Congressmen and Regulators Continue to Spar Over Principal Reduction

There were some interesting developments over the past two days regarding the ongoing battle over mortgage principal reductions. In a letter dated May 1, Representatives Elijah Cummings (D-MD) John Tierney (D-MA) alleged that federal regulators withheld analysis from Congress showing that principal reductions could curtail losses from mortgage defaults. �In a letter to Ed DeMarco, [...]

Source: http://www.totalmortgage.com/blog/mortgage-rates/congressmen-and-regulators-continue-to-spar-over-principal-reduction/16802

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