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Regulator rebuts critics on housing help

Reuters – Fannie Mae’s and Freddie Mac’s regulator on Saturday rejected criticism he was obstructing a housing recovery by taking too narrow a view of his mission to protect the financial health of the two massive, taxpayer-supported mortgage firms.

October 30, 2011
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Acting director of the Federal Housing Finance Agency Edward DeMarco delivers testimony on robo-signing and foreclosures at a hearing of the Housing and Community Opportunity Subcommittee of the House Financial Service Committee, on Capitol Hill in Washington, November 18, 2010. REUTERS/Jonathan ErnstReuters – Fannie Mae’s and Freddie Mac’s regulator on Saturday rejected criticism he was obstructing a housing recovery by taking too narrow a view of his mission to protect the financial health of the two massive, taxpayer-supported mortgage firms.


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Regulator rebuts critics on housing help

Reuters – Fannie Mae’s and Freddie Mac’s regulator on Saturday rejected criticism he was obstructing a housing recovery by taking too narrow a view of his mission to protect the financial health of the two massive, taxpayer-supported mortgage firms.

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FILE - In this Oct. 18, 2011, file photo, Republican presidential candidate Rep. Michele Bachmann, R-Minn., speaks during a Republican presidential debate in Las Vegas. Key proposals from the Republican presidential candidates might make for good campaign fodder. But independent analyses raise serious questions about those plans and their ability to cure the nation’s economic and housing woes. Bachmann, during the debate said, in an answer that mentioned 'moms' six times, said foreclosures fall most heavily on women who are 'losing their nest for their children and for their family.' She said Obama 'has failed you on this issue of housing and foreclosures. I will not fail you on this issue.' Bachmann offered no specific remedies.(AP Photo/Chris Carlson, File)Reuters - Fannie Mae's and Freddie Mac's regulator on Saturday rejected criticism he was obstructing a housing recovery by taking too narrow a view of his mission to protect the financial health of the two massive, taxpayer-supported mortgage firms.


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