FHFA to Get Off the Fence on Principal Relief
FHFA has been considering the possibility of offering principal reduction to underwater homeowners since long before Mel Watt became Director of the Agency two years ago. Why have they taken so long to...
View ArticleProtesters Turn Up the Heat on FHFA Director Watt
On March 22, Mel Watt said the FHFA would make a decision within 30 days on whether or not to offer principal reduction on mortgage loans. Some housing advocates don't want to wait that long, however....
View ArticleNew York AG Asks Watt to Get Moving on Principal Reduction
Schneiderman joins the growing list of those calling for mortgage relief. The post New York AG Asks Watt to Get Moving on Principal Reduction appeared first on DSNews.
View ArticleHow Much Will Principal Reduction Affect Servicers?
FHFA Director Mel Watt last week announced a program offering principal reduction to help delinquent borrowers avoid foreclosure. Will the program affect servicers' bottom lines, and if so, how much?...
View ArticleWhy Will Principal Reduction Benefit So Few Borrowers?
Why is the FHFA extending its principal reduction program to only 33,000 borrowers when there are three million underwater borrowers nationwide? The post Why Will Principal Reduction Benefit So Few...
View ArticleAssessing the Full Impact of Principal Reduction
Elyse Cherry, CEO of Boston Community Capital, spoke with DS News about concerns surrounding the FHFA's recently-announced principal reduction program, and what the Agency should do about it. The post...
View ArticleFHFA: Time to Solicit Borrowers for Principal Reduction
The FHFA has determined that borrowers eligible for principal reduction tend to be concentrated in communities across the country that have not yet fully recovered from the foreclosure crisis. The post...
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