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Loan Modification

: Mortgage Lender Implode-o-Meter

Mortgage ?Cram-Down? Amendment Fails in U.S. House

By Implode-Explode Heavy Industries

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" The U.S. House rejected a mortgage ?cram-down? amendment that would have given federal judges the power to lengthen mortgage terms, cut interest rates and reduce loan balances for homeowners in bankruptcy court."

Full post as published by Mortgage Lender Implode-o-Meter on December 12, 2009 (boomark / email).

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