The Federal Housing Finance Agency is nearing a decision on whether to allow the companies to participate in the debt-forgiveness program that it consistently has resisted.
Chief among them is the fear that more borrowers, upon hearing that Fannie and Freddie are instituting a debt-forgiveness program, might default to seek more generous terms.
Previously on this program, we talked about the Forgiveness Project - psychologists and faith leaders urging people to learn the habits of forgiveness.
Obviously I would say -- let me just add, there are aspects of different types of Stafford responses such as the program that SBA has began I think the 10th of May offering low-interest loans and providing loan forgiveness for people that have been hurt as an economic consequence of a disaster.