Lawmakers Seek FHFA Urgency on Obama Foreclosure Plan
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The regulator overseeing Fannie Mae and Freddie Mac is dragging its feet on a plan to help homeowners refinance into cheaper mortgages, members of the House of Representatives said in a letter.
The two lawmakers, both Democrats, sent the letter today to Edward DeMarco, acting director of the Federal Housing Finance Agency, requesting that he meet with them after what they called a “disappointing” meeting with lower-level FHFA staff.