News about Mortgage Loan Forbearance issue #295

by Joe Manausa on April 16, 2012

Reed Sponsors Mortgage Cancellation Tax Relief ActJamestown Post JournalThe bill, which has 10 co-sponsors, will extend expiring tax relief for forgiven mortgage debt. "Nearly a quarter of all ho more…
USA TODAYOpposing view: Allow principal reductionUSA TODAYAs a result, nearly 16% of HAMP modifications at the end of last year included some write-down of the loan balance. Banks reduce principal mor more…

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