Mortgage Bankers Celebrate Victory

AmericanNewsProject
April 30, 2009
You would think this year's Mortgage Bankers Association annual meeting would be a rather solemn affair -- given the criticism the industry has endured in recent months. But our ANP reporter attending the meeting found the bankers in a celebratory mood. The reason? A massive lobbying campaign against bankruptcy reform legislation known as "cram-down" appeared to be working.