Pressure for Cramdown Legislation Mounts As Obama Loan Mod Program Seems to Lag
September 10, 2009
Obama administration officials continue to believe their efforts to help millions of struggling homeowners hold onto their homes will meet expectations, but members of Congress are increasingly antsy about the perceived lag in the number of successful loan modifications. That is fueling a reconsideration of mortgage cramdown legislation that the current Congress has already rejected...
The creation of a U.S. sovereign wealth fund could grease the skids for an end to the conservatorships of Fannie Mae and Freddie Mac.
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