Geithner Letter to FHFA Director on Principal Reduction

Geithner Letter to FHFA on Principal Reduction

“I am concerned by your continued opposition to allowing Fannie Mae and Freddie Mac to use targeted principal reduction in their loan modification programs.”

“In view of the clear benefits that the use of principal reduction by the GSEs would have for homeowners, the housing market and taxpayers, I urge you to reconsider this decision.”

Full letter below…



Letter to FHFA

3 Responses to “Geithner Letter to FHFA Director on Principal Reduction”
  1. Sharon says:

    It’s about five years too late but what the heck, he still gets his paycheck. The book the Bailout has everyone seeing red around Timmy boy and his allegiance to the banks. He really is in a bind. He won’t be able to ever live down that he screwed every homeowner in the country in favor of helping the back. He is a loser and his reputation destroyed. He should climb under that rock where he came from.

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