To: The United States Senate
Tell the Senate: No Obstruction; Confirm Mel Watt!
Mel Watt would replace Edward DeMarco, who as Acting Director of the FHFA (Federal Housing Finance Agency) has steadfastly opposed permanent reduction on loans backed by Fannie and Freddie.
Head off Republican obstruction -- Tell the Senate: CONFIRM Mel Watt.
Head off Republican obstruction -- Tell the Senate: CONFIRM Mel Watt.
Why is this important?
I could lose my home in Florida because it is underwater and my mortgage payments are too large for me to handle since the economic recession has severely shrunk my retirement investments. Reducing the mortgage principal to the actual value of my home would shrink my mortgage payments to a manageable level.