Sentence examples similar to principal reduction amount from inspiring English sources

Principal reduction involves reducing the amount borrowers owe in order to make a loan modification affordable for struggling homeowners.

But bank officials said Monday that the total amount of principal reduction and reimbursement would depend on how many states eventually sign on.

Key to Harris was getting a significant amount of principal reduction for borrowers.

Information that has recently come to light shows, however, that it was determined in 2009 that a principal reduction program would cost $1.7 million, but the benefits could amount to $410 million.

"We have now obtained a wide range of internal documents demonstrating that Fannie Mae officials conducted detailed, substantive analyses and concluded years ago that principal reduction programs have enormous potential to save U.S. taxpayers significant amounts of money by reducing overall losses from foreclosures following default," they wrote.

The expectation was that 250,000 Californians would be helped by principal reduction; the actual number turned out to be 84,102, with a high average amount per borrower helped.

The principal reduction programs may not begin until the fall.

Nobody is arguing for across-the-board principal reduction.

Conservatives, on the other hand, hate principal reduction.

The average in a principal reduction is about $117,000.

To avert the worst, the White House should alter its loan-modification effort to emphasize principal reduction.