Principal Reduction Conflict Escalates Between Congress, FHFA – Mortgage News Daily

If your home’s value has dropped significantly, may very well not have adequate home equity to make refinancing economical and even possible. If your current mortgage is owned or serviced by Fannie Mae or Freddie Mac, check out the Home Affordable Refinance Program (HARP), that was made for borrowers with little equity or even negative equity.

msnbc.comPrincipal Reduction Conflict Escalates Between Congress, FHFAMortgage News DailyBoth the Treasury Department and Democratic members of Congress have been pressuring FHFA to allow principal reduction, a process that is used in modifications of non-GSE loans under the Home Affordable Modification Program (HAMP.) …Fannie Mae Completes 18k Loan Modifications in MarchLoanRateUpdate (press release)FHFA Still Pondering Principal Reductn Mortgage ModificationsMNI NewsFannie Mae Tried Loan-Forgiveness ProgramsWall Street JournalThe Hill (blog) -MarketWatch -Los Angeles Timesall 172 news articles »

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