More Loan Modifications on the Way
By: Myles, January 5th, 2009
As we suggested in this Blog on November 7, 2008, democrats are once again planning to reintroduce legislation that would allow bankruptcy judges to modify the terms of troubled borrowers’ loans — a move that industry opponents say will lead to higher interest rates and down payments for all borrowers.
Rep. Brad Miller, D-N.C., said he […]
Tags: bankruptcy, Loan Modificaitons
Entries