Wade Henderson, President and CEO of The Leadership Conference and the Joseph L. Rauh, Jr. Chair of Public Interest Law, was quoted in The Hill on Fannie Mae and Freddie Mac providing mortgage-principal reductions for holders of government-backed loans.
"We believe that Fannie Mae and Freddie Mac principal reduction
policies must promptly be instituted in order to significantly reduce
foreclosures, stabilize the housing finance market, and ultimately
reduce taxpayer losses stemming from the takeover of the GSEs," wrote