To: Ed Demarco, Head of Federal Housing authority
Saving the Homeowner
Ask Ed Demarco to change his position with Fannie Mae and Freddie Mac so that they will allow capital write downs.
Save Home owners from being displaced and forcing them short sale or forclose on homes they cannot afford.
Why is this important?
Fannie Mae and Freddie Mac should decrease the capital amount owed by under water home owners. Doing this could keep roughly 500,000 home owners from losing their residence and uprooting their families. Ed Demarco, head of Federal Housing Authority, should change his position and keep these houses from hitting foreclosure or short sale status.