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Real Estate & Property Law

: The Home Equity Theft Reporter

Citigroup, Lawmakers Begin Negotiating Terms Of Acceptable Bankruptcy "Cram Down" Legislation For Home Loans

By r morris

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The Wall Street Journal reports: Citigroup Inc. is leading other lenders in advanced talks with key senators on legislation that would allow judges to set new repayment terms for millions of mortgage holders who wind up in bankruptcy court, people involved in the talks say.(1)A person close to Citigroup said that it is still negotiating details of an agreement with lawmakers, and that it hasn't

Full post as published by The Home Equity Theft Reporter on January 08, 2009 (boomark / email).

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