http://all247news.com/fdic-proposes-25-percent-discount-on-monthly-mortgage-payments-latest-foreclosure-news/7089/
The chairperson of the Federal Deposit Insurance Corporation recently suggested a solution to the on-going mortgage and foreclosures scandal. FDIC Chair Sheila Bair proposed that the banks involved would be granted “legal protection from lawsuits” in exchange for granting struggling homeowners a minimum of 25 percent reduction in monthly mortgage payments, a report from Fox Business said.
