Economy

DeMarco Hints at Principal Reduction Decision

The director of the Federal Housing Finance Agency (FHFA) announced today that with additional incentives, funded through TARP, a program of principal forgiveness through Fannie Mae and Freddie Mac, the Government-Sponsored Enterprises (GSE), might now make more sense. While making no official announcement, FHFA Director Edward DeMarco said that the additional funds would make such … Continue reading