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Tag Archives: Timothy Geithner
Obama Gets Big ‘No’ On Slashing Mortgage Debt
Despite strong pressure from the Obama administration, a federal regulator will not allow Fannie Mae and Freddie Mac to reduce mortgage principal. The Federal Housing Finance Agency’s Ed DeMarco has previously opposed the program, which uses taxpayer money to pay … Continue reading
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Tagged condos, Contract Risks, Debt Forgiveness, Fannie Mae, Fannie Mae And Freddie Mac, Federal Regulator, Freddie Mac, homes, Housing Finance Agency, Loan Balances, Loan Modification, Meaningful Improvement, Michael Stegman, Mortgage, Mortgage Contract, Mortgage Credit, Mortgage Principal, news, Operational Challenges, Principal Reduction, Real Estate, real estate business, Real Estate News, Term Consequences, Timothy Geithner, townhomes, Treasury Secretary, Valid Contract
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