Grassley Hosting Fundraiser With Mortgage Industry Lobbyists, After Opposing Cramdown

"Sen. Grassley appears to be cashing in from the mortgage bankers for his recent vote to prevent bankruptcy judges from renegotiating the terms of mortgages in order to prevent foreclosures...."
In late April, the U.S. Senate rejected an amendment to the housing bill that would have allowed bankruptcy judges to provide relief for troubled homeowners by modifying mortgage payments. Among those who opposed the measure, which was known as "cramdown," was Sen. Chuck Grassley, the ranking member of the Senate Finance Committee.