Relevant:
- Freddie and Fannie won't pay down your mortgage
- US Housing Secretary Pushes Mortgage Write-Downs For Fannie Mae, Freddie Mac
- Will the White House Move the ‘Boulder' on Principal Write-Downs?
- Anger Grows Over FHFA Chief - Mortgage regulator stands firm against pressure for write-downs
- Principal reduction isn't ideal fix for foreclosures, official says
2012-02-10 — chicagotribune.com
"Fannie Mae, the largest U.S. mortgage finance provider, on Thursday said a plan to reduce loan balances for troubled homeowners had proved too difficult to carry out on a broad scale when tested in pilot programs. "
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