Relevant:
- Schumer Warns of More Economic Fallout From Subprime Crisis
- Schumer Urges Countrywide to Help Refinance Loans
- Schumer Rails On Foreclosure Fees
- Senator Schumer Has Some Serious Questions for Mr. Mozillo
- Big mortgage companies still flooding airwaves with ads pushing ‘deceptive’ mortgages, says senator
2008-02-07 — housingwire.com
'Senator Charles Schumer (D-NY) called Wednesday on both Fannie Mae and Freddie Mac to reduce the principal balance of loans for borrowers whose property values have fallen below what they owe on their mortgage, as part of an effort to help borrowers avoid foreclosure, Reuters reported.'
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