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…

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4closureFraud.org

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Letter to FHFA