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Mortgage Firms Cool to Principal-Cut Plan
http://online.wsj.com/ article/ SB121029582718379595.html?mod=residential_real_est...
A major provision of the housing-market legislation passed by the House Thursday might not help as many borrowers as some expect, trade groups that represent mortgage companies say.
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Sauce For The Goose
http://calculatedrisk.blogspot.com/2008/05/sauce-for-goose.h...Exhibit 1, Floyd Norris, NYT:Now the mortgage company is warning that it may not be able to pay its bills, and has set out to force those who lent money to it to agree to accept only a fraction of what they are owed. It appears that its lenders have
