"There are some cases where principal reduction is not just good for the homeowner, not just good for the community, but it's good for the taxpayer too," Geithner told a congressional panel.
The Obama administration has been trying to use government resources to help the U.S. housing market. But it has faced resistance from the regulator for Fannie Mae and Freddie Mac, the Federal Housing Finance Agency's acting director Edward DeMarco.
DeMarco has maintained that his regulator's mission is to protect the taxpayer money that was used to prop up the mortgage buyers after massive losses at the companies threatened the global financial system.
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