Widespread principal reductions could save taxpayers $2.8 billion

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 · The limited help principal reductions would provide homeowners would not justify the additional losses to taxpayers, who already have funneled more than $150 billion.

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3 Jacob Gaffney, Widespread principal reductions could save taxpayers $2.8 billion, HOUSING WIRE, May 1, 2013. 4 Lawrence Summers, Why the housing burden stalls America’s economic recovery, FINANCIAL TIMES, Oct. 23, 2011 ("Surely there is a strong case for experimentation with principal reduction strategies at the local level").

Adding Up Senator Sanders’s Campaign Proposals So Far . May 19, would each cost or save less than $50 billion each over ten years but could on net result in significant further costs and modestly higher revenue.. rather than $2.8 trillion of deficit reduction,

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Be smarter than the bank. Don't pay off your mortgage early Mortgage Principal Reduction Could Save Taxpayers $2.8 Billion By Gretchen Wegrich Updated on 6/3/2013. By Gretchen Wegrich. An investigation into the potential costs of a widespread mortgage princiapl reduction program discovered that taxpayers would benefit to the tune of $2.8 billion.

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