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Real Estate Briefing - Categorized | Market Moves, Mortgage more

U.S. tries to reduce more homeowners’ mortgages

Posted on 06 June 2011

The Obama administration wants to help more struggling Americans stay in their homes by reducing the amount they owe on their troubled mortgages, a top Treasury official said on Saturday.
“We are very definitely trying to facilitate more principal reductions,” said Timothy Massad, Treasury’s acting assistant secretary for financial stability. “It is a very important piece of the overall solution,” he said……………………………………….Full Article: Source


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