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Non-owner-occupied properties became eligible under PRP
The mortgage principal and interest payments will be reduced by up to 30% for borrowers qualified for PRP, which replaces Fannie's HomeSaver Forbearance program. PRP reduces the payments by 30% rather than the previous 50% under HomeSaver Forbearance, because permanent solutions are closer to 30%, Faith said. http://www.housingwire.com/2009/10/26/fannie-adds-investment-second-homes-to-forbearance-plan/ ... more
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