FHFA Approved Principal Forgiveness Pilot for Fannie

The FHFA revealed that it gave Fannie Mae the green light to conduct a pilot program with Wells Fargo in March 2010 to test principal reduction modifications.

Article source: http://www.nationalmortgagenews.com/dailybriefing/fhfa-principal-forgiveness-pilot-fannie-1030214-1.html

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