Mortgage Cramdown Provision Fails to Pass Senate | Practical Law

Mortgage Cramdown Provision Fails to Pass Senate | Practical Law

An update on the Senate's rejection of the Durbin amendment to the Helping Families Save Their Homes Act of 2009, which would have allowed the cramdown of certain mortgage modifications in bankruptcy proceedings.

Mortgage Cramdown Provision Fails to Pass Senate

Practical Law Legal Update 2-386-0326 (Approx. 2 pages)

Mortgage Cramdown Provision Fails to Pass Senate

by PLC Finance and Practical Law Bankruptcy & Restructuring
Published on 01 May 2009USA (National/Federal)
An update on the Senate's rejection of the Durbin amendment to the Helping Families Save Their Homes Act of 2009, which would have allowed the cramdown of certain mortgage modifications in bankruptcy proceedings.