Federal Housing Finance Agency director Edward DeMarco has been facing significant pressure from progressives to allow Fannie Mae and Freddie Mac — the mortgage giants that the FHFA regulates — to reduce outstanding mortgage principal for troubled homeowners. This pressure only intensified following last week’s ProPublica story showing that principal reductions would save taxpayers money [.
The Federal Housing Finance Agency has decided not to allow Fannie Mae and Freddie Mac, the two government backed housing giants, to reduce mortgage amounts for troubled homeowners. FHFA acting director Ed DeMarco, whose agency regu... Read Post
Federal Housing Finance Agency Director Edward DeMarco has faced a wave of criticism for his staunch opposition to allowing government backed mortgage giants Fannie Mae and Freddie Mac — which the FHFA oversees — to reduce loan amou... Read Post