Due to the high home foreclosure rate in California, Rep. Jerry McNerney, D-Pleasanton, and 27 other members of Congress from California have called for President Barack Obama to immediately appoint a permanent director of the Federal Housing Finance Agency.
There has been no permanent director for 2 1/2 years, which McNerney says undermines the housing authority's capability to address the foreclosure crisis. Meanwhile, areas like San Joaquin County have been ravaged by foreclosures, he said in a news release.
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