Obama Said Near Decision on Leader for Fannie Mae Regulator
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Edward J. DeMarco, who has served as acting director of the Federal Housing Finance Agency since 2009, gave a Senate panel an update today on the FHFA’s oversight of Fannie Mae and Freddie Mac. It’s unclear how much longer he’ll be guiding those efforts.
Long-stalled White House plans to nominate his replacement are now accelerating, according to two people familiar with the discussions who asked to remain anonymous because the process isn’t public.