Principal Write-Down Remains Controversial

Writing down principal for borrowers who are underwater continues to fuel debate among mortgage-securities investors, according to DBRS, the credit ratings agency.

  • 28 Apr 2010
Writing down principal for borrowers who are underwater continues to fuel debate among mortgage-securities investors, according to DBRS, the credit ratings agency. DBRS analysts say proponents of principal reduction, which the Department of the Treasury is planning to incorporate into its Home Affordable Modification Program, helps eliminate negative ...

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