An estimated 33,000 delinquent Fannie Mae and Freddie Mac borrowers may be eligible for a new one-time principal reduction An estimated 33,000 delinquent Fannie Mae and Freddie Mac borrowers may be eligible for a new one-time principal reduction program that could help them avoid foreclosure of their homes. The Federal Housing Finance Agency announced on Thursday it was offering the opportunity ending years of refusals to permit such modifications of GSE loans.

Foreclosure News

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