Plan for mortgage principal reductions pitched to Congress
February 4th, 2010
| Tags: a-new-phase, board, loans, principal reduction
NEW YORK, Feb 3 (Reuters) – A group of influential mortgage investors is intensifying efforts to encourage a new phase to U.S. housing stability plans that would give homeowners ability and incentive to pay their loans. Proposals from a coalition led by Fortress Investment Group address the problem of “underwater” loans, whose high balances relative to
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Plan for mortgage principal reductions pitched to Congress
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