Democrats Allege Fannie Mae Killed Principal Reduction Program in 2010
Ideology and not economics may have killed a Fannie Mae principal reduction program in 2010, according to two Democratic congressmen.
Reps. Elijah Cummings, D-Md., and John Tierney, D-Mass., sent a letter to the Federal Housing Finance Agency contesting an analysis released in January. The report, provided to FHFA Acting Director Edward DeMarco in December 2010, was the backbone for why Fannie and Freddie Mac never installed such a program.
Read more at Democrats allege Fannie Mae killed principal reduction program in 2010.
Reply
You must be logged in to post a comment.
Lew Corcoran
Licensed Real Estate Professional
Certified Short Sale Guide
REO Asset Professional
No comments
Comments feed for this article
Trackback link: http://www.homerescueplans.com/2012/02/09/democrats-allege-fannie-mae-killed-principal-reduction-program-in-2010/trackback/