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Edward Demarco

America's Top Housing Official Must Aid Struggling Homeowners

Preeti Vissa | Posted 07.14.2012 | Business
Preeti Vissa

The rest of the country is inching forward on tangible progress, but Edward DeMarco could do more than anyone. The need is as urgent now as it ever was.

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...

DeMarco Speaks! (With Closed Captioning for the Mortgage-Impaired)

Richard (RJ) Eskow | Posted 06.10.2012 | Politics
Richard (RJ) Eskow

DeMarco's still an unelected ideologue with too much power, and he still needs to go. But yesterday, he finally spoke up. To anyone with the right political or emotional closed-captioning device the message was loud and clear: Don't rush me, Mr. President -- and find yourself another fall guy.

Ben Hallman

Top Housing Regulator Not Ready To Back Off Unpopular Stance | Ben Hallman | Posted 04.10.2012 | Business

Edward DeMarco isn't ready to blink yet on principal reductions, even though doing so could save Fannie Mae and Freddie Mac $1.7 billion. On Tuesd...

DeMarco Needs to Get to Work or Get a New Job

Mary Jo Kilroy | Posted 05.29.2012 | Business
Mary Jo Kilroy

The Federal Housing Finance Agency needs to stop being an obstacle and instead empower Fannie Mae and Freddie Mac to take reasonable measures to rewrite underwater mortgages, including principal reductions.

Clock Ticks for DeMarco

Gordon Whitman | Posted 05.21.2012 | Business
Gordon Whitman

Ed DeMarco is overdue on his promise to tell whether he will reverse his stubborn opposition to principal reduction -- a practice that allows underwater homeowners to refinance their mortgages at the real value of their homes.

Take a Load Off, Fannie: Principal Reduction Is Overdue

David M. Abromowitz | Posted 05.10.2012 | Business
David M. Abromowitz

There's a growing consensus among economists, investors, academics, and consumer advocates that more "principal reduction" can help avoid another wave of costly and economy-crushing foreclosures.

Ben Hallman

Time to Pack? Foreclosure Starts On The Rise | Ben Hallman | Posted 03.08.2012 | Business

Looks like the mortgage industry is ready to snake out a foreclosure pipeline clogged with millions of defaulted home loans. Foreclosure starts on...

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?

Ben Hallman

Housing Regulator Won't Heed President Obama On Foreclosure Fix | Ben Hallman | Posted 02.28.2012 | Business

High-level efforts to convince federal housing regulator Edward DeMarco to support a foreclosure prevention technique championed by the Obama administ...

Ben Hallman

Pressure Mounts On This Man | Ben Hallman | Posted 02.27.2012 | Business

Having failed to get Fannie Mae and Freddie Mac on board helping struggling homeowners in California, Attorney General Kamala Harris is trying a new t...

More DeMarco Outrage: You Won't BELIEVE Who He's Considering for Fannie CEO

Richard (RJ) Eskow | Posted 04.23.2012 | Business
Richard (RJ) Eskow

Fannie Mae is currently hunting for a new CEO. Which names are at the top of the list?

Ben Hallman

Homeownership: Huge, Expensive Habit No One Can Break | Ben Hallman | Posted 02.22.2012 | Business

Like many dangerous addictions, the government's reliance on Fannie Mae and Freddie Mac to make real the American dream of homeownership has turned in...

Ben Hallman

Shaun Donovan Still Hopes Fannie Mae, Freddie Mac Will Forgive Homeowner Debt | Ben Hallman | Posted 02.16.2012 | Business

After a year of arguing with Fannie Mae and Freddie Mac over the benefits of loan write-downs, the Obama administration is taking another approach: sh...

Edward DeMarco: The Ideologue Who's Holding Homeowners -- and the Economy -- Hostage

Richard (RJ) Eskow | Posted 04.15.2012 | Politics
Richard (RJ) Eskow

Why is Edward DeMarco still in this important post? We need leaders to solve our housing problem. Instead, this responsibility has been left in the hands of an ideologue whose deregulatory dream world is made up of nothing but rainbows.

Time for New Leadership at Fannie and Freddie: Obama Should Side With Homeowners Over Wall Street

Gordon Whitman | Posted 04.08.2012 | Business
Gordon Whitman

Large-scale principal reduction is a win-win for homeowners and the economy. It would stabilize housing values and prevent foreclosures, while putting cash in the wallets of struggling families.

Regulator: Fannie, Freddie Million-Dollare Bonuses Are Necessary

Posted 01.23.2014 | Business

The regulator for Fannie Mae and Freddie Mac on Thursday defended their million-dollar executive bonuses which have come under fire given huge los...

Mike Sacks

California Attorney General Urges Fannie And Freddie Chief To 'Step Aside' | Mike Sacks | Posted 10.25.2012 | Politics

California Attorney General Kamala Harris has called on the head of the agency that houses Fannie Mae and Freddie Mac to "step aside" if he continues ...

Regulator Rejects Notion He Obstructed A Housing Recovery

Posted 12.30.2011 | Business

WASHINGTON (Margaret Chadbourn) -- Fannie Mae's and Freddie Mac's regulator on Saturday rejected criticism he was obstructing a housing recovery b...

Regulator Defends Millions In Fannie, Freddie Legal Fees

AP | ALAN FRAM | Posted 05.25.2011 | Business

WASHINGTON — The federal regulator overseeing Fannie Mae and Freddie Mac stood by his approval of millions of taxpayer dollars for legal fees de...

Would-Be Fannie, Freddie Reformer Faces Uphill Climb If Confirmed

The New York Times | GRETCHEN MORGENSON | Posted 05.25.2011 | Business

If this Mr. Smith goes to Washington as head of F.H.F.A., he will face a monumental challenge at a crucial time: how to protect taxpayers from even gr...