Senate GOP Backs DeMarco Amid Rumors Of New FHFA Chief

Law360, New York (April 18, 2013, 2:24 PM EDT) -- Senate Republicans on Thursday backed Federal Housing Finance Agency Acting Director Edward DeMarco even as media reports swirled that the Obama administration is set to name a potential permanent replacement to lead the conservatorship of Fannie Mae and Freddie Mac.

Republican members of the Senate Banking Committee repeatedly thanked DeMarco for his service to the country in running the FHFA since his appointment by President Barack Obama in August 2009. They also cheered his plans for creating a single platform for mortgage securitizations by Fannie Mae...
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