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Mortgage Bankers Celebrate Victory

By Lagan Sebert on Apr 30, 2009

89 Comments

You would think this year's Mortgage Bankers Association annual meeting would be a rather solemn affair -- given the criticism the industry has endured in recent months. But an ANP reporter attending the meeting found the bankers in a celebratory mood. The reason? A massive lobbying campaign against bankruptcy reform legislation known as "cram-down" appeared to be working.

Keywords: Economy, Politics, banking, Bankruptcy, Bankruptcy Bill, Bankruptcy Reform, banks, cramdown, Dick Durbin, Durbin, Foreclosure, John Taylor, Mortgage Bankers Association, mortgages, renegotiate

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