North Carolina congressman's nomination to FHFA top spot prompts careful comments from trades.
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.
Borrowers relieved of requirement to document hardship or financial situation.
Foreclosure figures released in a report Wednesday from the Federal Housing Finance Agency indicates the housing market is on the road to recovery.
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.
Panel to discuss how government policy at Fannie and Freddie played role in housing collapse and financial crisis.
Two secondary mortgage giants will begin work on their replacement.
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.
NCUA Inspector General William DeSarno told House Oversight and Government Reform Chairman Darrell Issa (R-Calif.) in a letter that amounts paid to attorneys working under contingency contracts on securities fraud suits are reasonable and are not unnecessarily high.