Tag Archives: Home Affordable Modification Program Principal Reduction Alternative

Fannie, Freddie chief’s rejection of mortgage reductions has bankers smiling

July 31, 2012

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  Fannie Mae and Freddie Mac won’t be taking part in the Obama administration’s home mortgage principal reduction program. That’s bad news for underwater homeowners but cause for rounds of high-fives among executives in the nation’s financial sector. The setback for homeowners came Tuesday when Federal Housing Finance Agency Acting Director Ed DeMarco bowed to […]

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