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Home » Store » News » Cramdowns a Real Possibility, Lobbyists Warn

Cramdowns a Real Possibility, Lobbyists Warn

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The mortgage industry’s year-long fight to stop bankruptcy judges from reducing mortgage debt for troubled borrowers is near an end, according to industry lobbyists. At the Mortgage Bankers Association’s annual convention last week in San Francisco, three lobbyists suggested that Congress could approve cramdown provisions in November. “It is likely to get crammed down us without advocacy...
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