By Tanya Dennis Representative Mel Watt, Democrat Representative from North Carolina was named to replace Ed DeMarco on May 1st as the head of the Federal Housing Finance Agency (FHFA) after a year of protests from housing activists. Massachusetts … “These federal government loans constitute nine out of every 10 loans in our country, and folks were losing their homes left and right because they couldn't effectively modify their note so that it was affordable.
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Obama Dumps FHFA's DeMarco, Appoints Watt; New York Sues …