Richard Eskow Discusses Edward DeMarco, Key Obstructionist On Mortgage Relief
Richard Eskow examines the man who is standing in the way of mortgage relief for millions of struggling families, Edward DeMarco of the Federal Housing Finance Agency, on "The Majority Report" with Sam Seder. Despite being a appointee of President George W. Bush, resistance from Congress to confirm President Obama’s choice of a successor has left DeMarco as the acting director of the FHFA. By blocking Fannie Mae and Freddie Mac’s ability to reduce principal or interest rates, DeMarco has blocked real mortgage relief to families facing foreclosure or who are financially under water. Eskow also discuses what the FHFA could do to expand opportunities for home ownership and rental housing to middle-class Americans.