Media sources report that Mark Zandi, chief economist at Moody's Analytics, is a lead contender to replace DeMarco.
Refinancing program had been scheduled to end at the end of 2013. Now gets two more years.
During the March 19 House Financial Services hearing on the conservatorships of Fannie Mae and Freddie Mac, Rep. Mel Watt (D-N.C.) yielded back the majority of his allotted time due to “media speculation over the weekend.”
Commmittee Chair Hensarling reiterates aim to eliminate Fannie Mae, Freddie Mac as government-sponsored enterprises.
North Carolina congressman named as possible successor to embattled FHFA acting director. DeMarco taking flak over principal reductions.
Nine attorneys general pen letter saying Edward DeMarco stands in the way of progress for struggling homeowners.
The Federal Housing Finance Agency, the regulator and manager of government-owned Fannie Mae and Freddie Mac, is poised to start to restructure the secondary mortgage market whether credit unions, banks or legislators are ready or not.
Despite what almost everyone agrees is the deep importance of the topic, credit unions have become largely ambivalent about reforming the secondary mortgage market and uncertain about potentially disrupting a system which seems to be working well, according to executives with credit union organizations familiar with the issue.
Lenders in streamlined refinance programs, including HARP, will be eligible for relief after an acceptable payment history of only 12 months.
New guidelines permit some homeowners with a Fannie Mae or Freddie Mac mortgage to sell their home in a short sale even if current.