Posts Tagged ‘cramdowns’

It Looks Like Mortgage Cramdowns Are Coming

Does it strike anyone else as somewhat strange that so much time and effort was put into getting Citi to be the lead dog on the cave in to bankruptcy mortgage cramdowns. I know that it’s not unusual for this sort of legislation to get hammered out in the backrooms of Congress. No problem with […]

Solving The Housing Crisis Via The Bankruptcy Courts

So how are you going to feel when your neighbor who paid about the same as you for your house and borrowed about the same amount as you did gets his mortgage chopped down by a bankruptcy court? That’s likely to be reality within a month or two. The WSJ has an article that argues […]