coloradoindependent.com
Rethinking mortgage cramdown legislation as foreclosures roll on - The Colorado Independent
As The Washington Independent reported yesterday, a small group of Senate Democrats is pushing to revive the mortgage loan cramdown idea — a sure sign of frustration as foreclosures continue to pile up. The Senate in April defeated a cramdown proposal, which involves allowing federal judges to modify, or “cramdown,” the terms of a mortgage […]
Mary Kane