Mortgage Cram-Down Bill — Allowing Federal Judges to Rule on Mortgages — To Go to House for Vote
December 8, 2009 –
The mortgage ‘cram-down’ bill — with provisions that would let federal judges lengthen mortgage terms, cut interest rates and reduce loan balances for homeowners in bankruptcy court, even if the lender objects — will be attached to broader legislation and voted on this week, House Financial Services Committee Chairman Barney Frank said today,” reports Dawn Kopecki for Bloomberg News. Continue reading…
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