Lenders Wary of Writedown While Activists Want it to be Mandatory
April 5, 2010
Principal reduction remains a critical battleground between industry and community advocates even as the federal government grows more insistent on the use of writedowns to get more struggling homeowners into government modification programs. The mortgage industry welcomed the latest government efforts to help unemployed homeowners and borrowers who are underwater on their mortgages...
The creation of a U.S. sovereign wealth fund could grease the skids for an end to the conservatorships of Fannie Mae and Freddie Mac.
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