Freddie Mac and Fannie Mae Announce Mortgage Balance Cuts

Published Mar 22 2016 at 5:00 PM GMT
  • 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.



  • Published Mar 22, 2016 5:00 PM GMT