Bankruptcy Legislation Could Wreak Havoc In the MBS Marketplace, Industry Reps Fear
October 11, 2007
Legislation that would allow bankruptcy judges to modify the terms of a home loan in a Chapter 13 proceeding could create turmoil in the mortgage securities market and worsen the credit crunch, say mortgage industry lobbyists working to convince Congress not to...
The new FHFA director’s whirlwind first week resulted in widespread staffing cuts at the regulator and a dramatic change in leadership at the GSEs. So far, criticism has been muted.
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