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    DeMarco Signals a Better Housing Policy by Putting Taxpayers First

    Ed DeMarco, the acting director of the Federal Housing Finance Agency (FHFA), got it right by putting taxpayers’ interests ahead of the Obama Administration’s wishes. DeMarco, whose agency controls Fannie Mae and Freddie Mac, says that the anticipated benefits of reducing loan amounts of underwater mortgages “do not outweigh the … More

    Proposed Mortgage Refinance Plan Would Help Only a Few

    They are at it again. Despite numerous unsuccessful tries to develop a government-facilitated plan to refinance problem mortgages, another one appears to be on the horizon. This one, currently being considered by state and federal officials and large mortgage lenders, has a better focus than earlier versions, but would at … More