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Home » Store » News » House Judiciary Panel Revisits ‘Judicial Modification,’ Experts Say Cramdown Will Yield Little Mortgage Relief

House Judiciary Panel Revisits ‘Judicial Modification,’ Experts Say Cramdown Will Yield Little Mortgage Relief

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Despite previous setbacks, House Democrats have again raised the specter of judicial mortgage modifications during a subcommittee hearing this week. But experts warned there is little that modification policy – private or judicial – can do to help borrowers with underwater loans. Just as current loan modification policies have yielded little mortgage relief...
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