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Ed Demarco

Underwater America: Will President Obama, Mel Watt and Wall Street Finally Do the Right Thing for Troubled Homeowners?

Peter Dreier | Posted 07.21.2014 | Politics
Peter Dreier

The Obama administration did too little, too late, to help troubled homeowners, who faced plummeting home prices and the risk of foreclosure. The most important thing they can do is get Fannie Mae and Freddie Mac to adopt principal reduction.

What Is Mel Watt Waiting For?

Peter Dreier | Posted 07.13.2014 | Business
Peter Dreier

Some pundits and politicians claim that America's housing market is now recovering from plummeting home prices and a years-long lull in new construction. But the so-called recovery is very uneven.

Watt Now? (Or, Can Mel Watt Fix the Housing Crisis?)

Peter Dreier | Posted 02.12.2014 | Politics
Peter Dreier

News coverage of the Senate's confirmation of Congressman Mel Watt on Tuesday to head the Federal Housing Finance Agency (FHFA) was all about politics, not the housing or banking issues he now has to address.

Time for Wall Street to Stop Blocking Mel Watt

Mike Lux | Posted 12.30.2013 | Politics
Mike Lux

Wall Street doesn't want a new director of FHFA. They like things the way they are, and don't want a new sheriff in town. That is why Republicans are so willing to buck history and tradition, are so willing to stop the first African-American appointee to run FHFA to be confirmed.

FHFA's Ed DeMarco: Kissing the Ass of the Banking Class

Peter Dreier | Posted 10.08.2013 | Politics
Peter Dreier

President Obama has already fired Ed DeMarco, acting director of the Federal Housing Finance Agency (FHFA), but before he leaves DeMarco is handing an early Christmas present to his friends in the banking industry.

How Homeowners Made May a Month You Won't Forget

Tracy Van Slyke | Posted 07.21.2013 | Business
Tracy Van Slyke

It has been a full five years since banks crashed the economy and more than a year since President Obama announced a special task force to investigate big bank crimes. Ever since, homeowners and community members have been fighting for fair and deserved relief and justice.

Housing Activists Convince Obama to Dump DeMarco

Peter Dreier | Posted 07.02.2013 | Politics
Peter Dreier

The anti-DeMarco campaign is part of a broader movement to hold Wall Street banks accountable for crashing the economy, destroying the housing wealth of millions of homeowners, and refusing to help families facing foreclosure through no fault of their own.

Shahien Nasiripour

Obama Pick Gets Some Republican Support | Shahien Nasiripour | Posted 05.02.2013 | Business

BOSTON -- The White House, long bedeviled by shortcomings in its housing programs, received two boosts Wednesday when its pick to lead a key housing a...

Shahien Nasiripour

Obama To Nominate Longtime Congressman For Key Job | Shahien Nasiripour | Posted 05.02.2013 | Business

BOSTON -- President Barack Obama will nominate Mel Watt, a longtime Democratic congressman from North Carolina, to oversee government-controlled mortg...

The Housing Market Isn't Fixed

Preeti Vissa | Posted 04.02.2013 | Politics
Preeti Vissa

Millions of hard-working and responsible Americans risk being shut out of the opportunity to own their own home, with all that implies for building the wealth and assets that can help a family get through rough times and have something to pass along to their children.

'Dump DeMarco' Housing Protestors Interrupt (and Get Evicted From) House Hearing

Tracy Van Slyke | Posted 05.20.2013 | Politics
Tracy Van Slyke

Ed DeMarco's continued ideological opposition to principal reduction -- also known as resetting mortgages to fair market value -- has made him widely known one of the biggest obstacles to our country's economic progress.

Controversial Regulator Tells Congress To Stop Helping Mortgage Market

Reuters | Posted 05.19.2013 | Business

WASHINGTON, March 19 (Reuters) - The regulator of housing finance giants Fannie Mae and Freddie Mac told lawmakers they need to reduce or eliminate...

Ben Hallman

Housing Director's Actions 'Inexplicable' | Ben Hallman | Posted 03.18.2013 | Business

Massachusetts Attorney General Martha Coakley has run out of patience with the nation's top housing official. On Monday, after more than a year sp...

Completed Chicago Area Foreclosure Skyrocket in 2012

Dory Rand | Posted 04.10.2013 | Chicago
Dory Rand

The vast majority of foreclosed properties that reach auction do not sell and therefore become lender-owned, or real estate owned (REO). REO properties cause several problems for the neighborhoods and cities in which they are located.

President Obama's Unfinished Business on Housing

George Goehl | Posted 03.29.2013 | Politics
George Goehl

From climate change to human rights, President Obama sketched out a progressive agenda, but he neglected a crucially important element: finally ending the foreclosure crisis which continues to uproot families and blight communities.

President Obama: Your Second Term Is Your Second Chance to Get Housing Right

Tracy Van Slyke | Posted 01.07.2013 | Politics
Tracy Van Slyke

President Obama, take this second chance to get it right on housing and use your mandate to help the millions of underwater homeowners across this country.

Zach Carter

Wall Street Analyst: Obama Will Fire DeMarco In December | Zach Carter | Posted 11.02.2012 | Politics

Bank of America analyst Ralph Axel said Friday that he expects President Barack Obama to fire acting Federal Housing Finance Agency Director Ed DeMarc...

Notorious Regulator May Be Removed If Obama Re-Elected: Report

Posted 10.24.2012 | Business

If President Barack Obama stays in the White House for a second term, a notorious Washington bureaucrat may be out. White House officials have been...

PHOTOS: Scenes From The American Housing Crisis

The Huffington Post | Posted 10.03.2012 | Business

The housing market remains in poor health, with more than 15 million homeowners owing more on their mortgages than their property is worth. As policym...

Will Your State Be Punished for Taking Foreclosures to Court?

National Council of La Raza | Posted 11.26.2012 | Latino Voices
National Council of La Raza

A plan to increase fees for states that provide judicial recourse for delinquent homeowners fails to take into account the complexities of the foreclosure crisis. If implemented, it will affect the 21 states that are judicial, meaning that a substantial number of future homeowners...

Hope Changed: Obama Owes Us An Explanation

Peter S. Goodman | Posted 11.02.2012 | Business
Peter S. Goodman

President Barack Obama owes us an explanation for why the economy has been working so much better for financial behemoths than it has for ordinary people.

VIDEO: Underwater Voters Have Message for Obama

Van Jones | Posted 10.16.2012 | Politics
Van Jones

Housing and foreclosures have been largely absent from the political debate, but they're about to break through in a big way. Battleground states like Nevada, Florida, Ohio, Colorado, Wisconsin, and North Carolina have been among the hardest hit by the housing crisis.

WATCH: John Cusack, Arianna Talk Foreclosure Crisis Fix

Posted 10.25.2012 | Business

John Cusack, the actor famous for roles in "Say Anything..." and "High Fidelity," joined Arianna Huffington on HuffPostLive Monday to discuss an innov...

Bonnie Kavoussi

'The Only Issue That I Can Remember That Timothy Geithner And Paul Krugman Both Agree On' | Bonnie Kavoussi | Posted 08.09.2012 | Business

A band of progressive leaders joined the mounting calls to fire America's housing policy chief Ed DeMarco Thursday. "You could have the biggest st...

Ben Hallman

DeMarco's Newest War | Ben Hallman | Posted 08.09.2012 | Business

Edward DeMarco has opened up a new front on his war against principal reduction. On Thursday, the Federal Housing Finance Agency, which DeMarco ov...