nino

Citi's Flip-Flop on Mortgage Cramdowns: A Really Bad Idea

THIS IS A HORROR SHOW. I do home loans and lend hard money. As of today, I do not do hard money loans at any price. To say that a judge has a right to arbitrarily change my loan terms is soviet style doctrine. I will lend out Bank money for as long as it will last which will not be long if this law passes. We are all toast if this passes.