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Former FHFA Chief DeMarco Criticizes Obama’s Housing Moves

American Banker, By Matt Scully

Congress’ failure to pass housing finance reform legislation continues to pose a threat to the country, and policies under the Obama administration risk repeating mistakes that led to the financial crisis, according to former Federal Housing Finance Agency chief Edward J. DeMarco.

DeMarco criticized recent moves by the administration to boost credit availability at a private event on Thursday, echoing Republicans’ concerns that such policies could endanger the housing market.

Read the full article: Former FHFA Chief DeMarco Criticizes Obama’s Housing Moves