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Friday, October 26, 2012

DeMarco Shrinks Fannie-Freddie Without Help From Congress - Bloomberg

DeMarco Shrinks Fannie-Freddie Without Help From Congress - Bloomberg

The man with power over more than half of U.S. mortgages lives in a 1961 brick split-level house. There’s a basketball hoop in the driveway and a green Subaru Outback in the carport. The homes on Edward J. DeMarco’s block are so close that neighbors see into each other’s windows.
This surprised several dozen demonstrators, one in a vampire costume, who arrived at DeMarco’s residence in a middle- class Washington suburb last month to demand he quit his job as acting director of the Federal Housing Finance Agency.
Enlarge image Edward DeMarco Ignores Vampires to Plan for Post-Fannie Mae Era
My home is better-looking than this,” said Catrese Tucker, a Massachusetts toll collector whose property is in foreclosure. “I don’t believe this is his home.”

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