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Mortgage bankers celebrate victory

May 1st, 2009

Anti-bankruptcy reform legislation is giving mortgage brokers a reason to celebrate. 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. Read More

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