Relevant:
- Foreclosure watch: Obama's program for 'underwater' homeowners has helped only 5,000
- Principal Reduction vs. Easier Mortgage Refinancing
- Mortgage Settlement Yields $50B of "Aid"; But Not All Aid Dollars Equal
- Overview of the Government’s Programs to Reduce Principal on Underwater Mortgages
- Principal reduction plan for struggling homeowners could be part of settlement between lenders and states
2010-02-26 — washingtonpost.com
"The Federal Deposit Insurance Corp. is developing a program to test whether cutting the mortgage balances of distressed borrowers who owe significantly more than their homes are worth is an effective method for saving homeowners from foreclosure."
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