FHFA: Principal reduction would cost Fannie, Freddie $100 billion

known as principal reduction. Their regulator, the Federal Housing Finance Agency, reported recently that cutting mortgage principal on Fannie and Freddie mortgages would cost $100 billion to.

109G Principal Reductions in Loan Modifications NPR reported Friday that Fannie Mae and Freddie Mac might consider principal reduction as a means to help underwater homeowners. Edward DeMarco, acting director of the FHFA, has stood firm in his.

implemented under the Fannie Mae and Freddie Mac.. of in the ongoing g-fee would cost $5.00 per $100 of the loan's principal balance. Thus.. moving average of one-month conditional prepayment rates (CPRs)5 “to reduce the.. by both Enterprises exceeds $10 billion, monitor alignment of covered.

Geithner: More Fannie reform details in spring. the two big mortgage firms are not participating in a government principal reduction program, and FHFA. -0.37% mortgages would cost $100.

Florida governor signs bill to speed up state’s foreclosure process And the Sarasota Herald-Tribune states "Florida has more empty properties in foreclosure than any other state." This is bad news for Florida’s homeowners and Florida’s economy. The high amount of foreclosures is one of the reasons that Governor Rick Scott passed the Speedy Foreclosure Bill in June 2013.

Ideology and not economics may have killed a Fannie Mae principal reduction. Freddie Mac never installed such a program. Reducing principal for a wide-range of underwater borrowers back into.

 · See the original article, "Principal Reduction: Is Debt Forgiveness Fair?" Editor’s note: The following story is republished with permission of AOL Real Estate. Fannie, Freddie.

 · It would cost $100 billion to write down all government-held underwater mortgages, which DeMarco has pointed to as evidence that principal forgiveness wouldn’t help mitigate losses.

As head of the FHFA, DeMarco has. DeMarco says principal reduction could cost taxpayers $100 billion. Some economists counter that while principal reductions might lead to a short-term hit for.

FHFA's actions as conservator of Fannie Mae and Freddie Mac during 2016. It also. Figure 10 federal home loan bank director Expenses for 2016…17. Figure 11. at $116.1 billion, as dividend payments do not reduce. $100 per share, the market value of an FHLBank's equity.

Many in Congress believe Fannie and Freddie contributed to the collapse of. of the mortgage market would most likely increase costs for borrowers.. ultimately drew about $187.5 billion from taxpayers in the bailout. Working with the Federal Housing Finance Agency, the administration would reduce.

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He has argued there are less costly ways to assist distressed homeowners and that the FHFA’s must protect the $188 billion in taxpayer money pumped into Fannie and Freddie. had shown principal.