MBA Ready to Celebrate Cramdown Defeat In Senate, Prepares ‘Aggressive’ Policy Agenda
April 30, 2009
The Mortgage Bankers Association kicked off its annual National Policy Conference in Washington, DC, this week with encouraging news that the Senate appeared likely to defeat bankruptcy cramdown legislation. The Senate is expected to consider the proposal to allow bankruptcy judges to modify mortgage terms, including “cramming down” the secured debt to current market values, as an amendment to...
Is Onity Group eyeing a sale? Perhaps. And why not? Servicing values are approaching a 25-year high.
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