Tag Archives: principal write-down
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 gon… Continue reading
Refis and write-downs for some
A $25 billion settlement agreement between regulators and five major banks could bring some — but not enough — relief to struggling borrowers.
A draft of the settlement was completed this week but has not been approved yet. According to an Associated… Continue reading
Robosigning deal may help
Federal and state regulators are close to reaching a settlement with some of the nation’s largest lenders over their shady foreclosure practices.
What’s in it for borrowers? About one million borrowers could receive mortgage relief in the form of loan … Continue reading
Forget loan forgiveness
You may have heard talks that lenders are being pushed to help struggling homeowners by forgiving part of the principal owed on their mortgages.
Forget it. It’s not going to happen. That’s pretty much what Federal Housing Finance Agency Acting Direct… Continue reading