Edward Demarco on Principal Reduction
Ed DeMarco talked about reducing loan amounts for some homeowners. In his remarks he said that Fannie Mae and Freddie Mac could see… read more
Ed DeMarco talked about reducing loan amounts for some homeowners. In his remarks he said that Fannie Mae and Freddie Mac could see benefits from principal reductions; however, he also said no final decisions have been made on principal reduction, and he defended other programs aimed at helping homeowners facing foreclosure. Afterward, he answered questions from the audience.
This was part of a Brookings Institution forum on the housing market and principal reduction. close
*The transcript for this program was compiled from uncorrected Closed Captioning.
People in this video
- Edward DeMarco Acting Director Federal Housing Finance Agency
- Karen Dynan Vice President Brookings Institution->Economic Studies
- Ted Gayer Co-Director Brookings Institution->Economic Studies
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