Posts Tagged ‘Edward DeMarco’

Homeowners: Start Your Emails… This is Your Chance for $50 Billion Principal Reductions

Homeowners: Start Your Emails... This is Your Chance for $50 Billion Principal Reductions

Please take this chance to make your voice heard, and tell everyone you know whose home is underwater they should do the same. We screamed our heads off about AIG bonuses, both in the streets and in the tens... (Continue reading)

BYE-BYE DEMARCO! Obama to Replace Director of FHFA

BYE-BYE DEMARCO!  Obama to Replace Director of FHFA

The mortgage market is not just dominated by the government, the mortgage market is the government, and that’s not just here in the US, it’s everywhere. Governments are the lenders of ONLY resort. ... (Continue reading)

If FHA’s losses are due to bad economy, why is Fannie blaming borrowers in lawsuit against Bank of America?

If FHA's losses are due to bad economy, why is Fannie blaming borrowers in lawsuit against Bank of America?

Of course, what Bachus fails to mention is that if our government had done ANYTHING RIGHT in terms of dealing with the economic crisis that started in 2007… if even ONE of the programs that have been implemented over the... (Continue reading)

What is Ed DeMarco Thinking?

What is Ed DeMarco Thinking?

Edward DeMarco of the FHFA is the conservator for the GSEs, Fannie Mae and Freddie Mac. At this point the president, the Secretary of the Treasury, and many in congress have asked him about participating in anything... HAMP, principal... (Continue reading)

HAMP 2 is HERE – Some say it’s the best HAMP yet, and they’re probably right about that.

HAMP 2 is HERE – Some say it’s the best HAMP yet, and they’re probably right about that.

This newly renovated version of HAMP has been touted as being a major improvement to the HAMP program, and in many ways it is significantly better. ... (Continue reading)

We know they’re not evil, because they’re simply not smart enough to be evil.

We know they’re not evil, because they’re simply not smart enough to be evil.

The European bankers are no different than is the FHFA, which is led by Ed DeMarco, the guy stopping Fannie and Freddie from reducing principal balances of mortgages. He says he won’t do it because his job is to... (Continue reading)

Atty. Gen. Kamala Harris ASKS Fannie and Freddie to Stop Foreclosing

 Atty. Gen. Kamala Harris ASKS Fannie and Freddie to Stop Foreclosing

Actually, I don’t even know if she can pull off that angry black woman thing, but that’s exactly what we need at a time like this. You think Weezy Jefferson would be putting up with some nerdy pasty white... (Continue reading)

Freddie Mac’s Crimes Against Homeowners are NOT an Isolated Incident

Freddie Mac’s Crimes Against Homeowners are NOT an Isolated Incident

ProPublica is reporting that Freddie Mac has been placing “multi-billion dollar bets designed to only pay off when homeowners remain “trapped” in high interest rate loans, and that the government-owned mortgage monster began increasing such bets late in 2010, which... (Continue reading)

DeMarco of the FHFA… Like when the baby gets a hold of a hammer.

DeMarco of the FHFA... Like when the baby gets a hold of a hammer.

So, I’m bringing all of this up because Mr. Edward DeMarco, who is just the "acting" director of the independent federal agency that placed both Fannie Mae and Freddie Mac into conservatorship in the fall of 2008, has actually become... (Continue reading)

FHFA Subpoenas Data from 64 Issuers of Mortgage Backed Securities

FHFA Subpoenas Data from 64 Issuers of Mortgage Backed Securities

Uh oh. Someone’s gonna’ be in big trouble… as in… Lucy, you got some ‘splainin’ to do. Is it warm in here all of a sudden?... (Continue reading)

Tagged with:                                                                                                                                                     

Page Rank