Bernanke discusses pros and cons of principal reductions
Principal reductions on mortgages could prove helpful in reducing home loan delinquencies if they are structured correctly, Federal Reserve Chairman Ben Bernanke said Wednesday.
While Bernanke is not taking a definite position on principal reductions and loan modifications, he told journalists at a press conference following the two-day meeting of the Federal Open Markets Committee that [...]...
Published By: HousingWire - Wednesday, 25 January
