DeMarco says FHFA will not consider principal write-downs

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Housing Finance Boss Blocked Principal Reductions, Hid Data. – The Obama administration has advocated such reductions of principal, but DeMarco has remained steadfast against them, calling write-downs the "least effective tool in the toolbox." Just last week his agency indefinitely delayed a decision on write-downs.

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Fannie, Freddie Weigh Mortgage Write-Downs : NPR –  · DeMarco says he expects to decide whether Fannie and Freddie will do principal write-downs in the next few weeks. Related NPR Stories Fannie, Freddie Consider Mortgage Write-Downs.

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States Say Federal Housing Finance Agency Is “Direct. – States Say Federal Housing Finance Agency Is “Direct Impediment To Economic Recovery”. calling for removal of acting FHFA head Edward DeMarco.. to consider principal write-downs as part.

DeMarco: FHFA Is Weighing The Costs Of Write-Downs – Edward DeMarco, acting director of the Federal Housing finance agency (fhfa), has signaled that the agency is weighing the costs of reversing its longstanding refusal to consider mortgage principal reductions. In a speech delivered today before the Brookings Institution in Washington, D.C., DeMarco.

FHFA Responds, in Principal, to Critics – Principal write downs have been labeled a possible solution to underwater mortgages, but the FHFA has resisted. The Federal Housing Finance Administration and its Acting Director, Edward DeMarco, have been receiving some considerable heat from analysts and members of Congress for their refusal to consider principal write downs for homeowners.

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Housing secretary says FHA faces big risks – FHFA has yet to say whether the financial support is enough to offset any increased costs Fannie Mae and Freddie Mac might face if they undertake a principal reduction program. Still, DeMarco did not.

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FHFA chief DeMarco loosens up a bit on principal reduction –  · The top regulator for 60 percent of America’s home mortgages opened the door a bit on helping underwater homeowners through principal reduction, but he’s not totally on the bus yet.

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FHFA Not Planning Principal Write-Downs | GlobalCapital – Edward DeMarco, director of the Federal Housing Finance Agency, said the FHFA is not considering principal write-downs for underwater borrowers."Principal forgiveness does not accomplish our.

Principal Reduction: A Matter of Analysis or Ideology for DeMarco? – and John Tierney (D-Massachusetts) received, ""FHFA"":http://www.fhfa.gov/ Acting Director Edward DeMarco’s reason for not allowing principal reduction. ""The fact that FHFA continues to consider.

Fannie, Freddie Consider Mortgage Write-Downs | NCPR News – Fannie, Freddie Consider Mortgage Write-Downs. Fannie Mae and Freddie Mac have concluded that giving homeowners a big break on their mortgages would make good.