Housingwire.com talks about principal reduction
Freddie Mac CEO Charles “Ed” Haldeman gave a strong signal Friday that new incentives from the Treasury Department may be enough to start principal reduction on mortgages backed by the government-sponsored enterprises. To read the full article, click here.
AIG Pays Treasury Nearly $1B Amid Reports Slamming Bailout
American International Group (AIG) repaid nearly $1 billion in rescue funds from the Treasury Department Tuesday, the same day that a government office released a report slamming the Federal Reserve for apparent missteps in bailing out the financial institution in 2008. To read the full article, click here.