DeMarco says FHFA will not consider principal write-downs

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Ultra-high-end foreclosures up 61% in 2013 Admittedly, the number of ultra high-end properties that have received a foreclosure notice in 2013 is only 200 compared to the 1.2 million properties served with foreclosure papers this year, but.NPR Offers Remedial MBS Analysis for Regulators They also developed high standards for loans that they themselves would buy and then package into mortgage-backed securities (MBS). They sold these pools of "conforming" loans to institutional.

Fannie, Freddie Consider Mortgage Write-Downs .. Financial executives at Freddie Mac and Fannie Mae say principal reduction for many homeowners facing foreclosure would prevent larger losses and keep people in their homes..

JPMorgan battles falling refi volumes Foreclosures down for third straight month as lenders manage backlog: RealtyTrac DeMarco says FHFA will not consider principal write-downs S&P Case-Shiller home prices jump most since 2006 The S&P/Case-Shiller Home Price Index of 20 big metropolitan areas rose a seasonally adjusted 1.1% from February to.

Edward DeMarco: "Maintaining Housing Finance in a World of Uncertainty" The Federal Housing Finance Agency opened yet another. (ii) Examples of actions that do not violate this paragraph (b)(1) include: (A) Asking an appraiser to consider additional information about a.

States Say Federal Housing Finance Agency Is "Direct Impediment To Economic Recovery". calling for removal of acting FHFA head Edward DeMarco.. to consider principal write-downs as part. Obama to Replace DeMarco at FHFA posted by Alan White.. for example on principal write-downs and cracking down on mortgage servicer errors and abuses.

DeMarco says FHFA will not consider principal write-downs COMMITTED: Freddie Mac aims for 75% reduction in short-sale timelines California’s housing affordability crisis isn’t going away california state senator scott Wiener is pushing a bill that would. And he says that housing within walking distance of mass transit shouldn’t be single.

While not as critical an issue as, say. Mac FMCC to reduce principal on loans. Democrats have been stepping up pressure on the Federal Housing Finance Agency (FHFA), the conservator of the two.

FHFA Says No to Principal Reductions. not clearly improve foreclosure avoidance while reducing costs to taxpayers relative to the approaches in place today," DeMarco said. The FHFA has long resisted plans to forgive borrowers’ mortgages, but the administration ramped up pressure on DeMarco to.

FHFA’s DeMarco has said before that he believes a potential 1 million borrowers could qualify for principal relief at the GSEs. This is not a number to be scoffed at, but not nearly large enough to.