Bay State congressmen press for mortgage aid
Three Massachusetts congressmen are urging federal housing officials to help troubled homeowners avoid foreclosure -- adding pressure on mortgage giants Fannie Mae and Freddie Mac to reverse a prohibition against reducing the size of struggling borrowers’ mortgage loans. The letter was released today by US Representatives Barney Frank of Newton; Michael Capuano of Somerville; and Stephen Lynch of South Boston, all Democrats. They are endorsing a request by Massachusetts Attorney General Martha Coakley who wrote to federal officials last week.
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