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Sergey Fednov's Blog

By SERGEY FEDNOV *** 424-777-9377 | Agent in Beverly Hills, CA

Boost for Loan Write-Downs


Mortgage giants Fannie Mae and Freddie Mac could save $1.7 billion more than current loss-mitigation approaches by reducing loan balances for some troubled homeowners, according to a preliminary analysis by the firms' federal regulator.

The findings presented Tuesday hinted at a potential shift in the position of the Federal Housing Finance Agency, which until now has kept a hard line against forgiving debts of homeowners by maintaining that other types of loan modification are less costly to the taxpayer-backed mortgage giants. That math changed after the Treasury Department offered to pick up part of the tab for any debt-forgiveness program.

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Sergey Fednov

President - Realtor®
- Trust Sale Realty -

Residential & Commercial Real Estate
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Toll Free: 1-855-TRUST-55
Toll Free: 1-855-878-7855
Phone: 424-777-9377
Fax: 310-356-4925
http://www.TrustSale.com
http://www.TrustSaleRealty.com
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