Fannie, Freddie, Weigh Principal Reductions as BofA Tests Mortgage-To-Lease Program

Mortgage giants Fannie Mae and Freddie Mac are reportedly considering reducing the amount of principal that struggling mortgage holders owe in an effort to stave off foreclosures and keep people in their homes. A joint report by NPR and ProPublica says Fannie and Freddie are considering principal write-downs because, in many cases, the move would [...]