The FHFA calculates that Fannie Mae and Freddie Mac could save $3.6B by reducing the balances...

|About: Fannie Mae (FNMA)|By:, SA News Editor

The FHFA calculates that Fannie Mae and Freddie Mac could save $3.6B by reducing the balances for some homeowners who are in negative equity, the WSJ reports. Until now, the agency has maintained that the firms' existing rescue programs were less expensive. The FHFA is due to soon decide on whether to drop its opposition to Fannie and Freddie taking part in a debt-forgiveness program.