Daily Archives: September 22, 2010

Are Cramdowns the Answer to Underwater Properties? — New York Real Estate

Are Cramdowns the Answer to Underwater Properties? by Raja Tayeb on September 22, 2010 The rising number of home repossessions could encourage Congress to pass cramdown legislation, something lenders fought vigorously and prevailed against when bankruptcy laws were reformed. But … Continue reading

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Fannie, Freddie in the Home-Selling Business — New York Real Estate

Fannie, Freddie in the Home-Selling Business by John Tayeb on September 21, 2010 Fannie Mae and Freddie Mac repossessed more than 191,000 homes during the first six months of 2010, twice as many as a year earlier. The mortgage financiers … Continue reading

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