Relevant:
- Tim Geithner's principal hypocrisy
- White House Must Free Fannie Mae, Freddie Mac On Principal Reduction, Remove Ed DeMarco
- DeMarco Says Principal Writedowns May Save FHFA $1.7 Billion
- Edward DeMarco Threatens Action Against Communities Weighing Principal Reduction Proposal
- Fannie, Freddie leader's mortgage-cutting dilemma
2012-08-04 — nytimes.com
Do it now.
Who? you ask. DeMarco heads the Federal Housing Finance Agency, which oversees Fannie and Freddie. And he has just rejected a request from the Treasury Department that he offer debt relief to troubled homeowners — a request backed by an offer by Treasury to pay up to 63 cents to the FHFA for every dollar of debt forgiven.
DeMarco’s basis f
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