To: Ed DeMarco, Acting Director of the Federal Housing Finance Agency, Maxine Waters, Head of House Financial Services Committee, and Barack Obama, President
Ed DeMarco - don't kick my family out of our home!
Ed DeMarco, do what's right so that my family and I can stay in our home. Don't drive my wife and our three children out of our home and onto the street.
We want to be able to pay our mortgage every month and remain in the home and community we love. Ed DeMarco, it's time stop blocking principal reduction so that we and millions of other families can pay our mortgages and stay in our homes.
Why is this important?
My name is Ramón S. In 2005, my wife Rosana and I purchased our home to raise our three beautiful children. We love our home, and our neighborhood and we want to stay here. Sadly, we’re being forced out of our home and onto the streets because of one man--Ed DeMarco.
Ed DeMarco is the acting director of Federal Housing Finance Agency. With his position at FHFA, DeMarco oversees Fannie Mae and Freddie Mac, which control more than half the mortgages in the country. DeMarco’s opposition to principal reduction--resetting mortgages to fair market value--is forcing millions of families into foreclosure and blocking our country’s economic progress.
Ed DeMarco was appointed by President Bush, but four years later, still works for President Obama.
On Tuesday March 19th, Acting Federal Housing Finance Agency Ed DeMarco is testifying before Congress. Will you help me send him a message on Tuesday that he can’t take my family’s home?
For years, we faithfully made our monthly payments until we ran into some bad luck. I lost my job and Rosana had to take a leave of absence to care for her mom who was very ill. By the time we both were able to get back to work, we were behind on our monthly mortgage payments.
In his position, DeMarco is the boss of Fannie Mae and Freddie Mac. And no matter how much we tried to negotiate, Freddie Mac refused to any modification of our loan because of Ed DeMarco’s irrational and destructive opposition to principal reduction.
Since then, we’ve saved the money to buy back our home with the support of a local non-profit, but Freddie Mac still won’t take our offer.
Ed DeMarco is hurting my family and millions of other families and dragging down our country's economic progress. We worked hard to buy this home, and we love our community. Our children deserve better than what Ed DeMarco is doing to them.
On Tuesday, we can send the message to Ed DeMarco that he needs to do what's right.
Can you join me and tell Ed DeMarco that he can't take my home? We want to be able to pay our mortgage every month and remain in the home and community we love.