2008-02-21 — cnn.com
``Lenders are furious at the prospect of having judges seize control of their mortgage portfolios. Community and consumer advocates argue that such a move makes sense amid the current mortgage crisis.''
Well it's either that or have people just walk. And why should mortgages be a special, privileged sort of debt? Seems to us like a great deterrent to unsound lending would be the spectre of having a judge invalidate or renegotiate the loan.
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