Freddie Mac and Fannie Mae Announce Mortgage Balance Cuts
Published
Mar 22 2016 at 5:00 PM GMT
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- MoneyTipsFreddie Mac and Fannie Mae have announced that as many as 50,000 homeowners may be eligible for mortgage balance reductions.
- The Federal Housing Finance Agency (FHFA) has approved the new plan that is aimed at helping those who are struggling to pay their monthly mortgage payments.
- However, many feel that the plan does not go far enough.
- The main problem housing advocates see with the proposed balance cuts is that the guidelines are too restrictive.
- While the full plan has not yet been released, it.
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- Published Mar 22, 2016 5:00 PM GMT