Political Quotes

Jeff Sessions: “If you sign a mortgage that gives you a guaranteed right upon failure to pay to take the property back, and that is…”

On the recordMarch 16, 2010
If you sign a mortgage that gives you a guaranteed right upon failure to pay to take the property back, and that is eroded significantly through a bankruptcy rule change, does that ripple through the system, as some have told us in the past, and make lenders more nervous about lending and therefore rates could go up for everyone?
Said by
Jeff Sessions
Republican · Alabama

Editor's note · Context

Sessions questions the impact of bankruptcy rule changes on lender confidence and interest rates.

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