Who is eligible for principal reduction? New report sheds light on groundbreaking program

When the Federal Housing Finance Agency announced earlier this year that it was going forward with a groundbreaking plan to offer principal reduction to a select number of borrowers, the details on who exactly would be eligible were somewhat scarce, outside of the stipulations for the program provided by the FHFA. A new report from the FHFA provides more detail on how many borrowers are eligible and where they are located. http://www.housingwire.com/articles/37493-who-is-eligible-for-principal-reduction-new-report-sheds-light-on-groundbreaking-program ❤️ #share #mortgage