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  2. Making Home Affordable - Wikipedia

    en.wikipedia.org/wiki/Making_Home_Affordable

    The Making Home Affordable program of the United States Treasury was launched in 2009 as part of the Troubled Asset Relief Program. The main activity under MHA is the Home Affordable Modification Program. [1] Other programs under MHA include: [2] Principal Reduction Alternative (PRA), assists homeowners with a loan-to-value ratio exceeding 115 ...

  3. Mortgage Principal Reduction Plan Too Costly, FHFA Says - AOL

    www.aol.com/news/2012-01-23-mortgage-principal...

    A massive principal reduction program applied to underwater loans held by Fannie Mae and Freddie Mac would cost the mortgage giants more than $100 billion, says to an analysis released Monday by ...

  4. Loan modification in the United States - Wikipedia

    en.wikipedia.org/wiki/Loan_modification_in_the...

    Homeowners who make their payments on time are eligible for up to $1,000 of principal reduction payments each year for up to five years. The program will provide one-time bonus incentive payments of $1,500 to lender/investors and $500 to servicers for modifications made while a borrower is still current on mortgage payments.

  5. Principal Reduction: Is Debt Forgiveness Fair? - AOL

    www.aol.com/news/2012-07-31-principal-reduction...

    Few topics have sparked more debate among housing market watchers than mortgage principal reduction. Its proponents tout debt forgiveness as one of the surest ways to counteract the housing slump.

  6. Principal Reduction: Who Deserves It? - AOL

    www.aol.com/.../14/who-deserves-principal-reduction

    Tuesday's hearing by the House Committee on Financial Services was ostensibly on "Second Liens and Other Barriers to Principal Reduction as an Effective Foreclosure Mitigation Program," as the ...

  7. Mortgage modification - Wikipedia

    en.wikipedia.org/wiki/Mortgage_modification

    Any change to the mortgage terms is a modification. Changes may include any of the following: a reduction of the yield (commonly referred to as the interest rate), an extension of the payment term, such as extending a 30-year term to a 40-year term, or a reduction of the principal balance of the loan.

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