Richard Morris is an experienced financial services executive. In addition to an extensive career in banking, he was Vice President of Strategic Initiatives for Fannie Mae from July 2006 until May 2011.
The Washington Post waded into the principal reduction battle yesterday, endorsing Federal Housing Finance Agency Acting Director Edward DeMarco’s refusal to allow Fannie Mae and Freddie Mac to write down principal balances on delinquent underwater mortgages. The Post editorial endorsed what is a fatally flawed assessment by FHFA of the large potential savings to taxpayers […]
Overview Edward DeMarco, acting director of the Federal Housing Finance Agency (FHFA), is drawing fire from congressional Democrats for preventing Fannie Mae and Freddie Mac from writing down the principal on home mortgages held by underwater borrowers. With U.S. taxpayers already on the hook for nearly $200 billion in losses incurred by Fannie and Freddie […]
RT @Will_PPI: Hope from the Heartland is required reading for Wash Dems. Kudos to Cheri Boustos and Robin Johnson for listening t… https://t.co/shfWaR7fRr