Dems want Fannie, Freddie overseer out over resistance to mortgage write-downs

AP Aug. 8, 2011: The Fannie Mae headquarters is seen in Washington. A top regulator's unbending refusal to use troubled mortgage giants Fannie Mae and Freddie Mac to rescue underwater homeowners is whipping up a growing protest from liberal lawmakers and advocacy groups -- some of whom are now calling on President Obama to fire him.  The little-known Washington official, Edward DeMarco, is under pressure by the left to reduce mortgage principals for struggling borrowers. Nearly 20 Democrats in Congress along with groups like MoveOn.org have launched somewhat of a campaign against the head of the Federal Housing Finance Agency. Their solution would presumably help thousands of families,...