Wednesday, October 3, 2012
Part 1: Defending Ed DeMarco
Below is part one of a two-part series–”The argument about mortgage principal reductions”–which discusses the role of principal reductions in loan modifications. Part one explains, and partially defends, the decision not to include principal reductions as part of loan modifications. In part two, which will be published on Friday, we offer a compromising, cost-saving solution [...]
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