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I side with Marcie on this issue. The arguments against are based on philosophical positions. In practice, giving the Federal BK Courts the limited cram down power, as presented here, is comparable to the powers they now have to alter terms of other secured debt. I believe (I'm not a lawyer) that California Law says that real estate licensees have a fiduciary duty to their principals (clients), which means that they must inform their clients about what is in the best interest of the borrower. All "loan officers" in the various recognized entities should be under the same requirement. Borrowers should have legal rights to be fully informed (in written and spoken terms that are easily understood by typical borrowers) of all significant (to the borrower) terms and conditions of a proposed home loan in a timely manner (long before they sit down to sign loan docs). IMHO Don Achterberg California Realtor