Fannie Mae’s Approval of Mortgage Principal Reductions Gets the Silent Treatment

Recent modifications to HAMP (Home Affordable Modification Program) made Fannie Mae and Freddie Mac eligible to receive incentives for providing homeowners with principal reductions. However, there has not been a commitment by the Federal Housing Finance Agency, which oversees Fannie and Freddie, to offer such reductions.

Read the full article here on Huffington Post.