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Edward Demarco Fhfa

Tough Fight Over Obama Pick May Be Win-Win For White House

Reuters | Posted 08.20.2013 | Politics

By Margaret Chadbourn WASHINGTON, June 20 (Reuters) - President Barack Obama's pick to oversee mortgage financiers Fannie Mae and Fre...

Ben Hallman

San Bernardino Eminent Domain Fight Closely Watched By Other Struggling Communities | Ben Hallman | Posted 09.25.2012 | Business

SAN BERNARDINO, Calif. -- This old railroad town in the heart of the Southern California foreclosure belt doesn't attract many visitors these days, es...

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...

Fannie Mae's Approval of Mortgage Principal Reductions Gets the Silent Treatment

Anna Cuevas | Posted 07.04.2012 | Money
Anna Cuevas

Edward DeMarco, Acting Director of the FHFA, indicated that additional analysis would have to be performed to determine the long-term benefits of principal reductions.

Michael McAuliff

Dems: Mortgage Boss Hid Proof Obama's Mortgage Breaks Would Save Billions | Michael McAuliff | Posted 05.01.2012 | Politics

WASHINGTON -- Democrats on the House Oversight Committee on Tuesday accused the head of the Federal Housing Finance Agency -- who has refused to follo...

Principal Reduction: But One Tool for Home Repair

Jared Bernstein | Posted 10.25.2012 | Business
Jared Bernstein

Suppose you are going to repair your damaged home and your only tool on hand is a roll of duct tape. Your resourceful neighbor points out that you could probably also use a hammer, a drill, and a saw. If you're the FHFA, you tell him, "I can do a better job with just my duct tape, so thanks but no thanks." That, in a nutshell, is the problem with the most recent analysis by this key regulator of the mortgage giants Fannie Mae and Freddie Mac when it comes to adding the tool of principal reduction to their anti-foreclosure toolkit. They've made progress in their evaluation of the costs and benefits of loan forbearance and loan forgiveness, but, somewhat bewilderingly, they appear to be comparing the two as if they were mutually exclusive.

The $28 Billion Man: Senator Shelby's Anti-Homeowner Deficit Spree

Richard (RJ) Eskow | Posted 05.02.2012 | Politics
Richard (RJ) Eskow

Republicans love to say that nothing's more important than cutting the Federal deficit. So why is Sen. Richard Shelby wasting $28 billion of taxpayer money?