VICTORY! St. Paul foreclosed homeowner wins unprecedented settlement from Freddie Mac

[progree]

http://www.occupyhomesmn.org/caylin_victory

Caylin Crawford, a researcher at the University of Minnesota fighting foreclosure with Occupy Homes MN, has received an unprecedented settlement offer from Freddie Mac that will keep her in her home.

More at:
http://www.democraticunderground.com/12527285

[tblue]

1. This just sticks in my craw:

Caylin has joined a national “Dump DeMarco” campaign pressuring the Obama administration to fire Ed DeMarco, the federal administrator who oversees Fannie and Freddie. In March she was among five people arrested in an act of civil disobedience interrupting DeMarco’s Congressional testimony in Washington, D.C. DeMarco has been identified as a primary obstacle to implementing principal reduction--writing down home loans to their current market value--and other important reforms at Fannie Mae and Freddie Mac.

Why doesn't Obama fire DeMarco?

[okwmember]

2. I saw just this morning that the President

is nominating Mel Watt to replace DeMarco. The article also mentions that his 1st nominee, Joseph Smith wasn't confirmed because the repukes thought he was too closely tied to the White House.

http://www.huffingtonpost.com/2013/05/01/mel-watt-fhfa-ed-demarco_n_3190105.html

Not sure they're gonna give anyone who will actually do any good a real shot at confirmation. Maybe a little deference to Watt because he's congressman, but I doubt it.