‘Cram-Down’ Law Threatened To Boost Modifications

Rep. Barney Frank (D-Mass.) has threatened to revive proposed legislation to allow bankruptcy judge to perform loan modifications, if mortgage services don’t substantially increase their activity in that area.

  • 05 Aug 2009
Rep. Barney Frank (D-Mass.) has threatened to revive proposed legislation to allow bankruptcy judge to perform loan modifications, if mortgage services don’t substantially increase their activity in that area. Frank made his statement regarding the so-called “cram-down” law after Treasury reported last week that only 9% of eligible ...

Please take a trial or subscribe to access this content.

Contact our subscriptions team to discuss your access: subs@globalcapital.com

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: subs@globalcapital.com or find out more online here.

GlobalCapital European securitization league table

Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 BNP Paribas 15,084 31 17.18
2 Bank of America Merrill Lynch (BAML) 9,637 29 10.97
3 Citi 8,093 21 9.22
4 Lloyds Bank 7,329 24 8.35
5 JP Morgan 6,580 10 7.49

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 128,786.28 373 11.27%
2 Bank of America Merrill Lynch 100,918.70 292 8.83%
3 JPMorgan 100,646.92 291 8.81%
4 Wells Fargo Securities 91,306.23 262 7.99%
5 Credit Suisse 75,502.58 201 6.61%