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Loan Modification

: The Truth About Mortgage.com

Mortgage Cram Down Stopped in Its Tracks

By scot184

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Proposed legislation that would allow bankruptcy judges to modify the principal balance and terms of mortgages tied to primary residences hit another roadblock this week, according to the WSJ. The so-called cram-down bill, which got a yes vote in the House of Representatives back in March, failed to attract enough votes in the Senate and will [...]

Full post as published by The Truth About Mortgage.com on April 28, 2009 (boomark / email).

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