Tag: principal reduction
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
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...
“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...
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. ...
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...
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,...
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...