Relevant:
- Chase offers no doc refis, principal reduction
- Fannie And Freddie Can Prevent Foreclosures And Protect Taxpayers Through Principal Reduction
- Few Homeowners See Benefit From National Mortgage Settlement, Three Months Later
- 5 big lenders have cut mortgage balances by $1.3 billion, given total $10.6 billion in relief
- States Said to Alter Mortgage Accord as Banks, Republicans Balk at Terms
2011-10-05 — palmbeachpost.com
``In return for cutting loan balances, banks would pay less in penalties for foreclosure and mortgage-related wrongdoing. The principal reduction plan, which is being discussed as part of a settlement agreement between lenders and states, would accompany a second program that would provide funding to states to pay for their own foreclosure-rescue activity.''
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