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DeMarco departs FHFA

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Mortgage Professional America | 25 Mar 2014, 04:07 AM Agree 0
The former acting director of the Federal Housing Finance Agency is leaving at the end of April, it was announced Monday
  • Tom Key | | 26 Mar 2014, 12:46 PM Agree 0
    DeMarco's tenure is remarkable. His rigidly ideological indifference to facts managed to cause the Economic Collapse, prolong its effects, and postpone the Recovery, while permitting the Statutes of Limitations to run on the deliberate criminality of the "investment bankers" who he was protecting. His agency refused to aid the homeowners or investors, or his own agency which was underwriting the FRAUD of the profiteering "lenders". He should have led the march against the deceptive marketing, misrepresented securitizations, and the perjured foreclosures. He chose to enable the banksters (making false mortgages and selling worthless securities) to cash out and remove 40 trillion middle class equity from the US Economy to offshore tax-free havens.
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