Acting FHFA Director Ed DeMarco is opposed to resetting mortgages to fair market value at Fannie Mae and Freddie Mac. He is single-handedly dragging down our country’s economic progress.
It’s time for Ed DeMarco to be straight with the American people. President Obama, you read 10 letters from Americans everyday. It’s time for DeMarco to face the people he serves too. For every day that DeMarco continues to block principal reduction and remain in office, make him call 10 underwater homeowners and explain why he is unfairly driving them further into debt and out of their homes.
President Obama, for every day that DeMarco remains in office, millions of people suffer. It’s time to fire Ed DeMarco and announce his replacement with someone who will support principal reduction immediately.