Is Principal Reduction the Solution?

  We continue to have a weak housing market.� Some commentators have suggested that we could speed up the housing recovery by reducing the principal on underwater loans.� Three Fed economists (Chris Foote, Kris Gerardi and Paul Willen) just wrote a short piece called, ?The Seductive But Flawed Logic of Principal Reduction.?� They attacked the [...]

Source: http://leedsonfinance.com/2011/03/22/is-principal-reduction-the-solution/

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