This is good news for the mortgage industry. The housing bill winding it's way through Congress is most likely not going to include a cramdown provision allowing bankruptcy judges to change mortgage terms.
This will give mortgage writers the confidence that the terms of the mortgage can be upheld and that rates will not rise [...]Thanks for reading this post. If you would like to see more articles like this, please come visit The Real Estate Bloggers. where it was originally published.
Mortgages May Be Safe From Bankruptcy Judges
Related posts:Why Letting Judges Modify Mortgages Is Bad For All Todd Zywicki has a great editorial in the Wall Street...Why New Bankruptcy Laws Are Creating More Foreclosures Back in 2005 when the new bankruptcy laws were passed...Sheldon Good Files For Chapt
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