Mortgage â€˜cram-down’ bill may aid 1 million in U.S.

At least 1 million Americans would be able to use bankruptcy to reduce mortgage payments under legislation approved by the U.S. House last week, part of Democratic efforts to stem a crisis that has erased more than $2.4 trillion in home values. The so-called cram-down bill would allow federal judges to lengthen terms, cut interest rates ...

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Mortgage â€˜cram-down’ bill may aid 1 million in U.S.

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