Schumer also proposed resurrecting judicial mortgage modifications, an idea that failed to survive the housing rescue bill passed earlier this summer.

FORBES: Magazine Article

That comes at a cost, Aequitas notes as would requiring every mortgage to allow only judicial foreclosure.

FORBES: Mortgage-Audit Firm -- Surprise! -- Finds Lots of Errors in Foreclosures

But this week Bank of America scored an important legal victory when the U.S. Judicial Panel on Multidistrict Litigation combined a bunch of mortgage-related lawsuits that had been filed against Countrywide and assigned them to a federal judge in Los Angeles.

FORBES: Bank Of America Scores A Victory