Many banks hold second liens on the same properties for which Fannie and Freddie either own the first mortgage or have guaranteed. If principal amounts on these first mortgages are reduced while leaving the second liens intact, those seconds become much more likely to be paid off over time. With no principal reduction, the banks would have to write off many of those second liens.

Ahmad Jarba, the new head of the National Coalition for Syrian Revolutionary and Opposition Forces, is an influential tribal figure who has close links to Saudi Arabia.

Don't be intimidated when everybody seems to be striding through the conference centre full of purpose.

Attempt blocked. Seamus Coleman (Everton) left footed shot from the right side of the box is blocked. Assisted by Kevin Mirallas.

Former Chicago police Supt. Jody Weis ?who ordered the 2011 re-investigation of David Koschman? death ?says he? troubled that high-ranking cops apparently fabricated a self-defense claim to avoid charging a nephew of Mayor Richard M. Daley.
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