Richard Zombeck-
Acting Federal Housing Finance Agency (FHFA) Director Ed DeMarco has not been shy about letting underwater homeowners sink. This week, he made it painfully clear that despite the Administration calling for principal reduction, he would have no part of it. His reasoning appears to be more out of contempt for borrowers and the minions whose loans are held by Fannie and Freddie Mac than any legitimate business or accounting decision.
Since 2008, DeMarco has run the FHFA as an independent regulator of the now government (and taxpayer) owned Fannie Mae and Freddie Mac. Over the past year DeMarco has been under pressure by liberal advocates, congressman, and journalists to use his position and authority to help struggling homeowners.
© 2010-19 FORECLOSURE FRAUD | by DinSFLA. All rights reserved.
Zombeck is being just a lil’ disingenuous. A more thorough post would have included the ‘Bankster protection racket.’ What’s Obama’s problem? Tim Geithners? Changes to the Bankruptcy code would allow homeowners to preserve their housing, and most appropriately force the Banksters to a long overdue portion of eating crow and facing reality. However, it remains taboo, both by Democrat or Republican front groups, and the superficial media to even mention a solution. This is propaganda, a deliberate suppression of your rights.
Finally, the election is closer than ever, foreclosure fraud isn’t even mentioned during these ‘blame DeMarco’ editorials.