Congress makes the policy decisions. FAHA is supposed to do what's best for the health of FnF and it's owners/stakeholders as is the charter of every conservatorship.
instead of principal reduction, they should just extend the HARP and fha streamlines qualified dates to 12/2011 in stead of June 2009. that would bring in a lot of business to lenders, Fannie and Freddie, and the economy!!! BAM!!! maybe I should be elected!!!
Anybody would be better than De Marco, go for it :-)