Edward DeMarco | |
---|---|
Acting Director of the Federal Housing Finance Agency | |
In office September 1, 2009 – January 6, 2014 | |
Preceded by | James B. Lockhart III |
Succeeded by | Mel Watt |
Personal details | |
Alma mater | University of Notre Dame University of Maryland, College Park |
Edward Joseph DeMarco is an American government official who served as the acting director of the Federal Housing Finance Agency (FHFA),[1][2] the conservator for Fannie Mae and Freddie Mac, from 2009 through 2014. According to DeMarco, FHFA's mandate from Congress is to preserve and conserve the assets of Fannie Mae and Freddie Mac. "[I]n their current state that translates directly into minimizing taxpayer losses. We are also charged with ensuring stability and liquidity in housing financing and maximizing assistance to homeowners."[3]
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: CS1 maint: archived copy as title (link)