DeMarco says FHFA will not consider principal write-downs

More than Subprime Resets: The Real Meaning of Two Waves The reason these resets are such a threat is because the “teaser” interest rate on them is so low, like as low as 1%, that the borrower is deferring both the interest and the principal, meaning that most of these loans have accrued NEGATIVE AMORTIZATION, meaning the borrowers arrive at the reset even deeper in the hole than when they started.Every so often I hear someone say in despair, "What is this world coming to?" This kind of comment usually comes in response to a doomsday report of some kind. But we shouldn’t be shocked or dismayed. The world is coming to exactly what Jesus said it would come to, and this actually gives us a lot of hope.

To hear certain parts of the press tell it, the acting director of the Federal Housing Finance Agency (FHFA), Ed DeMarco, announced that the agency is willing to consider wholesale write-downs of..

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.

To forgive or not to forgive – that is the question. Everyone is waiting for Ed DeMarco – director of the Federal Housing Finance Agency. for DeMarco to say no. With taxpayers taking on so much of.