In the Corner for Principal Reduction

Read Mandelman Matters for a practical defense of principal reductions instead of foreclosure: http://mandelman.ml-implode.com/2009/12/the-care-bair-%e2%80%93-fdic%e2%80%99s-sheila-bair-wants-principal-reductions-from-banks-with-loss-sharing-agreements/ Here’s a teaser quote: “My neighbor isn’t costing me money by having their principal reduced, they’re saving me from having to lose money. They’re not taking money out of my pocket by having their principal reduced, they’re stopping the market from […]