You can read more about cramdowns in Colorado Springs bankruptcy attorney Bob Doig's blog article. (springsbankruptcylaw.com)
7) Whatever one thinks about mortgage cramdowns (I can see both sides), they will have a negative effect on bank solvency, and the solvency of those who hold non-Fannie and Freddie mortgage backed - securities. (alephblog.com)
With big banks hugely unpopular, the key opponents of cramdown were the nation's community bankers, who argued that the law would force them to raise mortgage rates to cover the potential losses. (propublica.org)