Edward DeMarco, the Acting Director of the Federal Housing Finance Agency, was appointed four years ago by President Bush to oversee Fannie Mae and Freddie Mac, the organizations that control more than half the mortgages in the country. Since then, he has blocked fair and needed actions that would jumpstart our country’s economic progress and help millions of families who suffered after big banks crashed the economy.
On Tuesday, March 19th, Acting Federal Housing Finance Agency Ed DeMarco is testifying before the Congressional Financial Services Committee -- it's an incredible opportunity for us to show how his policies are hurting our families and undermining economic prosperity. A good example is the Suero Family.
Ramon Suero explains how Ed DeMarco is trying to kick his family out of their 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 of 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."
That's why we'll be there on Tuesday, demanding that Ed DeMarco let the Suero family stay in their home. To garner popular support, our friends at New Bottom Line have created a petition. Check it out and sign it here!