Principal reduction isn’t ideal fix for foreclosures, official says – Los Angeles Times
 Los Angeles Times |
Principal reduction isn't ideal fix for foreclosures, official says
Los Angeles Times Edward J. DeMarco, acting director of the Federal Housing Finance Agency, tells a Senate panel that forcing Fannie Mae and Freddie Mac to reduce the balances on troubled mortgages would hurt taxpayers. Edward DeMarco, right, acting director of the … Edward DeMarco Refuses Foreclosure Fix Favored By His Boss, President Obama Pressure Grows on Fannie and Freddie to Cut Principal on Loans FHFA Home Sales, EU Trade Rules, 'Gekko' Returns: Compliance |
