Senators Urge FHFA To Reduce Principal

09 Apr 2012

A group of 30 Democrat senators have asked the U.S. Federal Housing Finance Agency to conduct a new analysis on the value of reducing principal as a way to help underwater borrowers with loans from Fannie Mae and Freddie Mac.

A group of 30 Democrat senators have asked the U.S. Federal Housing Finance Agency to conduct a new analysis on the value of reducing principal as a way to help underwater borrowers with loans from Fannie Mae and Freddie Mac. The FHFA, which regulates the two lenders, concluded ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial