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Cummings, a Maryland Democrat, said CBO report shows writedowns "are a win-win-win."

Success of Loan Writedowns Tied to How Many Qualify, CBO Says

by Victoria Finkle
MAY 2, 2013 1:12pm ET
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A Congressional Budget Office report commissioned by Democrats concludes that principal reductions in modifications of loans backed by Fannie Mae and Freddie Mac would achieve more success if eligibility of the Home Affordable Modification Program were widened.

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