FHFA’s Watt Says Debt Cuts Possible for Underwater Homeowners

FHFA’s Watt Says Debt Cuts Possible for Underwater Homeowners

(Bloomberg) — Fannie Mae and Freddie Mac’s overseer wants to allow debt cuts for a narrow group of borrowers who owe more than their homes are worth. The trick is figuring out a way to do it without incurring costs for taxpayers.

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