Statement of Edward J. DeMarco Director FHFA On the State of the U.S. Housing Market: Removing Barriers to Economic Recovery

Statement of Edward J. DeMarco, Acting Director
Federal Housing Finance Agency
Before the U.S. Senate Committee on Banking, Housing, and Urban Affairs
On the State of the U.S. Housing Market: Removing Barriers to Economic Recovery
February 28, 2012

Chairman Johnson, Ranking Member Shelby and members of the Committee, I am pleased to be invited here today to discuss the actions the Federal Housing Finance Agency (FHFA) has taken or will take in our role as Conservator for Fannie Mae and Freddie Mac (the Enterprises) to aid recovery of the U.S. housing market.

In my testimony, I will respond to the Committee’s request for a description of FHFA’s work as Conservator of the Enterprises to address barriers to housing recovery, including our leadership role in preventing foreclosures through loss mitigation, facilitating refinancing at today’s low interest rates, and initiating a real estate owned (REO) program to address the supply of foreclosed homes.

Full testimony below…

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4closureFraud.org

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On the State of the U.S. Housing Market: Removing Barriers to Economic Recovery

Comments
5 Responses to “Statement of Edward J. DeMarco Director FHFA On the State of the U.S. Housing Market: Removing Barriers to Economic Recovery”
  1. REMOVE BARRIERS?? REMOVE DeMARCO !

  2. DeMarco testified several years ago that Fannie and Freddie are private companies and therefore should not be subject to FOIA requests. These same:private companies consistently avoid paying property transfer tax (stamp tax) by claiming status as “public entities” r Will the real truth please stand up? FOIA request would lead to an easy search for “holder of the note” identities.

  3. readdocs says:

    The smoke and mirrors continue. The foxes are still guarding the hen house they are raiding.

  4. jaclyn says:

    Housing Market: Removing Barriers to Economic Recovery ..REMOVE DeMARCO…He is the barrier !

  5. jaclyn says:

    Can this get any more vague ??

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