Budget Office: Principal Reductions Would Save Taxpayers Billions, Reduce Unnecessary Foreclosures

Budget Office: Principal Reductions Would Save Taxpayers Billions, Reduce Unnecessary Foreclosures: Giving government-sponsored mortgage giants Fannie Mae and Freddie Mac the authority to allow homeowners to reduce the amount of principal they owe on their mortgages would save taxpayers billions of dollars while reducing the number of foreclosures and delinquencies, according to a new report from the nonpartisan Congressional Budget Office. The report was done at [...]/p