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Real Estate & Property Law

: Housing Wire

Mortgage Cram-Down Legislation Resurfaces

By KELLY CURRAN

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The cram-down debate is back: Sen. Richard Durbin (D-IL) re-introduced hotly-contested legislation Monday that would allow judges to modify the terms of distressed mortgages on primary residences in bankruptcy cases — and this time, sources suggest the legislation faces good odds of passing. Durbin’s bill was introduced in what is expected to be a brief lame-duck [...]

Full post as published by Housing Wire on November 18, 2008 (boomark / email).

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