American News Project / By Lagan Sebert
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Mortgage Bankers Celebrate Their Big Victory

You would think this year's Mortgage Bankers Association annual meeting would be a rather solemn affair -- but they were partying.
May 1, 2009  |  
 
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You would think this year's Mortgage Bankers Association annual meeting would be a rather solemn affair -- given the criticism the industry has endured in recent months. But our American News Project 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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You would think this year's Mortgage Bankers Association annual meeting would be a rather solemn affair -- but they were partying.

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