Court Opinion

ID: 9432820
Source: CourtListenerOpinion
Date Created: 2023-08-02 23:36:29.482127+00
Date Added: 2024-06-11T17:23:35.761749
License: Public Domain

Justice Stevens,
concurring.
At first blush it seems somewhat strange that the Bankruptcy Code should provide less protection to an individual’s interest in retaining possession of his or her home than of other assets. The anomaly is, however, explained by the legislative history indicating that favorable treatment of residential mortgagees was intended to encourage the flow of capital into the home lending market. See Grubbs v. Houston First American Savings Assn., 730 F. 2d 236, 245-246 (CA5 1984) (canvassing legislative history of Chapter 13 home mortgage provisions). It therefore seems quite clear that the Court’s literal reading of the text of the statute is faithful to the intent of Congress. Accordingly, I join its opinion and judgment.