Bills Calls For GSE, FHA Principal Reductions
Reps. Gary Peters (D-Mich.), John Campbell (R-Calif.) and Keith Ellison (D-Minn.) have introduced the Preserving American Homeownership Act of 2012, which calls for the development of a pilot program that would allow principal reductions on loans from Fannie Mae, Freddie Mac and the Federal Housing Administration.
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