DeMarco Caves, Will Allow Principal Write Downs In California

Fannie and Freddie to allow principal reductions Troubled borrowers whose loans are owned or guaranteed by the mortgage giants will now be able to participate in Keep Your Home California and other states’ programs that shrink mortgages. Alejandro Lazo, Los Angeles Times In a rare victory for proponents of principal reduction,Fannie Mae and Freddie Mac said they will […]