Will Fannie and Freddie finally be making mortgage principal reductions now that their own analysis shows that doing so would benefit their own financial health–and make them better able to repay billions owed to U.S. taxpayers?
Now that Fannie and Freddie are essentially owned by the taxpayers, why aren’t these institutions doing more to help homeowners? Particularly, why are they so adamantly against allowing mortgage principal reductions?
My own professional experience about the dangers of filing bankruptcy without an attorney is validated by carefully analyzed data.
Getting a lawsuit filed against you by a creditor starts a very fast-ticking alarm clock. Don’t hit the snooze button on this one.