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Ed DeMarco
Quick Hit
by Matthew Blake
2:56pm
Fri Aug 10, 2012

Housing Advocates Converge Against FHFA Head DeMarco

Housing advocates in Chicago and across the country have begun to channel their frustration with the sprawling foreclosure crisis toward one man: Ed DeMarco (pictured), acting director of the Federal Housing Finance Agency (FHFA).

The National Community Reinvestment Coalition (NCRC), which includes several Chicago groups, fired off a letter yesterday to President Barack Obama demanding that he make a recess appointment for a new FHFA director. Meanwhile, the Chicago area foreclosure rate is on the rise. Read more »