Debate might give new life to residential mortgage cramdown legislation

Posted on September 25, 2010. Filed under: Uncategorized |

“A research paper from two economists at the Federal Reserve Bank of Cleveland contends that if what happened during the agricultural lending crisis of the 1980s is any indication, the actual negative effect of cramdowns is only minor.”

This report could cause Congress to take another look at this legislation.

click here to read the full story from the LA Times

John Rogers, Kentucky Bankruptcy Attorney

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