DeMarco, In Reversal, Will Meet With House Democrats

DeMarco, In Reversal, Will Meet With House Democrats After initially refusing to meet with Democrats from the House of Representatives to discuss the details of the White House's new foreclosure-prevention strategy, Edward J. DeMarco, acting director of the Federal Housing Finance Agency (FHFA), has agreed to make himself available for a meeting.

TheHill.com reports that the congressional Democrats had requested an FHFA briefing earlier this month to learn more details on the White House's new strategy to address the foreclosure crisis. The FHFA dismissed that request, stating that it was ‘premature’ to discuss the new strategy.

The Democrats then requested a direct meeting with DeMarco, who turned down the inquiry. According to Rep. Elijah Cummings, D-Md., ‘[FHFA] sent us some career employees, and they were not able to answer the questions that we were most concerned about.’

The new meeting has been scheduled for Oct. 6.

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