DeMarco’s Successor Watch: First Convince the Republicans
January 4, 2013
As more names are thrown into the “Who Will Succeed DeMarco at FHFA” sweepstakes, the question increasingly being is asked is this: which candidate will placate Congressional Republicans? Republicans, so far, have held united against allowing Fannie Mae and Freddie Mac to write down the principal on underwater mortgages as a loan modification tool. Edward DeMarco, the acting director of the Federal Housing Finance Agency, of course, has shot down the idea numerous times.
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