House Dems Push Obama To Replace FHFA Chief

Law360, New York (February 7, 2013, 1:30 PM EST) -- A group of 45 Democratic members of the U.S. House of Representatives on Thursday called on President Barack Obama to replace the current acting director at the Federal Housing Finance Agency with a new leader that would look to provide more assistance to homeowners.

In their letter, the lawmakers said that FHFA acting Director Edward J. DeMarco has been focused too much on the rehabilitation of Fannie Mae and Freddie Mac, the two failed government-sponsored mortgage giants, and has made decisions that have harmed homeowners....
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