House Democrats To DeMarco: Do Your Job, Or Get Out

House Democrats To DeMarco: Do Your Job, Or Get Out Democratic members of the House of Representatives have openly called on Edward J. DeMarco, acting director of the Federal Housing Finance Agency (FHFA), to either do his job correctly or leave the agency.

TheHill.com reports that DeMarco's meeting on Thursday with 17 House Democrats erupted in outrage when DeMarco stated his agency did not have any plans to assist struggling homeowners. DeMarco also claimed that he never had a conversation with a homeowner who went through a foreclosure.

Speaking with reporters after the meeting, Rep. Elijah Cummings, D-Md., stated that he challenged DeMarco to perform his duties or leave the FHFA.

‘I said to him twice, 'Mr. DeMarco, if you cannot do this job – or if you don't feel like you're capable of helping the people that we represent – maybe you should move to the side and let somebody else come and replace you,'’ Cummings said.

Rep. Dennis Cardoza, D-Calif., gave DeMarco the same message, adding that he was outraged that DeMarco had never spoken with any foreclosed homeowners.

‘That shows to me the lack of understanding [and] the lack of urgency that is being brought to this problem,’ Cardoza said. ‘The members of Congress are talking about one in three of their constituents who come to their office in tears, telling us about their problems, and the person in charge of the program has never talked to a foreclosed individual. That's unacceptable.’

In an e-mail to TheHill.com, Rep. Anna G. Eshoo, D-Calif., took a wider aim of the matter, blaming the White House for a lack of leadership.

‘There has been a complete failure on the part of the Obama administration to address the catastrophic wave of home foreclosures across the country, leaving families in despair and wreaking havoc in countless communities,’ Eshoo wrote. ‘In order for our economy to expand, an effective policy must be put into place to turn this devastation of housing around.’

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