Cramdown Proponent Offers Bill to Require Mortgage Servicers to Heed H4H Requests
November 25, 2008
Congress is widely expected to give serious consideration to residential mortgage cramdowns when it reopens for business in 2009, but it’s also becoming clear that it may be just one component of a broader mandate pushing the industry to do more to avoid foreclosures. Sen. Richard Durbin, D-IL, introduced a bill in the Senate last week that would give bankruptcy courts the authority...