The Call To Fire DeMarco Renews

Big news this week. The Federal Housing Finance Agency released a report on their study on the effects of principal reduction and Edward DeMarco announced he would block efforts to reset home loans to fair market value. Here's what we said on the issue:
"More than 85,000 Rebuild the Dream members have signed a petition calling on  President Obama to fire Acting Director DeMarco, and thousands more have made phone calls to the White House. We value the administration's continued pressure on DeMarco to embrace principal reductions -- including Treasury's repeated offers to provide assistance and incentives -- but the time for more forceful action has come. This community will continue demanding that our leaders provide real hope to homeowners, including principal reductions that will keep families in their homes and expanded refinancing options that will save millions of homeowners hundreds each month." - Ian Kim, Managing Director of Rebuild the Dream
Want to catch up on the news surrounding Ed DeMarco? We have a miniature roundup ready for you:

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