TITLE

FHFA Nears Decision on Principal Forgiveness

AUTHOR(S)
Borak, Donna
PUB. DATE
April 2012
SOURCE
National Mortgage News;4/9/2012, Vol. 36 Issue 28, p1
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports that the decision of the Federal Housing Finance Agency (FHFA) in the U.S. on whether it will permit reduction on loans owned by mortgage organizations Fannie Mae and Freddie Mac is forthcoming. It mentions that the decision will be made in April 2012 according to Edward DeMarco, the acting director of the agency. It notes that the decision will be critical how policymakers determine the appropriateness of applying principal reductions only to certain loans.
ACCESSION #
82833874

 

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