The Detroit Free Press interviewed Professor Kurt Eggert, a national expert on mortgage issues, in a series of articles about mortgage principal reductions.  “If you don’t do principal reductions as home prices decrease, more people walk away from their mortgages,” said Professor Eggert. “If the house is substantially underwater, borrowers have much less incentive to keep paying their mortgages, and that will cause great damage to the investors and to the markets generally.” Read “Mortgage Principal Reductions Mired in Controversy.” Related articles: “Persistence Pays off After 18 Months of Faxes and Late Fees” and “Fannie Mae Promises to Keep Families in Homes, but Instead Pressures Banks to Foreclose” .