Frustrated Democrats suggest top Obama housing official resign - TheHill.com: Infuriated by the Obama administration’s handling of the lingering foreclosure crisis, several leading House Democrats this week suggested that Edward DeMarco should step down as the chief regulator of Fannie Mae and Freddie Mac.
DeMarco, acting director of the Federal Housing Finance Agency (FHFA) — an agency independent of the White House — met Thursday with 17 House Democrats in the Capitol, ostensibly to brief them on FHFA’s enhanced efforts to help struggling homeowners. Instead, he revealed that the agency doesn’t yet have such a plan.
The news didn’t sit well with the Democrats.
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