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February 2012 Archives

Mortgage Principal-Reductions Remain Only a Dream

The Federal Housing Finance Agency acknowledges its mandate to offer the maximum assistance posible to distressed homeowners.  And, it conceds that principal reductions would provide much needed relief to negative equity homeowners.  However, it maintains that current loss mitigation tools in use allow it to fulfill its laudable mission without resorting to principal reductions to eliminate negative equity situations.

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