Time for Edward DeMarco to Do His Job—or Go
Edward DeMarco might be the most powerful person you’ve never heard of.
As the acting director of the Federal Housing Finance Agency (FHFA), DeMarco oversees many of the country’s mortgages through Fannie Mae and Freddie Mac. He has an enormous opportunity to help millions of homeowners who have been hurt by the housing crisis. But will he?
There’s a growing movement to encourage DeMarco to start reducing the principal on underwater mortgages. Families aren’t asking for a handout—they just can’t afford to pay for mortgages that cost more than their house is worth. After a devastating recession driven by a housing collapse, millions are hurt by high mortgage payments or even are at risk of foreclosure. It’s time for DeMarco to do what he can to help.
Tell Edward DeMarco to stand up for homeowners—or, if he won’t, to quit.
The FHFA could take a huge step to help our economy. Edward DeMarco needs to hear from you—tell him you won’t accept anything less.