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Real Estate & Property Law

: Housing Wire

Cram-Downs Will Drive MBS Downgrades, Analysts Say

By PAUL JACKSON

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(Update 1) Key industry analysts have been raising a red flag in the past few weeks regarding the possible impact of a plan that would allow bankruptcy judges to modify the terms of mortgages during debt restructuring, suggesting that allowing so-called cramdowns to take place will likely lead to further significant write-downs in an already battered [...]

Full post as published by Housing Wire on January 23, 2009 (boomark / email).

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