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What does the promise to fire Ed DeMarco mean?

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* 1. The Obama administration told the Financial Times that if the president is re-elected he will get rid of Ed DeMarco, FHFA acting director, seen by many as the major roadblock to principal reduction modifications of GSE loans. Does this signal a new commitment to addressing the mortgage crisis by the Obama administration?

Yes, they have finally seen the light/heard the people.

Maybe, or maybe was just close enough to the election to take a stand

No, promises don't mean anything.

It's more complicated...

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* 2. If the administration is serious about underwater mortgages, what should its next step be?

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* 3. Tell us about yourself. (Your information will not be shared.)

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