30 Sens. Urge FHFA To Fix Mortgage-Modification Study

Law360, Washington (April 5, 2012, 7:39 PM EDT) -- Thirty U.S. senators, 29 of them Democrats, sent a letter to the Federal Housing Finance Agency on Wednesday pushing the agency to revisit its analysis of mortgage-modification tools for Freddie Mac- and Fannie Mae-backed loans, saying key evidence on the tools' effects went unconsidered.

The letter, signed by a group headed by Sens. Robert Menendez, D-N.J.; Jack Reed, D-R.I.; Mark Warner, D-Va.; and Jeff Merkley, D-Ore., pointed to testimony from a March 15 hearing of the Senate Banking Committee's subcommittee on housing, transportation and community development,...
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