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 [...]
Posted in News | Tagged appraisal, Appraisals, bankruptcy, banks, Bloomberg, cramdown, foreclosures, government_meddling, principal, Wall_Street_Journal
By S-Crow on April 1, 2009
(I didn’t want this story to get lost in the midst of all the headlines the past few days.) From the National Mortgage News headlines: “The Department of Housing and Urban Development is seeking expanded loss mitigation authority allowing the principal amount of an FHA-insured mortgage to be reduced by up to 30% to help [...]
Posted in News | Tagged HUD, principal
