's bill amends Section 1329 by adding a provision that allows modification of Plans already confirmed after notice and hearing if the debtor is experiencing a material financial hardship due to COVID-19. And it extends the Plan term to 7 years. Section 101(10A) is modified to read as follows:... (10A)The term current monthly income (A)means the average monthly income from all sources that the debtor receives (or in a joint case the debtor and the debtor’s spouse receive) without regard to whether such income is taxable income, derived during the 6-month period ending on (i)the last day of the calendar month immediately preceding the date of the commencement of the case if the debtor files the schedule of current income required by section 521(a)(1)(B)(ii); or (ii)the date on which current income is determined by the court for purposes of this title if the debtor does not file the schedule of current income required by section 521(a)(1)(B)(ii); and (B)(i)includes any amount paid by any entity other than the debtor (or in a joint case the debtor and the debtor’s spouse), on a regular basis for the household expenses of the debtor or the debtor’s dependents (and in a joint case the debtor’s spouse if not otherwise a dependent); and (ii)excludes (I)benefits received under the Social Security Act (42 U.S.C. 301 et seq.); (II)payments to victims of war crimes or crimes against humanity on account of their status as victims of such crimes; (III)payments to victims of international terrorism or domestic terrorism, as those terms are defined in section 2331 of title 18, on account of their status as victims of such terrorism; and (IV)any monthly compensation, pension, pay, annuity, or allowance paid under title 10, 37, or 38 in connection with a disability, combat-related injury or disability, or death of a member of the uniformed services, except that any retired pay excluded under this subclause shall include retired pay paid under chapter 61 of title 10 only to the extent that such retired pay exceeds the amount of retired pay to which the debtor would otherwise be entitled if retired under any provision of title 10 other than chapter 61 of that title.

Hey folks. I just did a Facebook live to discuss the Covid-19 response related to student loans. It's relatively short. I'll do another one next week. Feel free to post questions that I can respond to in next week's episode. Or better yet, tune in next week and ask me live!