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FHFA Chief Says Principal Reductions Could Save $1.7B

By Evan Weinberger ( April 10, 2012, 2:27 PM EDT) -- The head of the federal agency charged with overseeing Fannie Mae and Freddie Mac on Tuesday said incentives offered by the Obama administration could save the two mortgage giants $1.7 billion by cutting the amount of money underwater homeowners owe on their mortgages....

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