Republicans aren’t in a hurry to see Watt replace Edward J. DeMarco, the current head of the Federal Housing Finance Agency, the independent regulator with oversight of Fannie Mae and Freddie Mac. DeMarco has resisted pressure from the Obama administration and consumer advocates to allow the two companies to cut the principal balance on troubled loans, saying that would hurt taxpayers more than it would help homeowners.
Obama’s Fannie Mae Pick Watt Faces Fight Imperiling Housing Deal - Bloomberg
No comments:
Post a Comment