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...
Some SWFs in other countries have extensive ownership interests in major corporations and sweep much of their profits into state coffers.
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