What a crock. The real reason is because if the loans are not rewritten they are not foreclosable.And the FHFA knows it.Homeowners take notice and demand a better discount.Many of the mortgages have already been paid in full by insurances and tarp money.They are promising to refinance non foreclosable,paid in full,written off and non collectable debts.What sports they are.Can anybody say wealth redistribution run amuck?
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