Relevant:
- Edward DeMarco Threatens Action Against Communities Weighing Principal Reduction Proposal
- Below the Fold: Ed DeMarco Should Do His Job -- It's a Matter of Principal
- Congressmen: "DeMarco Lying About Principal Reductions"
- White House Must Free Fannie Mae, Freddie Mac On Principal Reduction, Remove Ed DeMarco
- Principal reduction isn't ideal fix for foreclosures, official says
2012-07-31 — mortgagenewsdaily.com
In a letter to the Chair and Ranking Member of the Senate Committee on Banking, Housing, and Urban Affairs DeMarco rebuffed an offer to use funds from the Toxic Asset Relief Program (TARP) to assist borrowers and said, "After much study, I have concluded the Fannie Mae and Freddie Mac's adoption of HAMP PRA would not make a meaningful improvement in reducing foreclosures in a cost effective way for taxpayers."
source article |
permalink |
discuss |
subscribe by:
|
RSS |
email 
Comments: Be the first to add a comment
add a comment | go to forum thread
Note: Comments may take a few minutes to show up on this page. If you go to the forum thread, however, you can see them immediately.