Mortgage Forgiveness Presents Challenges in Housing Recovery

http://www.cnbc.com/id/100706124

 

 

 

 

Foreclosure prevention counseling fair

Deeply indebted homeowners with government-backed mortgages may have a fresh shot at receiving meaningful mortgage relief, but it will likely come with strings attached.
Earlier this week, President Obama nominated House Financial Services Committee member Mel Watt (D-N.C.) to head the Federal Housing Finance Agency, the regulator of Fannie Mae and Freddie Mac.

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