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Mortgage Principal Reduction

200,000 Homeowners to Receive Principal Reduction Offer From Bank of America

Anna Cuevas | Posted 05.09.2012 | Money
Anna Cuevas

As part of a $25 billion settlement agreement between the government and five major banks for fraudulent foreclosures, Bank of America agreed to $11 billion in mortgage principal reductions.

Not Slashing Loans May Be Costing Mortgage Giants Money

Posted 03.23.2012 | Business

By Jessie Eisinger, ProPublica and Chris Arnold, NPR New analyses by mortgage giants Freddie Mac and Fannie Mae have added an explosive new dimens...

Pay the Mortgage or Default? It's Becoming a Game of Musical Chairs

Nicholas Carroll | Posted 12.06.2011 | Business
Nicholas Carroll

In 2008, walking away from a severely underwater home was the ideal financial choice, in hindsight. In 2012 it may not be.

Mortgage Principal Reduction: Why "Re-Equifying" Borrowers Could Exacerbate The Mortgage Mess

WSJ | James R. Hagerty | Posted 05.25.2011 | Business

Many critics of the Obama administration's mortgage loan-modification program say it won't work because it doesn't do enough to address "negative equi...