Your English writing platform
Discover LudwigSuggestions(5)
Exact(59)
— make principal reductions.
The Obama administration's move to encourage mortgage principal reductions offers lenders a subsidy to reduce principal.
The administration has resisted, in part because principal reductions are seen as rewarding reckless borrowers.
The administration has altered its programs somewhat to emphasize principal reductions.
Economists have suggested that principal reductions, if granted judiciously to underwater homeowners, would help the economy.
Principal reductions are not new, but neither have they been easy to come by.
That makes no economic sense, because defaults and foreclosures are generally far costlier than timely principal reductions.
Mr. Gentes said his clients (including the Phillipses) had recently begun seeing principal reductions as large as $299,000.
The fact is, principal reductions by Fannie and Freddie are not the panacea that they may seem.
Another is a "shared appreciation" scheme in which principal reductions are combined with an equity stake for lenders.
Banks generally loathe principal reductions, in part because they result in upfront losses, and the administration has not championed the idea.
Write better and faster with AI suggestions while staying true to your unique style.
Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com