Review of Options Available for Underwater Borrowers and Principal Forgiveness
US Federal Housing Finance Agency
Download Document| Date Published | 2012 |
| Version | |
| Primary Author | US Federal Housing Finance Agency |
| Other Authors | |
| Theme | |
| Country | United States |
Abstract
Since principal forgiveness is associated with providing assistance to underwater borrowers, this paper begins with a review of the scope of the underwater borrower problem. It then describes the Enterprises’ efforts related to underwater borrowers and summarizes the Federal Housing Finance Agency’s (FHFA) analysis of principal forgiveness.