Tag Archives: principal
Fannie and Freddie won’t forgive
The two mortgage companies won’t cave in to pressure from the Obama administration. Continue reading
Forced mortgage reductions?
There may be a legal obligation for Fannie and Freddie to write down mortgage principal. Continue reading
Posted in Mortgages
Tagged Fannie, Freddie, homeowners, mortgage, Mortgages, principal, reductions, write-downs
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BofA offers principal reduction
Bank of America has agreed to provide mortgage relief, including partial loan forgiveness, to more than 200,000 borrowers.
The agreement is part of the $25 billion national mortgage settlement with five of the nation’s biggest lenders that was announce… Continue reading