FHFA refuses to mark down principal on home loans
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Posted on 8/2/2012 by Political Blog Editor with 0 comments
" alt="" width="140" class="auto-image alignleft"/>Perverse incentives and rebukes. This key news item got overlooked earlier this week, but it’s worth flagging now. The Obama administration had hinted that they might use their leverage through the Federal Housing Finance Agency (FHFA) to reduce principal amounts on home loans that are currently underwater, ostensibly as an economic stimulus but mostly as a political stimulus to Read this post »
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