2012-01-17latimes.com

"In a letter to the White House last week, Brown echoed the concerns of more than two dozen House Democrats, arguing that the Federal Housing Finance Authority under Acting Director Edward DeMarco has "ignored" the Golden State's foreclosure crisis by "failing to exercise its full authority over residential mortgages underwritten by Fannie Mae and Freddie Mac," the housing finance agencies seized by the government in September 2008 as mortgage losses mounted."


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