Ed DeMarco Named FHFA Acting Director

l Housing Finance Agency (FHFA) Senior Deputy Director and Chief Operating Officer Ed DeMarco will take over as acting director of the FHFA, the agency's current director, James Lockhart, said in a [link=http://www.fhfa.gov/webfiles/14750/Lockhart_statement8609.pdf][u]statement[/u][/link] formalizing his resignation. ‘As the housing market is starting to stabilize and the housing [government-sponsored enterprises] are strongly supporting the mortgage markets and other financial institutions, it is time for me to move on to the next chapter, Lockhart said. SOURCE: [link=http://www.fhfa.gov]FHFA

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