House Panel Approves Cramdown Legislation That Some Experts Say Could Help MBS Investors
January 30, 2009
The mortgage and MBS industry’s uphill battle to stop Congress from authorizing bankruptcy cramdowns got a little steeper this week after a key Wall Street analysis helped supporters of the proposal push it through the House Judiciary Committee. Credit Suisse released a new report this week that concluded cramdown legislation “will be a net positive in terms of...