Washington Post (09/12/08) P. D3
Sen. Charles Schumer, D.-N.Y., and other Democratic members of the Senate Banking Committee recently penned a letter to Fannie Mae, Freddie Mac and the Federal Housing Finance Agency requesting that they halt foreclosures for 90 days. According to the letter, "This action would provide immediate relief to many homeowners [and let the companies] turn these nonperforming loans into performing assets to minimize losses."
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