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Senator Warren’s Statement on FHFA’s Principal Reduction Announcement

Washington, DC–(ENEWSPF)–April 18, 2016.  United States Senator Elizabeth Warren issued the following statement today about the Federal Housing Finance Agency’s (FHFA’s) recent announcement that principal reductions will be made available for certain homeowners:

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“While this program will help a small number of underwater homeowners, last week’s announcement was a bitter pill to swallow for the millions of homeowners who could have benefitted from a much broader program years ago.  As part of the 2008 bill…

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