The most hotly debated cure for America's gigantic and protracted foreclosure crisis is all about principal – or rather, principle.
This guy, Edward DeMarco, the acting head of the Federal Housing Finance Agency, is deliberately damaging America -- promoting foreclosures, high unemployment and excessive taxes. He has got to go. Read Post
Bank of America has begun writing down principal on the mortgages of some troubled borrowers in California through a state program intended to help people facing foreclosure. The bank has signed on to the principal reduction compone... Read Post