U.S. President Barack Obama talks to the neighbors after meeting with homeowners to discuss the housing crisis in Nevada. (Reuters/Larry Downing)
Housing and Mortgage Markets
May 17, 2012, Ted Gayer and Phillip Swagel
Edward DeMarco, temporary director of the Federal Housing Finance Agency, has been criticized by elected officials for not moving forward with principal reduction plans that may stem the foreclosure crisis, but Ted Gayer and Phillip Swagel explain why such programs would do little to solve the nation's housing woes.
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