Fannie Mae, Freddie Mac Conservatorship Leader DeMarco To Leave FHFA

DeMarco, who ran Fannie Mae / Federal National Mortgage Association (OTCBB:FNMA) and Freddie Mac / Federal Home Loan Mortgage Corp (OTCBB:FMCC)’s regulator on an acting basis for nearly five years, will leave FHFA next month. He remained at FHFA as a deputy director after Melvin L. Watt took the helm in January. New director at FHFA The FHFA is the agency responsible for overseeing the operations of mortgage finance giants, Fannie Mae / Federal National Mortgage Association (OTCBB:FNMA) and Freddie Mac / Federal Home Loan Mortgage Corp (OTCBB:FMCC). The companies were placed under conservatorship after receiving a huge bailout from the government…