Rep. Lofgren & CA Democratic Congressional Delegation Denounce FHFA Acting Dir. DeMarco’s Failure to Help Underwater Homeowners

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By California RealEstateRama -

Washington, DC – August 1, 2012 – (RealEstateRama) — Today 32 Members of the California Democratic Congressional Delegation, led by Rep. Zoe Lofgren (D-CA), released the following statement in response to Acting Director of the Federal Housing Finance Agency (FHFA) Ed DeMarco’s decision to prevent Fannie Mae or Freddie Mac from offering mortgage principal write-down relief for underwater homeowners:

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