The Real Estate Encyclopedia
Fight building over judges redoing mortgages
Category - Mortgage Questions - Foreclosure & REO FAQ's
FORECLOSURES

Most congressional Democrats support a proposal that would give bankruptcy judges the power to alter mortgage terms for primary residences, saying it may the quickest way to halt the housing market's collapse. But lenders and other groups are fighting the bill, saying it's bad public policy that could result in higher interest and bigger downpayments for new homebuyers.

WASHINGTON Jan. 27, 2009

Read the full story:
http://www.floridarealtors.org/NewsAndEvents/n5-012709.cfm

 
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Mortgage Questions - Foreclosure & REO FAQ's
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