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Home » Store » News » Low Modification Numbers Prompt Reconsideration of Cramdown

Low Modification Numbers Prompt Reconsideration of Cramdown

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Congressional frustration over the slow pace of foreclosure prevention strategies is rekindling Democrats’ interest in bankruptcy cramdowns, which some hope might force lenders to put more shoulder into loan modification efforts. Nearly three months after the Senate rejected a House-passed cramdown bill that would have authorized bankruptcy judges to write down loan...
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