Economy/Business News Alert: Fannie Mae, Freddie Mac will not be allowed to reduce loan balances for troubled borrowers, regulator says

	Tuesday, July 31, 2012 2:27:24 PM ECONOMY/BUSINESS NEWS ALERT Fannie Mae, Freddie Mac will not be allowed to reduce loan balances for troubled borrowers, regulator says A federal regulator is standing by its decision to bar Fannie Mae and Freddie Mac from reducing principal for borrowers at risk of foreclosure, resisting pressure from the Obama administration. The Federal Housing Finance Agency announced the decision Tuesday after months of considering the option. Read more at: http://www.washingtonpost.com/business/regulator-bars-fannie-freddie-from-reducing-principal-on-mortgage-for-at-risk-borrowers/2012/07/31/gJQAqnq9MX_story.html Or visit PostBusiness.com. SEND TO A FRIEND UNSUBSCRIBE E-MAIL CENTER GET HELP Washington Post Digital E-mail Customer Care 1150 15th Street NW Washington, D.C. 20071  ©2011 The Washington Post Privacy Policy