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Bankruptcy Mortgage Cramdowns Would Hurt Housing Market25 Feb 2009 by The Heritage Foundation - David C. John  
... throw good money after bad. Keeping predatory lenders from taking advantage of FHA programs. Section 203 of H.R. 1106 makes it easier for HUD and the FHA to prevent predatory lenders from underwriting FHA-guaranteed home loans. ...
The Heritage Foundation Papers - http://www.heritage.org/research/ - References

H.R. 20023 Feb 2009
In 2008, about 354000 cases were filed for Chapter 13 bankruptcy, a 14 percent increase over the number filed in 2007. H.R. 200 would apply to Chapter 13 cases filed before, on, or after the date of enactment, but would limit which debtors would .... modified loans, and the amount mortgage payments might be reduced in the bankruptcy process. Similar uncertainty exists for the impact of H.R. 200 on the value of mortgage- backed securities guaranteed and held by the GSEs. ...
CBO's Latest 10 Documents - http://www.cbo.gov/

Top 10 Veterans News from Around the Country 2-25-09 : Veterans ...25 Feb 2009
Bloomberg News (2/25, Kopecki) reports, "More than 1 million households would benefit from seeking protection from creditors under a proposed law that would let bankruptcy judges modify mortgage terms, the Congressional Budget Office said. ... Bloomberg notes that the CBO estimates "don't include borrowers with loans guaranteed by the Veterans Administration, Federal Housing Administration or Agriculture Department, which were initially excluded from the bill. ...
Veterans Today - News for US Military Veterans... - http://www.veteranstoday.com/ - References