Rosner Says Principal Cuts Needed to Stem Foreclosures: Video

Jan. 12 (Bloomberg) -- Joshua Rosner, managing director at Graham Fisher & Co., talks with Bloomb...  More »

Jan. 12 (Bloomberg) -- Joshua Rosner, managing director at Graham Fisher & Co., talks with Bloomberg's Lori Rothman about mortgage modification programs. ¶ Banks may be forced to resort to a remedy they've been trying to avoid, principal reductions, as another wave of foreclosures looms and payments on risky loans rise, Bloomberg BusinessWeek magazine reports in the Jan. 18 issue. (Source: Bloomberg)  « Less