New Bottom Line Statement on Fannie Mae and Freddie Mac’s Support for Mortgage Principal Write-Downs

Washington, DC—(ENEWSPF)—March 23, 2012.  For months, more and more community leaders, clergy, economists, members of Congress, local elected officials, and homeowners have been calling on Fannie Mae and Freddie Mac to write down principal for underwater homeowners.  Edward DeMarco, the Acting Director of the Federal Housing Finance Agency, which regulates both entities, has refused.