Edward J. DeMarco, who oversees Fannie Mae and Freddie Mac, has infuriated many by refusing to tell the home loan giants to reduce the amounts owed by distressed homeowners.WASHINGTON — A little-known career bureaucrat temporarily filling a key government job has emerged as the person with the most impact on the nation's battered housing market — and is rapidly making enemies.
Federal Regulator Stands By His Principles On Principal Reduction
By Jim Puzzanghera, Los Angeles Times, Chicago Tribune: Business
Thu, 03/29/2012 - 9:17pm
RELATED ARTICLES
- US home sales rebound slightly in February
U.S. home sales picked up slightly in February but remain sluggish due to tight inventories, affordability problems and nasty winter weather. More - Vanilla Ice charged with burglary in Florida
Vanilla Ice has been charged with breaking into and stealing from an abandoned home that is in foreclosure in Florida. More - US home building is surging, but job growth isn't
The resurgent U.S. housing market has sent builders calling again for Richard Vap, who owns a drywall installation company. Vap would love to help - if he could hire enough qualified people. "There is a shortage of manpower," says Vap, owner of South Valley Drywall in Littleton, Colo. More - New home sales rise, housing recovery still on track
Sales of new single-family homes rose in March, indicating the housing market recovery remains on track. More - Existing home sales edge down, prices rise
Home resales edged downward in March, a pause in the housing market recovery that has helped boost the economy. More
Welcome to Wopular
Wopular is an
online newspaper rack,
giving you a summary view of the top headlines from the top news sites.
Senh Duong (Founder)
Wopular,
MWB,
RottenTomatoes
MoviesWithButter : Our Sister Site
- "Expendables 4" Starts Shooting This Fall, Says Randy Couture at the Arnold Sports Festival more
- “Expendables 4” Gets Funding Interest from “Ip Man 3” Financier more
- "Ip Man 3" Distributor Suspected of Box Office Fraud, Parent Company Loses $200M in Market Cap more
- Yen Targets "Ip Man 4" for 2018 Release; Discusses Film with Director, Producer more
- "Ip Man 3" Shatters Expectations with $72M Opening [China Box Office] more