FHFA Says Fannie, Freddie Won't Forgive Mortgages

By Liz Hoffman (July 31, 2012, 6:54 PM EDT) -- Homeowners whose mortgages are owned by Freddie Mac or Fannie Mae will not be eligible for a White House program that would cut their principal balances, the agencies' regulator said on Tuesday, sparking immediate criticism from Treasury officials and some congressional Democrats....

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