Will Senate Spit Or Swallow The Cramdown Bill? By: Andy Asbury | Apr 8th 2009 - Loan modification is not a new solution for distressed homeowners, but lenders currently only modify loans on a voluntarily basis. Lenders have all the power, and homeowners are subject to whatever agreement the bank sets out. With the new cram down legislation however, bankruptcy judges will be able to override stubborn lenders, and help families save their homes Tags:finances, mortgages, mortgage write downs, cram down bill, foreclosure, bankruptcy, real estate markets
Sub Prime Mortgages: Baseless Commitments By: A Raymond Randall | May 21st 2007 - So what motivates mortgage loan officers toward sub-prime lenders? Money of course! Typical capital formula: the greater the risk the greater the return. Tags:sub prime mortgages
