Please ensure Javascript is enabled for purposes of website accessibility
Don't miss
Home / News / Principal cuts on lender menus as foreclosures rise

Principal cuts on lender menus as foreclosures rise

Efforts by U.S. banks to help distressed homeowners have focused mainly on temporary fixes such as interest-rate reductions that may only put off the day of reckoning, despite policy makers wanting them to do more. Banks may be forced to resort to a remedy they've been trying to avoid - principal reductions - as another wave ...