net worth sweep Fannie Mae Freddie Mac

Fannie Mae and Freddie Mac: DeMarco Rejects Obama Mortgage Plan

The Federal Housing Finance Agency (FHFA) acting director has criticized the government's plan to allow mortgage defaulters that contributed to the collapse of the housing industry keep hold of their homes, by reducing the loan principle. According to Forbes, Edward DeMarco is of the opinion that the anticipated benefits from the Obama plan do not outweigh the risks and associated costs.

The FHFA, took the ranks . . .

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