What would it take to save millions of homes and billions of dollars in taxpayer money? Replacing one manEdward DeMarco, the acting head of the Federal Housing Finance Agency (FHFA).
DeMarco, a Bush appointee to the FHFA, is refusing to do the one thing that could get the economy back on track: allowing homeowners to adjust their Fannie and Freddie mortgages to real home values.
He's been operating under the radar, but now the calls for him to be replaced are increasing. President Obama has an important opportunity during the next congressional recess to replace DeMarco with someone actually willing to help homeowners and taxpayers.
Sign this petition encouraging the president to take the bold step of replacing DeMarco with someone who'll do the right thing for the economy and the 12 million families who are in danger of losing their homes.
A compiled petition with your individual comment will be presented to President Obama.
Full petition text:
"Dump DeMarco. Recess-appoint a new head of the FHFA who will do right by homeowners by allowing principal reduction."
Please submit unanswered questions here: http://pol.moveon.org/feedback/
The " Dump DeMarco: Appoint A New Head Of The FHFA " campaign is brought to you by MoveOn.org Political Action™.