Government Information

Earl Gregg Swem Library

Modifying Mortgages Involving Fannie Mae and Freddie Mac: Options for Principal Forgiveness

Categories: Financial Crisis/Markets,Govt Finance,Housing/Homelessness

http://www.cbo.gov/sites/default/files/cbofiles/attachments/44115_PrincipalForgiveness_onecolumn.pdf

Examines three options for Fannie Mae and Freddie Mac to use principal forgiveness for eligible borrowers who are “underwater” on their home mortgages. Also discusses how these options might affect the number of defaults and the federal budget.  From the Congressional Budget Office

 

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