Relevant:
- Credit Suisse Tells Bloomberg: "Mortgage Principal Cuts Don't Help Homeowners?"
- BofA to start reducing mortgage principal
- New Worry: Mortgage Cram Downs Could Set Off Huge Bank Losses
- Wells Fargo Cuts as Much as 30 Percent in Principal From Loans
- The Care Bair -- FDIC's Sheila Bair Wants Principal Reductions from Banks With Loss Sharing Agreements
2010-03-26 — marketwatch.com
"Banks have been reluctant to cut principal, because this would leave them having to take immediate losses on loans. There's also concern that more homeowners would try to get their principal reduced if they see others getting such treatment, leading to a costly free-for-all."
source article |
permalink |
discuss |
subscribe by:
|
RSS |
email 
Comments: Be the first to add a comment
add a comment | go to forum thread
Note: Comments may take a few minutes to show up on this page. If you go to the forum thread, however, you can see them immediately.
