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ORLANDO, Florida. win new mortgage terms or refinance, but those efforts have fallen short of meeting their goals. It is currently pushing the regulator of Fannie Mae and Freddie Mac to allow those.
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· First, the president should use his bully pulpit to demonstrate that principal write-downs are a top priority for his administration. While I plan to introduce legislation to require FHFA to reduce principal on loans the enterprises own or guarantee, I know that the fastest way to bring relief to our housing market is through executive action.
The Federal Housing Finance Agency (FHFA) continues to pivot on mortgage principal forgiveness policy, initiating a new program that would subsidize a permanent reduction of a portion of unpaid.