Why the Obama administration’s FHFA pick doesn’t matter. For the first time in 27 months, America has a nominee to run the Federal Housing Finance Agency, the federal conservator for government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac. Yesterday, President Obama nominated Mel Watt, a 20-year Congressman from North Carolina, to replace Ed DeMarco, who […]
David Dayen
David Dayen is a freelance writer based in Los Angeles, CA.
Posted inPolitics
The Government Whiffs, Again, on Mortgage Servicer Abuse
Since the foreclosure crisis began six years ago, homeowner advocates advanced two priorities: accountability for the fraud and abuse that took place, and safeguards to ensure it never happens again. There has been little if any progress on the former, but a spate of new rules from the Consumer Financial Protection Bureau represent a serious […]
