Ed DeMarco surely looks out as FHFA director as the White House leaks its intention to nominate...

|By:, SA News Editor

Ed DeMarco surely looks out as FHFA director as the White House leaks its intention to nominate a replacement early next year. DeMarco has made no friends in the administration, refusing to sign off on its hope of a principal-reduction program for mortgages. Principal reductions could mean big losses for owners of MBS - mREITs, banks, and the Fed (only one of whom probably doesn't care).