Relevant:
- Principal Reductions Won't Solve U.S. Mortgage Mess
- Are White House Housing Plans Really Stymied by the Regulator For Freddie and Fannie?
- Fannie, Freddie leader's mortgage-cutting dilemma
- Edward DeMarco Threatens Action Against Communities Weighing Principal Reduction Proposal
- Housing Finance Boss Blocked Principal Reductions, Hid Data Showing They Work, Dems Allege
2012-08-20 — bloomberg.com
By Ted Gayer and Phillip Swagel 2012-05-17T23:00:24Z
Edward DeMarco, the temporary director of the Federal Housing Finance Agency, continues to endure blistering criticism for refusing to allow Fannie Mae and Freddie Mac to pay for large-scale principal reductions for underwater borrowers (those who owe more than their homes
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