New York Attorney General pushes FHFA for principal reduction

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It turns out that the housing rights protestors that interrupted a lecture earlier this week at Harvard from federal housing finance agency director Mel Watt aren’t the only ones pushing the FHFA to engage in principal reduction. In a letter sent this week to Watt, New York attorney general eric schneiderman joins the chorus calling.

New York Attorney General Eric Schneiderman, who recently called on the FHFA and Watt to enact a principal reduction program, said that the feels the FHFA’s announcement is an "important first.

Obama Names New FHFA Director. This is a real problem for homeowners that might be helped by FHFA principal reduction. Even in the best-case scenario, Watt probably wouldn’t be confirmed for.

The settlement also resolves an investigation by the Eastern District of New York, the Special Inspector General for the Troubled Asset Relief Program (SIGTARP) and the Federal Housing Finance Agency-Office of the Inspector General (FHFA-OIG) into allegations that Bank of America defrauded the Home Affordable Modification Program.

New York Attorney General Eric T. Schneiderman has joined Massachusetts Attorney General Martha Coakley in leading a nine-state coalition demanding new, permanent leadership at the Federal Housing and Finance Agency (FHFA), the agency that oversees the government-sponsored enterprises (gses), Fannie Mae and Freddie Mac.

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As the debate over whether or not to offer principal reduction to struggling homeowners has returned to the forefront of housing policy, New York Attorney General Eric Schneiderman has written a.

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Law360, New York (January 12, 2017, 3:36 PM EST) – New York Attorney General Eric Schneiderman on Thursday closed the book on a four-year investigation into a Citigroup subsidiary that revealed over 47,000 customers were overcharged by more than $22.5 million in fees on their managed investment accounts.

Other states such as New York. principal reductions on their second mortgages. Obama’s action list? Show DeMarco the door and offer to ante up payment for full, rather than partial, principal.

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New York Attorney General pushes FHFA for principal reduction . This is a housingwire.com article.. Schneiderman wants Fannie, Freddie to cut mortgage balances. It turns out that the housing rights protestors that interrupted a lecture earlier this wee k at Harvard from Federal Housing Finance Agency Director Mel Watt aren’t the only ones pushing the FHFA to engage in principal reduction.