Mortgage relief would revitalize U.S. economy, IMF's Lagarde says

04/12/2012 | Washington Post, The

Christine Lagarde, managing director of the International Monetary Fund, says the U.S. should reduce homeowners' mortgage debt to stimulate America's economy and spur growth throughout the industrialized world. The debt relief should be focused on loans held by the government-backed mortgage finance firms Fannie Mae and Freddie Mac, she said.

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