Fannie Mae, Freddie Mac won’t be allowed to reduce loan balances for troubled borrowers
• Washington PostThe federal regulator for government-backed mortgage giants Fannie Mae and Freddie Mac said he will not allow the firms to reduce loan balances of struggling homeowners, frustrating the Obama admin as it looks for ways to
https://www.nytimes.com/2012/08/01/business/us-agency-bars-fannie-and-freddie-from-reducing-principal.html?hp