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mortgage cramdown. home mortgage bankruptcy

Second Mortgages: What will be done about them?

by Moe Bedard

While President Obama, Tim Geithner and Ben Bernanke continue to advance plans to improve the economy offering answers about how homeowners, lenders and even judges can modify loans, one important piece of the puzzle is often left out: second mortgages.

Current legislation aimed at incentivizing lenders to modify first mortgages may not be enough to solve [...]

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