FHFA makes it official: Principal reduction is coming

A day that many in the housing industry thought would never come is finally and actually here, as the FHFA is making official – widespread principal reduction is coming. In what it is calling a “final crisis-era modification program,” the FHFA announced Thursday that it will be launching a principal reduction program for some borrowers whose loans are owned or guaranteed by Fannie Mae or Freddie Mac. Click the headline to learn more. http://www.housingwire.com/articles/36799-fhfa-makes-it-official-principal-reduction-is-coming ❤️ #share #mortgage