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	<title>Creditinfocenter Blog &#187; principal</title>
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		<title>&#8220;Cramdown&#8221; Legislation Fails in Senate</title>
		<link>http://www.creditinfocenter.com/wordpress/2009/05/07/cramdown-legislation-fails-in-senate/</link>
		<comments>http://www.creditinfocenter.com/wordpress/2009/05/07/cramdown-legislation-fails-in-senate/#comments</comments>
		<pubDate>Thu, 07 May 2009 14:41:24 +0000</pubDate>
		<dc:creator>Kristy Welsh</dc:creator>
				<category><![CDATA[Mortgages]]></category>
		<category><![CDATA[cramdown legislation]]></category>
		<category><![CDATA[Democrats]]></category>
		<category><![CDATA[House]]></category>
		<category><![CDATA[House of Representitives]]></category>
		<category><![CDATA[principal]]></category>
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		<category><![CDATA[underwater]]></category>

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		<description><![CDATA[Back in March, we ran a blog post on how credit unions were worried about new &#8220;Cramdown&#8221; legislation, which would allow bankruptcy judges to reduce the principal in mortgages loans. Well, they need not worry any longer, at least for a time. The Senate just defeated the bill 51-45. According to CNN, the financial industry [...]]]></description>
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