Dallas-Fort Worth Real Estate Investor Club
Back to topics
No "cram-down" yet!!! GREAT NEW for Real Estate Professionals who provide Owner Financing"
Show latest replies on top
Subscribe to topic
01 May 2009 4:06 PM
Senate rejects bill to modify troubled homeowner loans
Measure would have allowed bankruptcy judges to rewrite terms of mortgages
Ronald D. Orol
Last update: 5:03 p.m. EDT April 30, 2009
WASHINGTON (MarketWatch) - A controversial provision that would allow bankruptcy judges to modify mortgages for troubled homeowners was rejected by the Senate on Thursday.
The provision, known as "cram-down," failed on a vote of 51-45. A similar measure was approved by the House earlier this year.
Back to top
Looking for a particular subject or member?
6850 Manhattan Blvd, Suite 205
Fort Worth, TX 76120