Florida Bankruptcy Judge Questions Judgment Of Lenders Opposing Proposed Loan Modification Legislation
In Miami, Florida, the Miami Daily Business Review reports:
U.S. Bankruptcy Judge A. Jay Cristol said the banking and mortgage lending industry is either greedy, stupid or both when it comes to opposing legislation that would allow mortgage modifications for homeowners who declare Chapter 13 bankruptcy. “Everyone’s best interest would be served by stabilizing the situation and keeping people in their homes,” said Cristol, chief judge emeritus of U.S. Bankruptcy Court in Miami.
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