DeMarco reconsiders loan reduction
Has the administration persuaded Fannie Mae and Freddie Mac to help underwater borrowers modify mortgages through partial loan forgiveness?
Not yet. But Ed DeMarco, the Federal Housing Finance Agency's acting director who oversees the agencies, has gone from "no" to "maybe" on the issue. He says the FHFA is conducting a second analysis to determine whether
This entry was posted in Mortgages and tagged forgiveness, mortgage, Mortgages, principal write-down. Bookmark the permalink.
