House Democrats Lambast FHFA For Not Giving Up Docs

Law360, New York (January 18, 2012, 8:10 PM EST) -- Two Democratic members of the U.S. House of Representatives Oversight and Government Reform Committee on Wednesday blasted the government agency that runs mortgage giants Fannie Mae and Freddie Mac for failing to turn over documents explaining why it would not cut principals for struggling borrowers.

Although the Federal Housing Finance Administration's acting director Edward DeMarco promised weeks ago to submit documentation backing up his refusal to offer loan modifications to homeowners facing foreclosure, the FHFA has so far “failed to provide even a single document,” according...
To view the full article, register now.