Relevant:
- Principal reduction: a lifesaver for underwater homeowners
- Fannie And Freddie Can Prevent Foreclosures And Protect Taxpayers Through Principal Reduction
- DeMarco Outlines Justification against GSE Principal Reduction
- The Silence of the Lenders
- Obama Administration to Announce Expansion of HAMP – Principal Reductions and Help for Unemployed
2011-02-27 — ml-implode.com
``It’s encouraging that some Lenders have issued PRA [Principal Reduction Alternative] HAMP modifications with large principal reductions. That suggests those few Lenders understand the economic advantage of PRA HAMP, but it’s too early to tell how many will embrace the concept and actively participate.''
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