Relevant:
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- Edward DeMarco Threatens Action Against Communities Weighing Principal Reduction Proposal
- Fannie, Freddie Regulator: Principal Forgiveness Not Our Mandate
- DeMarco Says Principal Writedowns May Save FHFA $1.7 Billion
2012-04-30 — sfgate.com
Ed DeMarco, the man who oversees Fannie Mae and Freddie Mac, is still mulling whether to allow permanent principal reductions on mortgages owned or guaranteed by the taxpayer-supported entities.
DeMarco, acting director of the Federal Housing Finance Agency, said he would have a decision by the end of April, but on Friday his spokeswoman said the decision "is being deferred" while the agency "continues to work on its principal forgiveness analysis."
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