Tag Archives: principal reduction

Is Mortgage Principal Write-Off Overdue At Fannie, Freddie?

Taxpayers are on the hook for about $300 billion for Fannie Mae and Freddie Mac, but if liberals get their way, that number will balloon as Fannie and Freddie write-down mortgage principle for their most inept borrowers. People would who … Continue reading

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What To Do About Fannie Mae, Freddie Mac

Republicans and Democrats are squabbling about what to do with Fannie and Freddie. Republicans want to wind them down quicker. Democrats want a big government role in the mortgage market. Fannie and Freddie don’t want to write down loan principal … Continue reading

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Mortgage Modifications Don’t Work

You thought when Obama’s HAMP (Home Affordable Modification Program) came out that it would save eight million foreclosures? Think again. Many observers thought banks would jump at the opportunity to score some free government money to modify mortgages but the … Continue reading

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How Can We Give The Private Sector A Nudge Into The Mortgage Market?

The federal government played a big role in creating the 2007-2008 housing crash that is still with us. It forced banks to lend money to people (favored minorities) with poor credit and they turned out, in many cases, to be … Continue reading

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Bank Of America Launches Mortgage Principal Reduction Program In Arizona

The HAMP program offers incentives to banks to reduce mortgage principle in those states hardest hit by the mortgage downturn. In other words, the government wants to soften the effects of the free market and to distort the incentives that … Continue reading

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Qualifying For A Refinance

Report: If it wasn’t for fixing other people’s bad choices (getting them into a better loan program), we would have been a victim of this mortgage meltdown — just like everyone else, says Fred Solomon of Solomon Financial Mortgage and … Continue reading

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