HUD’s Donovan: This is the worst rental crisis in this nation, ever

HUD’s Donovan: This is the worst rental crisis in this nation, ever

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Plan to cut mortgage principal pitched to Congress

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A group of influential mortgage investors is intensifying efforts to encourage a new phase to U.S. housing stability plans that would give homeowners ability and incentive to pay their loans. Proposals from a coalition led by Fortress Investment Group address the problem of "underwater" loans, whose high balances relative to fallen home values have to many investors become the chief threat to U.S. housing stability.

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