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VOL. 125 | NO. 135 | Wednesday, July 14, 2010

U.S. Judiciary Cmte. to Hold Field Briefing in Memphis

By Andy Meek

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A U.S. House Judiciary Committee subcommittee is holding a field briefing in Memphis Monday on “Home Foreclosures in Memphis” at the University of Memphis Cecil C. Humphreys School of Law Downtown.

The judiciary committee’s subcommittee on commercial and administrative law, chaired by U.S. Rep. Steve Cohen, D-Memphis, will hear from panels of witnesses on topics that include Memphis and Shelby County’s federal lawsuit against Wells Fargo; ways to change bankruptcy law to mitigate the foreclosure crisis; and data surrounding local foreclosures.

The hearing will start at 10 a.m. The witness list was still being finalized Tuesday afternoon, but the hearing is expected to include testimony from a number of participants including Memphis Mayor A C Wharton Jr., local judges and others.

Wharton and attorney Webb Brewer will talk about the Wells Fargo suit.

U.S. Bankruptcy Judges David Kennedy and Jennie Latta will talk about possible bankruptcy law changes.

And University of Memphis professor Phyllis Betts, attorney Sapna Raj, Beverly Anderson of the Community Development Council of Greater Memphis, Frayser Community Development Corp. executive director Steve Lockwood and Scott Bernstein, president of the Center for Neighborhood Technology, will also be on hand.

RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 0 133 1,342
MORTGAGES 0 131 1,047
FORECLOSURE NOTICES 0 19 170
BUILDING PERMITS 0 305 3,056
BANKRUPTCIES 20 118 736
BUSINESS LICENSES 27 53 329
UTILITY CONNECTIONS 0 0 0
MARRIAGE LICENSES 0 0 0