This man is Ed DeMarco.
He’s the acting head of the Federal Housing Finance Authority (FHFA). He’s going to lose his job in the next six weeks.
Democrats want to go back to the good old days when Fannie and Freddie were tools of both the Congress and the Administration. The Dems want the D.C. mortgage agencies to write off all underwater loans. The goal is to socialize the losses that borrowers are faced with.
DeMarco has been under attack by the liberal wing of the Democratic Party for the better part of a year. Democrats have wanted debt relief for underwater homeowners. DeMarco’s job as the head of the FHFA is to “minimize taxpayer losses at Fannie and Freddie”. As a result, he has a conflict with broad based principal reductions. “Very Important People”, like Paul Krugman, have been attacking De Marco for months.
He’s the acting head of the Federal Housing Finance Authority (FHFA). He’s going to lose his job in the next six weeks.
Democrats want to go back to the good old days when Fannie and Freddie were tools of both the Congress and the Administration. The Dems want the D.C. mortgage agencies to write off all underwater loans. The goal is to socialize the losses that borrowers are faced with.
DeMarco has been under attack by the liberal wing of the Democratic Party for the better part of a year. Democrats have wanted debt relief for underwater homeowners. DeMarco’s job as the head of the FHFA is to “minimize taxpayer losses at Fannie and Freddie”. As a result, he has a conflict with broad based principal reductions. “Very Important People”, like Paul Krugman, have been attacking De Marco for months.
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