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Nearly a year into his tenure as director of the agency that oversees Fannie Mae and Freddie Mac, Mel Watt is being asked to formally end the policy of prohibiting mortgage modifications that reduce the balance of principal. Real Estate, Education And Community Housing, Inc. (R.E.A.C.H.) is one of the more than 200 organizational signers of a letter, delivered today, …
Read More »R.E.A.C.H. Joins More than 200 Community, Civil Rights, and Labor Groups in Urging FHFA Director Watt to Reverse Fannie-Freddie Policy on Principal Reduction
