Fed Gov't Wants To Reduce Principal or Interest for 3M HOMEDEBTORS Facing Foreclosure

From WaPo:Treasury, FDIC Crafting Plan to Rework Millions of MortgagesOfficials with the Treasury and the FDIC (Federal Deposit Insurance Corp.) are crafting a plan under which the government would guarantee the mortgages of as many as 3 million homeowners now struggling to avoid foreclosure, according to three sources familiar with the discussions.Under the program being discussed, the lender