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Tag Archives: FHFA

Housing Advocates Demand Principal Reduction from FHFA

The issue of principal reduction has returned to the forefront of housing policy in the last month as current FHFA Director Mel Watt recently announced that he would make a decision in the next 30 days as to whether or not to offer principal reduction.

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Watt Announces One-Year Extensions for HAMP and HARP


Speaking at the Greenlining Institute 22nd Annual Economic Summit, Watt announced a one-year extension of the government's two affordable housing programs, which began in 2009 in response to the housing crisis. HARP was set to expire at the end of this year, while HAMP was extended last July until the end of 2016.

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