Durbin Gives Bailed Out Banks ‘Cramdown’ Ultimatum

“The voluntary efforts by some banks to slow the foreclosure crisis and stabilize America’s housing market have not worked,” Durbin said during a housing forum at the Center for American Progress Action Fund. “Whether the bankers and mortgage servicers are failing because of intransigence or incompetence doesn’t matter … They have to do much better.”

Read more from the Washington Post

Related News

  • No Related Post

Posted in Bankruptcy News | 1 Comment

One Response to “Durbin Gives Bailed Out Banks ‘Cramdown’ Ultimatum”

  1. Loan Modifications are free at the Legal-Aid Society of Orange County California. If you are a homeowner in Orange County you qualify for this free service. Legal-Aid Society of Orange County is a HUD Certified Housing Counseling Agency. Phone Number (800)834-5001
    Call for an appointment today!!

Leave a Reply

Useful Information

Mortgage Calculators, Auto Loan Calculators, Personal Finance Calculators, Student Loan Calculators, Loan Modification, Loan Articles, Loan News