Obama’s ‘cramdown’ not mortgage lenders favorite word (BizJournals)

Local mortgage lenders are concerned about a provision in the Obama administration’s $275 billion Homeowner Affordability and Stability Plan that will give judges the power to change or “cramdown” the terms of a mortgage loan.

Source:Obama’s ‘cramdown’ not mortgage lenders favorite word (BizJournals)

This entry was posted on Tuesday, March 3rd, 2009 at 1:18 am and is filed under Mortgage Loans. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.