
Video (4min 40sec): Mortgage Bankers Celebrate Victory.
You would think this year's Mortgage Bankers Association (MBA) annual meeting would be a rather solemn affair -- given the criticism the industry has endured in recent months.
But the American New Project (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.



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