Principles of principal: Should banks cut mortgages?

Should lenders be forced to reduce the principal amount owed on home mortgages that are “underwater”? The proposition probably would win the vote of homeowners in Nevada, because CoreLogic, a Santa Ana, Calif.-based analysis company, calculates that two-thirds of homeowners in the Silver State owe more than their home is worth — the highest percentage in the country.  To read the full article, click here.