Sentences with phrase «of cramdown»
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.
https://www.propublica.org/ Not exact matches
During bankruptcy proceedings, a judge may issue a «cramdown» which lowers the amount of the debt that you owe to a creditor.
It seems clear that some sort of novel solution is needed to help solve this problem and cure the ailing housing market (n.b. the not - so - novel solution of reforming the bankruptcy code in order to allow mortgage cramdowns would be effective).
The complaint filed by the debtor in a cramdown action usually seeks to determine the value of -LSB-...]
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.