Senator Warren Asks FHFA Director Mel Watt About Principal Reduction

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Senator Warren Asks FHFA Director Mel Watt About Principal Reduction

Senator Warren Asks FHFA Director Mel Watt About Principal Reduction

“The Federal Housing Finance Agency is supposed to help underwater homeowners, but for 6 years it has not allowed Fannie Mae and Freddie Mac to help a single family by reducing the principal on their mortgage. Today I asked the FHFA director: How many more families have to lose their homes before you act?”

 

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One Response to “Senator Warren Asks FHFA Director Mel Watt About Principal Reduction”

  1. Charles Reed says:

    This is BS and now Sen Warren is us to make a name for herself for a possible Presidential run. She talks of Watt having been in office a year and not doing anything about the underwater homeowners, however she been in office 2 years and not gotten answers to the questions she asked Justice, Fed & OCC as to the illegal foreclosure that were reviewed by these agencies and the Independent (wink wink) Foreclosure Review Board?

    Just as Obama set up some badly working HAMP, are we waiting another 2yrs and them electing another Hope & Change figurehead?

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