principal reduction

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Wayne Meyer, president of New Jersey Community Capital.

Interview with Wayne Meyer, President of New Jersey Community Capital

New Jersey Community Capital shakes up our ideas of how nonprofit housers can and should approach neighborhood stabilization

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DeMarco Replacement Named, CBO Supports Principal Reductions

We've heard noises before that President Obama might nominate Rep. Melvin Watt (D-N.C.) to replace Ed DeMarco as director of the Federal Housing Finance Agency, the agency the regulates Fannie […]


“Political Lift”: An Interview with Rep. Keith Ellison

As we head into the election home stretch, pieces of Rep. Keith Ellison’s interview with Shelterforce in our latest issue keep coming to mind. Ellison is both a committed advocate for […]


Interview with Senator Robert Menendez

Shelterforce talks with Sen. Robert Menendez about the ongoing federal response to the housing crisis, the Sustainable Communities Initiative, the Occupy movement, and more.


Principal Forgiveness: Not a Complicated Matter

I’m looking at loan modification papers for homeowners who recently came to ESOP for help on their delinquent mortgage.  I’m struggling to understand what I’m looking at because it seems […]


FHFA: Get in the Business of Restoring Home Opportunity

It is disheartening to watch the enormous diversion of attention and energy focused on persuading the Federal Housing Finance Agency to give Fannie Mae and Freddie Mac the green light […]


Effective Housing Reform Includes Loan Forgiveness

In April, when Ed DeMarco, the acting director of the FHFA, offered consummately ambiguous remarks during a Brookings Institute event, he spoke from a PowerPoint of figures charting whether or […]


No More Excuses: Principal Reduction Will Give Relief to American Homeowners

One by one, the excuses have fallen. Yet Edward DeMarco, acting head of FHFA, the agency that runs Fannie Mae and Freddie Mac, still fails to offer the most effective […]