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Volume 2009 - Number 7

March 27, 2009

Lender-Opposition Stalls Cramdown Vote in Senate

Cramdown legislation in Congress lost some momentum this month as the mortgage industry has led efforts to delay a vote in the Senate. The Senate originally planned to consider cramdown legislation as early as last week, but the Mortgage Bankers Association said “concerns have surfaced,” delaying a vote, possibly until as late as mid-April. On March 5, the House passed H.R. 1106, “The...

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