In a letter to the Chair and Ranking Member of the Senate Committee on Banking, Housing, and Urban Affairs DeMarco rebuffed an offer to use funds from the Toxic Asset Relief Program (TARP) to assist borrowers and said, "After much study, I have concluded the Fannie Mae and Freddie Mac's adoption of HAMP PRA would not make a meaningful improvement in reducing foreclosures in a cost effective way for taxpayers."

Comments: Be the first to add a comment

add a comment | go to forum thread