Senate GOP Calls Fed Proposal To Reduce Mortgage Payments ‘Completely Egregious’

Senate GOP Calls Fed Proposal To Reduce Mortgage Payments ‘Completely Egregious’: pThe Federal Reserve last week released a set of proposals for aiding the battered American housing market, including a series of ways to help homeowners who are buried under the weight of unsustainable mortgage payments or who now find themselves significantly underwater on their home (meaning they owe more on their mortgage than their house [...]/p