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US: Housing finance regulator defends against critics

Posted on 31 October 2011

Edward DeMarcoThe nation’s top housing-finance regulator pushed back against criticism that he isn’t doing enough to help the troubled U.S. housing markets, saying that critics were asking him to do the bidding of Congress.
Edward DeMarco, acting director of the Federal Housing Finance Agency, made the comments days after his office unveiled a major overhaul of a program to refinance mortgages that are underwater. The program is open for loans backed by Fannie Mae and Freddie Mac, which is regulated by the FHFA………………………………………..Full Article: Source


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