Cram-Down

(redirected from Cram-Downs)

Cram-Down

1. See: Cram Down.

2. See: Cramdown.
References in periodicals archive ?
* Restore former individual usury interest limits (7 to 8%) and bankruptcy protection standards (including judicial cram-downs for home mortgages) and limit arbitrary fees and penalty charges.
To keep our credit union blood boiling post HR-1151, our trades have served up blatantly anticonsumer causes such as bankruptcy reform, credit card reform and opposition to cram-downs. In every case there was no real benefit to credit unions.
The recent changes to fair value accounting and to the criteria for other-than-temporary loss recognition in current earnings--as well as the lender mortgage loan loss "cram-downs" that had been proposed--pose real risks to sound financial reporting by banks and thrifts.
Debbie Wasserman Schultz (D-Florida), in addressing the NPC, explained the reason she believes cram-downs are needed.
It covers such deal terms as anti-dilution protection, clawback provisions, next-round financing, cram-downs, overhang problems, warrant coverage and liquidation preferences, discussion of the Stock Purchase Agreement, and model documents, opinion letters and a due diligence checklist.
(7) Restore former individual usury and bankruptcy protections and interest charge limits (7% or 8%) including judicial cram-downs to address the defaulting credit card and subprime borrower crises and curb the excesses of those businesses;
CU lobbying has survived for a while playing defense against issues like cram-downs and creating a minimum threshold for CFPB coverage but lost their latest defense against the debit interchange cap.
CUNA was urging its attendees to focus on keeping mortgage cram-downs out of the legislation, on opposing changes to interchange fees and overdraft protection programs and on raising the cap on member business loans.
"As of now I would shocked if we didn't see another significant push from Congress this year on mortgage cram-downs," he told the credit union mortgage executives.
Earlier this year, NAFCU worked diligently to defend our industry when cram-downs were considered as part of mortgage reform.
Mica: There are an awful lot of people on Capitol Hill who are passionate about CRA, cram-downs and regulatory reform.
As I noted, cram-downs, unless applied to just subprime or Alt-A mortgages, would have an adverse impact and our industry, one that we simply cannot afford.