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Home » Store » News » Uphill Battle Likely to Delay Cramdown Bill

Uphill Battle Likely to Delay Cramdown Bill

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A tougher fight is shaping up in the Senate over mortgage cramdown legislation, which could delay the bill through Easter, according to industry sources. Senate supporters of cramdown, which would allow bankruptcy judges to reduce principal and to alter rates and terms on a home loan, are said to be seeking support from the credit unions to counter opposition by Republicans and...
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