An estimated 33,000 delinquent Fannie Mae and Freddie Mac (GSE) borrowers may be eligible for a new one-time principal reductionAn estimated 33,000 delinquent Fannie Mae and Freddie Mac (GSE) ...

If you're the distressed homeowner, then you absolutely adore the idea of a principal reduction. It's like you're getting the same house, but for less money. Many borrowers who are very underwater are ...

It looks like Bank of America may have finally begun to realize that reducing principal is the only hope for successfully modifying underwater mortgages. I've written several posts over the past month ...

A day that many in the housing industry thought would never come is finally and actually here, as the Federal Housing Finance Agency is making official what was first reported several weeks ago – ...

When the Federal Housing Finance Agency announced earlier this year that it was going forward with a groundbreaking plan to offer principal reduction to a select number of borrowers, the details on ...

The agency’s new Principal Reduction Modification program is being presented as a one-time offering for qualified borrowers whose loans are owned or guaranteed by Fannie Mae or Freddie Mac. The ...

For hundreds of thousands of homeowners who are underwater on their mortgages, it's been a tantalizing question: Is there any way that our lender might agree to lower the amount we owe -- not only the ...

WASHINGTON — Federal Housing Finance Agency Director Mel Watt knew the criticism his agency would receive when it rolled out its plan Thursday to give principal reductions to help 33,000 underwater ...

Late Tuesday there was a bit of sparring between Edward J. DeMarco, Acting Director of the Federal Housing Finance Agency and Treasury Secretary Timothy Geithner. DeMarco sent a letter to Congress ...

Administration officials have been encouraging banks to go beyond what they've done so far and reduce the principal on home loans that are "underwater." Bank of America has embraced the idea. But ...

House Democrats have kept the heat on DeMarco to consider reductions of mortgage principal to help borrowers and, inevitably, shore up the battered housing market. Maryland Democrat Elijah Cummings, ...

We often like to talk about "benefit-benefit" analysis versus "cost-benefit" analysis. On Wall Street, it's almost always benefit-benefit because almost every "solution" the US has come up with in the ...