03/21/2023
https://www.congress.gov...
"Have you directed Fannie or Freddie or both to independently conduct an evaluation of the pros and cons of principal reduction as a way to, hopefully, in the long run, enhance the value of their franc..."
"it is a lot smarter for a bank to keep someone in their home paying rent and maybe even have a principal kicker at the end than to foreclose."
"I am perplexed. I have my models, and I look at this data very carefully"
"It should have been done."