6 questions for Ed DeMarco, the former regulator of Fannie, Freddie
MarketWatch - September 8, 2014 - September 8, 2014
MarketWatch, Ruth Mantell
Ed DeMarco is no stranger to controversy, but now he’s hoping to help the spread the word about need for Washington to finish its work on housing-finance reform.
He left his post this year as acting chief of the Federal Housing Finance Agency, a key job that oversaw giants Fannie Mae FNMA, +1.41% and Freddie Mac FMCC, -0.28% . Six years after they were put into federal conservatorship, the government sponsored enterprises remain the backbone of the U.S. housing-finance system.
His tenure at FHFA was marked by a controversial decision not to allow principal reductions for troubled mortgages backed by Fannie and Freddie. Some Republicans applauded him. On the left, the “Dump DeMarco” campaign was born.
Read full article: 6 questions for Ed DeMarco, the former regulator of Fannie, Freddie