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Federal Housing Regulator Absurdly Claims Helping Families Keep Their Homes ‘Would Protect Big Banks’

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 [.
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Federal Housing Regulator Decides Not To Write Down Mortgages For Troubled Homeowners

US Politics / Liberal : Think Progress (2 years ago)

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 Regulator Finally Shows Some Openness To Reducing Loan Amounts For Troubled Homeowners

US Politics / Liberal : The Wonk Room (2 years ago)

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

Internal Fannie Mae And Freddie Mac Analysis Shows Helping Homeowners Saves Taxpayers Money

US Politics / Liberal : Think Progress (3 years ago)

Progressives have been pressuring Federal Housing Finance Agency director Edward DeMarco to allow government backed mortgage giants Fannie Mae and Freddie Mac to reduce mortgage principal for troubled homeowners. DeMarco, whose agen... Read Post


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