Posts Tagged ‘ Fannie Mae ’

Lawmakers To Housing Official: Help Homeowners — Or Else

March 6, 2012 10:21 pm
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Lawmakers To Housing Official: Help Homeowners — Or Else

A group of progressive lawmakers plan on Wednesday to call on an obscure-but-powerful federal housing official to help struggling homeowners — or resign instead. Members of the Congressional Progressive Caucus, including CPC co-chair Rep. Keith Ellison (D-Minn.), will join underwater homeowners from California, Colorado, Florida, Massachusetts and Washington State to demand that Federal Housing Finance Agency Acting Director Edward DeMarco commit to large-scale principal reduction for Fannie Mae and Freddie Mac mortgages or get out of the way for...

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