Relevant:
- Principal reduction: a lifesaver for underwater homeowners
- It’s a Matter of Principal – HAMP’s New PRA
- Principal reduction plan for struggling homeowners could be part of settlement between lenders and states
- Bernanke Urges Action to Slow Foreclosures
- Principal Reduction Modification Math, by Rick Rogers, JD/MBA
2008-03-04 — blogspot.com
``Bernanke notes that temporary measures just postpone foreclosure, and he urges lenders to consider reducing principal for homeowners underwater''
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