Why Citi Turned Around on Mortgage “Cramdowns”
January 16, 2009 at 11:12 AM EST
The latest data show one out of ten homeowners in the United States either are late paying their mortgages or in such serious arrears they risk foreclosure. Last week, congressional Dems breathed a sigh of relief when Citigroup dropped its opposition to a change in the bankruptcy laws allowing distressed homeowners to do what owners [...]