By The Tim on May 1, 2009
Two good news stories on the national front that are worth sharing this morning.
Story 1: Senate Defeats Mortgage ‘Cram-Down’ as Democrats Balk
The U.S. Senate rejected a measure that would let bankruptcy judges cut mortgage terms to help borrowers avoid foreclosure, a victory for banks and credit unions that said the legislation would increase loan costs.
The [...]
Posted in News | Tagged appraisal, Appraisals, bankruptcy, banks, Bloomberg, cramdown, foreclosures, government_meddling, principal, Wall_Street_Journal
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